Blackstone Private Wealth - Funds Distribution Legal Group – Attorney, VP

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.

Business Unit:

Blackstone Private Wealth   

Blackstone Private Wealth was established to answer the growing demand for Blackstone products from high-net worth investors. Partnering with many of the world’s largest private banks and wealth management firms as well as family offices, Blackstone’s Private Wealth team packages and delivers the full breadth of Blackstone’s alternative product capability to these firms and their clients and provides ongoing product and advisor support, as well as education and training around alternatives.  

Job Description:

This role will work on a variety of interesting and cutting-edge legal and general corporate matters, with a focus on matters related to distribution and fundraising across all Blackstone products and businesses.

Primary job responsibilities will include:

• Drafting and leading the negotiation of all placement agent and other distribution-related agreements with banks/wealth management firms (of varying sizes and across a broad spectrum of markets/jurisdictions) that cover the distribution of private and registered fund offerings across Blackstone.

• Participating in the design and launch of new fundraising initiatives.

• Assisting leaders with project management and fund formation matters and supporting product development of various investment structures across multiple jurisdictions.

• Working with in-house Legal & Compliance teams and external counsel to monitor and implement legal and regulatory developments that impact the distribution of Blackstone funds.

• Providing regulatory and legal advice to investment professionals and business personnel.

• Assisting with day-to-day legal matters for proprietary, private, drawdown funds sponsored by Blackstone Private Wealth.

• Overseeing and managing junior team members and outside counsel in the execution of the above responsibilities.

Qualifications:

Blackstone Private Wealth Legal seeks to hire individuals who are detail-oriented, process-driven, and have a genuine desire to learn and grow in a collaborative team-based setting. The successful candidate should meet the following qualifications:

• Have a J.D., preferably from a top law school, and be a registered attorney in good standing.

• 6+ years of relevant experience practicing as an attorney in the asset management or fund formation group within a major law firm or the legal department of an investment management firm or the alternative investment division at an investment bank.

• Substantial knowledge of relevant rules and regulations related to U.S. and offshore offerings and the day-to-day affairs/operations of both private and registered funds. Familiarity with evergreen funds focused on retail investors is preferred but not required.

• Strong contract drafting skills and experience negotiating directly with counterparties.

• Creative problem solver with a can-do attitude.

• Comfortable working in a dynamic and high growth environment.

• Highly motivated, proactive, and intelligent, with proven excellence in prior endeavors.

• Proactive and constructive in new and/or ambiguous situations, adapts quickly to changing circumstances while making informed, risk-adjusted decisions with limited information.

• Strong time and task management skills, independently manages projects to conclusion.

• Effectively manage multiple priorities and stakeholders, including identifying and escalating material issues in a tim