Legal & Compliance - Fund Formation Attorney, MD

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com .

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The attorney would be a member of a small and specially dedicated centralized institutional fund formation legal team within Blackstone, with responsibility for leading key matters and managing junior team members, and would:

Serve as one of the main point persons for fund formation legal advice across the fundraising lifecycle for Blackstone’s institutional fund products, including advising on investor-facing issues and leading coordination with outside counsel and business groups on capital formation and related fund matters

Manage and develop junior attorneys and help prioritize, allocate and quality-control work across fundraising and product initiatives

Advise on negotiation of LPAs, side letters, MFN elections, subscription documents, and other fund governing and offering documents

Advise on LP experience and LP dynamics across fundraising and throughout the fund lifecycle, including helping Institutional Client Solutions and business teams anticipate and navigate investor priorities, managing precedent and MFN sensitivity, and shaping practical solutions and messaging that support long-term LP relationships while protecting the firm

Partner closely with Institutional Client Solutions, operations, business teams and L&C to drive execution on fund launches and investor negotiations, including coordinating stakeholder feedback, managing timelines, and navigating internal approvals and escalations

Support LPAC matters, fund governance, amendments, and ongoing investor relations legal issues throughout the fund lifecycle

Advise on regulatory considerations relevant to fund formation and capital raising, including matters arising under the Investment Advisers Act, Investment Company Act, ERISA and applicable securities laws

Qualifications:

• 10+ years of experience practicing fund formation law
• In-house fund formation lawyer or from a law firm with a fund formation practice
• Meaningful credit experience (e.g., private credit, structured products, NAV facilities, leverage and financing arrangements, or credit-related fund terms) strongly preferred
• Experience with retail and open-ended private funds is not required but would be very helpful
• Strong analytical skills with the experience to identify and proactively address legal risks in a practical, business-oriented manner
• Collaborative team-oriented approach, with sound judgment, discretion, and the experience to manage multiple complex matters simultaneously in a fast-paced environment
• Excellent written and verbal communication skills, with the experience to distill complex legal issues for senior business stakeholders
• Experience with cross-border fundraising, non-U.S. investor structuring, and offshore fund vehicles is a plus
• Demonstrated experience managing and mentoring other lawyers
• J.D. from an accredited law school and admission in good standing to at least one U.S. state bar (New York preferred)
• The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.
• Expected annual base salary range: $270,000 - $300,000
• Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.
• Additional compensation and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.
• Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.  All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.