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Senior Legal Counsel

Senior Legal Counsel

Cambridge AssociatesBoston, MA, United States
2 days ago
Job type
  • Full-time
Job description

Cambridge Associates (“CA”) is a leading global investment firm. CA’s goal is to help endowments & foundations, pension plans, and ultra‑high net worth private clients implement and manage custom investment portfolios that generate outperformance so that they can maximize their impact on the world. Cambridge Associates delivers a range of services, including outsourced CIO, non‑discretionary portfolio management, and investment consulting.

Headquartered in Boston, Massachusetts, CA has offices in key markets in North America, the United Kingdom, Europe, Asia, and Oceania. Our worldwide teams ensure our clients benefit from decades of global presence, local expertise, and relationships with the top global investment managers across the world.

Job Description Summary

The Senior Legal Counsel – Investments will be responsible for delivering legal support for the client investment process. This work will include reviewing and negotiating a broad range of investments, with a focus on private funds, such as hedge funds, private equity funds, and venture capital funds, as well as separately managed accounts. The lawyer will work with other lawyers and staff within the global Legal and Compliance Team, and interact significantly with CA’s investment and operations teams, external investment management firms, and other external parties. The scope of work may also include supporting the development, launch, and maintenance of investment vehicles.

Job Description

  • Review and negotiate alternative investments across all asset classes, with a focus on closed‑end funds (e.g., private equity funds, private credit funds, venture capital funds, secondaries funds, co‑investment funds, continuation vehicles); hedge funds; separately managed accounts; and traditional long‑only funds.
  • Advise investment teams on commercial and legal terms governing investments and work closely with investment teams to improve those terms in favor of CA’s clients through negotiation. Draft and edit investment documents, including side‑letter agreements.
  • Assess suitability of investments from regulatory, tax and local‑law standpoints for the accounts of a broad range of Endowment and Foundation, Pension and Private clients operating in many jurisdictions globally, and coordinate with and manage external counsel.
  • Potentially support the development, launch and ongoing operation of various CA investment vehicles, including legal, regulatory and tax structuring, and drafting / reviewing and negotiating constituent documentation (e.g., limited partnership agreements, series agreements, associated offering documents).
  • Assist operations with legal questions arising in the consummation of investments.
  • Gain, record and retain familiarity with the unique characteristics and requirements of many clients.
  • Direct, educate and instruct investments and operations teams regarding investment fund documentation and function.
  • Advise on corporate actions (e.g., proposed fund amendments and consents), securities laws, the Advisers Act, corporate and other matters.

Qualifications

  • Licensed and in good standing to practice in the United States.
  • 3+ years of experience with a top law firm, or a combination of law firm and in‑house experience.
  • Flexibility.
  • Experience and Skills

  • General areas of law covered : discretionary and non‑discretionary investment advisory services, investment management, private funds, securities, ERISA, general familiarity with U.S., U.K. and E.U. tax and regulatory matters related to private investment funds, transactional work.
  • Experience with privately offered / alternative investments, and related legal documentation including partnership agreements, investment management agreements, LLC agreements, side letters, subscription agreements, NDAs, offering memoranda.
  • Familiarity with institutional investment services and / or products.
  • Specific experience with primary, secondary, and direct transactions in private equity and venture capital.
  • Experience with regulatory, risk and compliance matters (primarily U.S., but U.K., E.U. will be helpful).
  • General exposure to tax matters relating to private investment funds.
  • Ability to organize and manage multiple projects simultaneously.
  • Comfortable communicating with all levels of the firm (strong verbal skills).
  • Comfort assessing relative risk and making reasoned decisions efficiently in a high‑volume environment.
  • Compensation and Benefits

    Base salary range for this role : $212,700 – $289,300.

    In addition to the listed salary range, this position is eligible for an annual performance‑based bonus and a comprehensive, competitive benefits package. Actual placement within the stated salary range will be determined based on factors such as skills, experience, and qualifications, as well as internal equity.

    Equal Employment Opportunity

    The firm is committed to the concept and practice of equal employment opportunity and will not discriminate against any employee or applicant on the basis of race, color, religion, age, sex, national origin, sexual orientation, gender identity, disability, or veteran status. It is expected that all employees will follow a similar policy toward their co‑workers.

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