Legal & Compliance - Fund Formation Attorney, MD

About the role

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
• Advis[e] 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

Responsibilities

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

Advis[e] 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

Requirements

• 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)

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)

Skills

• Strong analytical skills
• Proactive risk identification and management
• Effective communication and collaboration
• Experience with cross-border fundraising and non-U.S. investor structuring
• Experience with fund formation and capital raising

Benefits

• Comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits
• Paid time off
• Life insurance
• 401(k) plan
• Discretionary bonuses

Pay

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.

Schedule

Not specified

Application Instructions

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