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Principal, Legal Counsel – Fund Formation

Job in Chicago, Cook County, Illinois, 60290, USA
Listing for: McCormack Schreiber Legal Search
Full Time position
Listed on 2026-02-08
Job specializations:
  • Law/Legal
    Regulatory Compliance Specialist, Financial Law
  • Finance & Banking
    Regulatory Compliance Specialist
Salary/Wage Range or Industry Benchmark: 300000 - 325000 USD Yearly USD 300000.00 325000.00 YEAR
Job Description & How to Apply Below
Position: NEW: Principal, Legal Counsel – Fund Formation (8-15 yrs)

NEW:
Principal, Legal Counsel – Fund Formation (8-15 yrs)

About the Position:
Our client, a global private markets investment manager, is actively seeking an attorney with 8-15 years of fund formation experience to join its Legal team in Chicago as Principal, Legal Counsel (Fund Formation). This established, employee-owned firm boasts a positive culture of collaboration and a commitment to professional development, with clients including leading public and corporate pension plans, foundations, endowments, insurance companies, registered investment advisors, and high net worth individuals worldwide.

Local/Illinois attorneys please; no relocates.

Highlights:

  • Excellent compensation and benefits
  • 100% employee-owned company
  • Named a best place to work for money management
  • Future opportunity for equity/ownership
  • Hybrid position (3 days in office)

Responsibilities:

  • Assist with the coordination, structuring, formation and negotiation of private equity/credit investment funds and separate accounts (primarily closed-end funds, but also registered funds)
  • Assist with management of corporate documentation, corporate contracting and other general legal matters
  • Oversee closing documentation and ensure compliance with company guidelines
  • Work closely with business units to identify and address legal and regulatory issues
  • Assist with and coordinate offerings, including overseeing documentation and regulatory filings associated with such offerings
  • Update policies and procedures as needed and prepare required documentation
  • Maintain internal records, checklists, spreadsheets, and other tracking devices
  • Perform other ad hoc projects as assigned

Required Qualifications:

  • 8-15 years of sophisticated fund formation experience in a law firm and/or in-house legal department
  • Experience with private investment fund formation and structuring
  • Experience advising general partners/management companies on matters related to fund formation and day-to-day operations transactions in fund formation
  • Private credit experience is a plus

Location:
Chicago, IL (Hybrid);
Local candidates only

Compensation:
The anticipated base compensation for this position is $300,000 – $325,000.

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