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POSITION OVERVIEW
StepStone Group LP (StepStone) seeks a Sr. Legal Counsel for its New York, NY location.
ESSENTIAL JOB FUNCTIONS
- Draft and negotiate legal documentation with respect to the firm’s Venture Capital and Growth Equity (VC & GE) clients and investment products, including commingled funds, funds-of-one, and investment advisory relationships
- Support VC & GE fund and direct investments, both primary and secondary
- Assist in fund formation and structuring for venture capital and growth equity commingled funds and funds-of-one
- Coordinate with investment, finance, compliance, and operational due-diligence teams on all fund formation and investment activities
- Manage outside counsel in connection with formation of new funds and select investment activity
- Review placement memoranda, partnership agreements, legal due diligence materials and related documents for investments in venture capital and growth equity funds and startup companies and prepare analysis for inclusion in investment memoranda
- Manage the negotiation and execution of documentation, including term sheets, letters of intent, limited partnership agreements, side letters, subscription documents, placement agreements, advisory agreements, and equity financing documents
- Negotiate and draft documentation to execute secondary purchases and sales of fund interests and shares in startup companies, co-investments, and direct investments
QUALIFICATIONS
- Must have a Juris Doctor degree
- Three (3) years of experience in the position offered, as a Legal Associate or closely related position specializing in SEC regulations within the Venture Capital or Growth Equity industries. Must be a member in good standing of the New York State Bar
- Advising clients on U.S. Securities Law, including Securities Act of 1933, Investment Advisers Act, and Investment Company Act
- Advising clients on operational issues related to offshore entities, including corporate structures and securities filings in the Cayman Islands
- Structuring and maintaining management companies and general partner entities, including internal governance and profit-sharing arrangements
- Utilizing finance and accounting concepts, including valuation methods, waterfall modeling, management fee modeling and financial reporting standards applicable to private equity and venture capital funds, to efficiently review and draft Limited Partnership Agreements, negotiate with investors, and coordinate with internal finance and accounting teams
- Advising fund managers on fundraising that is in excess of $100 million dollars with global investors with various investing considerations
- Negotiating with various types of investors globally, including but not limited to pension plans, endowments, family offices and high net worth individuals
- Advising clients on U.S. Regulatory Law, including ERISA and SEC Rules & Regulations
- Advising clients on Venture Capital Markets, including VC fundraising and market status (including pacing and fundraising)
- Performing legal analysis of securities transactions and regulatory requirements
- Negotiating and drafting of securities transactions, including transfer agreements
- Conducting due diligence review and preparing due diligence reports
- Conducting case and client relationship management
- Two (2) years of experience must also include: Evaluating deal and securities risk, including analysis of market and industry risk, concentration and exposure considerations, regulatory and sanctions-related constraints, ESG/RI-related risks, and liquidity/exit limitations; and Coordinating the entire lifecycle of VC funds (including VC funds that invest in digital assets), including drafting and negotiating Limited Partnership Agreements (LPAs), Private Placement Memorandums (PPMs), and subscription documents.
May work remotely up to 2 days/week from the New York City metro area and evaluating leverage constraints to ensure sustainable financing solutions.
Direct applicants only.
Salary is $265,225.58/year; 40 hrs./wk. Qualified applicants may visit our website at https://www.stepstonegroup.com/current-opportunities/ and apply online (Job ID 12312/XL). StepStone is an EEO/AA Employer. This position is eligible for incentives pursuant to StepStone’s Employee Referral Program.
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.
#LI-Hybrid
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.
Candidates must be at least 18 years old to apply.
Developing People at StepStone
Skills Required
- Juris Doctor degree
- Member in good standing of the New York State Bar
- Three (3) years of experience as a Legal Associate or similar specializing in SEC regulations within Venture Capital or Growth Equity
- Experience advising clients on U.S. Securities Law (Securities Act of 1933, Investment Advisers Act, Investment Company Act)
- Experience advising on operational issues for offshore entities, including corporate structures and securities filings in the Cayman Islands
- Experience structuring and maintaining management companies and general partner entities, including governance and profit-sharing arrangements
- Working knowledge of finance and accounting concepts for PE/VC funds, including valuation methods, waterfall modeling, management fee modeling, and financial reporting standards
- Experience advising fund managers on fundraising in excess of $100 million with global investors
- Experience negotiating with various investor types globally (pension plans, endowments, family offices, high net worth individuals)
- Experience advising on U.S. Regulatory Law including ERISA and SEC rules and regulations
- Experience performing legal analysis of securities transactions and regulatory requirements
- Experience negotiating and drafting securities transactions and transfer agreements
- Experience conducting due diligence reviews and preparing due diligence reports
- Experience evaluating deal and securities risk, including market/industry risk, concentration, regulatory and sanctions constraints, ESG/RI risks, and liquidity/exit limitations
- Experience coordinating the entire lifecycle of VC funds, including drafting and negotiating LPAs, PPMs, and subscription documents (including VC funds that invest in digital assets)
- Experience managing outside counsel and coordinating with investment, finance, compliance, and operational due-diligence teams
- Experience drafting and negotiating documentation for commingled funds, funds-of-one, advisory agreements, side letters, subscription documents, placement agreements, secondary transactions, co-investments, and equity financings
StepStone Group Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about StepStone Group and has not been reviewed or approved by StepStone Group.
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Healthcare Strength — Health coverage is described as generous with multiple plan options, and in some cases employee‑only premiums are fully paid. Feedback suggests wellness resources and plan choice enhance the overall value of the package.
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Retirement Support — Retirement offerings include a 401(k) program that is viewed favorably. Feedback suggests long‑term incentive elements complement core retirement benefits.
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Parental & Family Support — Parental support includes leave coaching, paid parental leave, and resources for new parents alongside related travel and logistical supports. Feedback suggests these policies are a meaningful part of the benefits package.
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What We Do
StepStone Group (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to our clients. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals.StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.
