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 timely and efficient manner.
Interested in financial markets and legal processes with and an interest in stepping in and working directly with stakeholders in the business.
Strong and independent thinker with excellent interpersonal and communication skills.
Team player with a strong desire to work as part of a collaborative team, contributing to a positive team environment and achieving shared objectives.
Willing to embrace a variety of issues and responsibilities.
In addition to the compensation range below, Blackstone offers comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits.
The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.
Expected annual base salary range:
$150,000 - $250,000Actual 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. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.
Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.
Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.
If you need a reasonable accommodation to complete your application, please email Human Resources at HR-Recruiting-Americas@Blackstone.com.
Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:
Attending client meetings where you are discussing Blackstone products and/or and client questions;
Marketing Blackstone funds to new or existing clients;
Supervising or training securities licensed employees;
Structuring or creating Blackstone funds/products; and
Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.
Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.
To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.