StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $640 billion of total capital allocations, including $143 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program. With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.

Position Overview:

This role will support StepStone’s Venture Capital and Growth Equity sector team within the Private Equity business, and report into the Co-Deputy General Counsels 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 (i) primary and secondary fund investments, primary and secondary direct investments, and co-investment transactions, and (ii) investment advisory and management agreements, separately managed account documentation and offering documentation relating to the firm’s Venture Capital and Growth Equity clients and investment products. This is a hands-on role, with only certain aspects being outsourced to external counsel.

Essential Job Functions:

• Asist Co-Deputy General Counsels in structuring venture capital and growth equity investments
• 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
• 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, subscription documents, side letters, and SEC filings
• 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:

• 4-year college degree required
• Must possess a law degree from an accredited and reputable law school, be admitted to an applicable state bar, and be in good standing
• Approximately 4 to 7 years of venture capital, fund formation, investment management and/or transactional legal experience
• Experience with venture capital/growth equity funds and/or direct fund investments, whether in-house or at a reputable law firm

Required Knowledge, Skills, and Abilities:

• Ability to work on a wide variety of venture capital/growth equity fund and direct investment transactions
• Professionally communicate with all levels of staff and external stakeholders
• Utilize effective time management skills to maintain a commitment to quality and attention to detail; ensure that all work is completed accurately and on time
• Foster a sense of teamwork, assisting others when needed/required; work collaboratively with attorneys supporting other asset classes to share best practices, provide coverage, etc.
• Flourish in a challenging, fast-paced, and professional environment with frequent shifts in priorities as business needs dictate
• Have a strong sense of integrity, behaving consistently with expressed values and ethical principles of StepStone
• Focus on specific goals and demonstrate a sense of personal growth, accountability and urgency for achieving results

About us

Working out of 26 offices in 15 countries, StepStone has a truly global viewpoint. As people are our biggest asset, we offer resources to help our employees reach their full potential. Our principles are based on integrity, transparency, respect and creativity, which together define how we do business.  

Join us

When you choose to work at StepStone, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.  

StepStone offers a competitive compensation package including salary and incentive compensation for all full time hires, as well as a comprehensive benefits package.

Benefits

We offer a range of benefits which include comprehensive healthcare, strong retirement plan, a mental health well-being program, paid time off, student loan repayment program, and several wellness initiatives.

Disclaimer / Policy Statements

At StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion.  

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.

Developing People at StepStone