Legal Counsel - Venture Capital

Job Description

Job Description

We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data driven insights to the world's investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed.

Position Description :

This role will support StepStone's Venture Capital and Growth Equity sector team within the Private Equity business, and report into the Deputy General Counsel for that sector. As an integral member of the Legal team, the person filling this role will be responsible for drafting and negotiating legal documentation with respect to the firm's venture capital and growth equity investments, including primary and secondary direct investments, primary and secondary fund investments, and co-investment transactions. This is a hands-on role, with only certain aspects being outsourced to external counsel.

Essential Job Functions :

• Work with other attorneys and team members in the Venture Capital and Growth Equity sector in structuring venture capital and growth equity investments
• Negotiate and draft documentation to execute (i) direct portfolio company investments, (ii) secondary purchases and sales of fund interests and shares in emerging companies, and (iii) co-investments
• Manage negotiation and execution of documentation, including term sheets and letters of intent, SAFEs, convertible notes, equity financing documents, partnership agreements, subscription documents, and side letters
• Review placement memoranda and partnership agreements for investments in venture capital and growth equity funds and prepare analysis regarding same for inclusion in investment memoranda or otherwise deliverable to clients
• Manage outside counsel in connection with select investment transactions, especially GP-led tender offers, continuation vehicles, and strip sales
• Monitor existing investment portfolio and manage disposition of investments
• Supervise paralegals, including in the negotiation of confidentiality agreements, closing-related matters, and other matters, as needed
• Special projects from time to time subject to availability (e.g., strategic transactions, process efficiencies, fiduciary counseling and training, regulatory filings, etc.)

Education and / or Work Experience Requirements :

Required Knowledge, Skills, and Abilities :

Salary Range - $150,000 - $175,000

The salary range is an estimate of pay for this position. Actual pay may vary depending on job-related factors that can include location, education, skill, and experience. The salary range does not include any benefits or other forms of possible compensation that may be available to employees.

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At StepStone, we believe that our people are our most important asset and crucial to our success. We are an Equal Opportunity Employer that strives to create an environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups as well as mentorship programs to enhance the employee experience for all.

As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.

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