Ratings Legal Attorney - Private Credit & Funds

Position Title: Ratings Legal Attorney - Private Credit & Funds (New York / Chicago) Entity: Kroll Bond Rating Agency, LLC Employment Type: Full-time Location: New York, NY or Chicago, IL Summary/Overview: Kroll Bond Rating Agency (KBRA) is a pioneering global credit rating agency committed to establishing new benchmarks of excellence, integrity, and transparency in credit ratings. As the leading agency in the private credit sector, KBRA is seeking passionate and proactive funds or securitization attorneys to join our dynamic team and engage in private credit and funds transactions. This exciting opportunity is available in our New York or Chicago offices. About the Role: In this pivotal position, you will be instrumental in the rating process, collaborating on a diverse array of fund investment and finance transactions such as feeder fund rated notes and CFOs, NAV facilities, and middle-market CLOs. Your expertise will be critical in evaluating and communicating the credit implications of deal structures, documentation, and other legal considerations. Key responsibilities include: Reviewing financing documents and pertinent fund-level documentation Identifying potential credit impacts arising from transaction structures and legal documents Coordinating with rating analysts on relevant legal matters Participating in rating committee discussions Assisting the analytical team in preparing KBRA’s industry-leading ratings and research reports About the Team: KBRA’s Ratings Legal team stands out among rating agencies by working closely with ratings analysts to identify, assess, and articulate key legal and credit aspects and risks within transaction structures. As vital contributors to the credit ratings groups, they play a significant role in developing research reports and methodologies while engaging in investor outreach. Ultimately, the attorneys in Ratings Legal ensure the quality, accuracy, timeliness, and consistency of KBRA’s ratings. Qualifications for Success: Qualified attorney with 4-6 years of post-qualification experience in feeder fund rated notes, CFOs, structured finance, or fund finance Strong analytical and communication skills Ability to work collaboratively in a fast-paced environment Proficiency in assessing complex legal documents and structures

Position Title: Funds Ratings - Director (New York) Entity: Kroll Bond Rating Agency, LLC Employment Type: Full-time Location: New York, NY Overview: Kroll Bond Rating Agency, LLC (KBRA) is actively looking for a Director to enhance our expanding Funds Ratings team in our New York office. This team is responsible for assigning and monitoring credit ratings for a variety of debt instruments issued by funds and similar investment vehicles. KBRA evaluates financial instruments that facilitate fund operations, enhance liquidity, and optimize capital structures, including subscription credit lines, NAV-based loans, and feeder fund rated notes. Our diverse ratings portfolio covers a wide range of investment strategies, such as fixed income securities, private equity, private credit, direct lending, real estate, infrastructure, and asset-based financing. The ideal candidate will possess substantial experience and a strong interest in fund investment and credit strategies, understanding how funds operate, allocate capital, and generate cash flows. Key Responsibilities: Oversee the new issuance rating process, evaluating critical factors such as capital structure, legal protections, collateral quality, cash flow dynamics, and the manager’s track record. Engage with issuers and conduct due diligence meetings to assess their investment processes, risk management capabilities, and overall execution efficacy. Draft rating memos and new issuance reports, providing recommendations to the rating committees. Lead ongoing monitoring and surveillance of current issuances and ratings, ensuring awareness of developments. Develop and maintain complex analytical spreadsheets and databases. Collaborate with KBRA’s experts across other sectors, such as project finance and structured finance, to innovate evaluation methods for complex multi-asset strategies. Mentor and supervise junior team members, fostering their analytical and professional growth.

Position Title: Funds Ratings Associate / Associate Director Company: Kroll Bond Rating Agency, LLC Employment Type: Full-time Location: New York, NY Overview: Kroll Bond Rating Agency, LLC is on the lookout for an enthusiastic Associate/Associate Director to bolster our expanding Funds Ratings team in New York. This role involves assigning and monitoring credit ratings for various debt instruments issued by funds, closed-end funds, and other financial vehicles. Our diverse ratings portfolio includes funds utilizing a range of growth and income generation strategies across asset classes such as fixed income securities, private equity, private credit, real estate, and middle market lending. We seek a candidate with a robust background and passion for fund investment and credit strategies. Key Responsibilities: Conduct credit research on a diverse array of funds and investment vehicles. Assist in the creation of rating and analytical models, including cash flow and asset coverage models to assess fund debt structures. Prepare and present internal credit memos and publications through quantitative and qualitative analysis. Engage in diligence meetings with fund management teams to evaluate their investment expertise, risk management capabilities, and strategy execution. Develop and maintain intricate spreadsheets and databases for analysis. Collaborate with KBRA specialists in various sectors, including project finance, corporate finance, and structured finance. Support research initiatives for internal use and publication purposes. Associate Directors will independently lead the credit ratings process and research on various debt transactions involving investment funds. Qualifications: Bachelor's degree in Finance, Economics, or a related field. Demonstrated experience in credit analysis, fund investment strategies, or related fields. Strong analytical skills with the ability to interpret complex financial data. Exceptional communication and presentation skills. Proficiency in Excel and financial modeling.

About Bowery Legal:At Bowery Legal, we blend the extensive expertise of large firms with the personalized approach of a boutique practice. Our attorneys are seasoned professionals trained at esteemed law firms globally, such as Latham & Watkins, Gunderson Dettmer, Skadden, Mayer Brown, Greenberg Traurig, and Baker McKenzie. We are a collective of highly-skilled attorneys who believe in a more humane and efficient way to practice law without compromising on excellence. If you share this vision, Bowery Legal is the ideal place for your legal career.About the Role:We are looking for a proficient Investment Funds Attorney to join our dynamic investment funds practice. This role encompasses advising fund sponsors, managers, and investment platforms on the creation, structuring, and operational management of private and public investment funds across diverse asset classes. The successful candidate will collaborate with partners and clients on fund formation, regulatory compliance, and investor documentation, while gaining a comprehensive understanding of client objectives and market trends. This position promises significant client interaction, sophisticated legal challenges, and opportunities for professional growth within a collaborative and high-achieving legal team.What You’ll Do:Oversee the creation and structuring of investment funds, including venture capital funds, private equity funds, real estate funds, hedge funds, special purpose vehicles (SPVs), co-investment vehicles, parallel funds, management companies, general partners (GPs), and related entities. Draft, review, and negotiate essential fund documents such as limited partnership agreements (LPAs), private placement memoranda (PPMs), subscription agreements, side letters, and management/advisory/service agreements.Provide advice on fund economics and governance, including carry structures, waterfalls, GP commitments, and decision-making rights, in collaboration with tax, finance, and investment teams.Manage securities and regulatory filings, including Form D and Blue Sky/state filings, while supporting other SEC-related obligations for fund offerings.Design and implement compliance frameworks and policies for marketing, allocations, co-investments, conflicts, and other fund activities.Offer daily legal support for fund operations, which includes capital calls, distributions, LP consents, transfers, secondaries, and amendments.Assist investor relations by reviewing communications, addressing LP inquiries regarding terms and rights, and coordinating side letters.

Position Title: Senior Analyst, Corporate Credit Funds ResearchKroll Bond Rating Agency (KBRA) is looking for a Senior Analyst to become an integral part of our Corporate Credit Funds Group. This dynamic team plays a crucial role in delivering market-oriented, data-driven research that focuses on the evolving private credit landscape. In this position, you will harness proprietary data to transform complex datasets into actionable credit insights for a diverse array of stakeholders, including investors and internal teams.Key Responsibilities:Collaborate with sector experts to develop comprehensive research utilizing extensive proprietary datasets, which includes:Corporate Research: Analyzing financial statements, lender investment memoranda, and credit agreements for over 5,300 sponsor-backed middle-market companies.Fund Research: Investigating rated note feeders, collateralized fund obligations, private equity net asset value loans, and asset-based finance reporting.Structured Credit Research: Conducting thorough evaluations of collateralized loan obligations (CLOs) and related structured products.Gain a profound understanding of the factors influencing credit, including the function of private markets, risk management, and investment return generation.Engage with senior firm members for research, database enhancement, and analytical collaboration.Attend diligence meetings with fund management teams to discern emerging themes within private markets.Monitor defaults and recoveries, and research their underlying causes.Compose quarterly reports covering corporate credit, structured credit, and fund-related issues, along with timely updates based on current trends.Create impactful presentations for both internal use and public conferences.

Position Title: Funds Ratings - Analyst / Senior AnalystEntity: Kroll Bond Rating Agency, LLCEmployment Type: Full-timeLocation: New York, NYSummary/Overview:Kroll Bond Rating Agency (KBRA) is actively seeking a dedicated Analyst/Senior Analyst to enhance our expanding Funds Ratings team in the vibrant New York office. The Funds team is responsible for assigning and monitoring credit ratings for an array of debt instruments issued by various funds, including closed-end funds and other investment vehicles. Our diverse ratings portfolio includes funds employing a range of asset growth and income generation strategies, such as fixed income securities, private equity, private credit, real estate, and middle market lending. We are in search of a candidate who possesses extensive experience and a keen interest in fund investment and credit strategies.About the Job:Conduct credit research on a variety of funds, closed-end funds, and other investment vehicles.Contribute to the development of rating and analytical tools, including cash flow and asset coverage models essential for evaluating fund debt structures.Assist in the quantitative and qualitative preparation and presentation of internal credit memos and publications.Engage in due diligence meetings with fund management teams to assess their investment expertise, risk management capabilities, and overall strategic execution.Create and maintain complex spreadsheets and databases.Collaborate effectively with KBRA experts across various sectors, including project finance, corporate finance, financial institutions, and structured finance.Support research initiatives for internal and publication purposes.

Position Title: Director/Senior Director - REIT and Real Estate Fund Ratings Analyst Department: REIT Employment Type: Full-time Location: New York, NY Summary: Kroll Bond Rating Agency (KBRA) is on the lookout for a seasoned professional to join our REIT/Real Estate Funds team in New York. As a REIT and Real Estate Fund Ratings Analyst, you will play a critical role in assessing and rating corporate-level unsecured debt for REITs, institutional real estate funds, and associated commercial real estate operating companies across the U.S. and Europe. This position involves managing 10-12 credits, updating financial models, monitoring industry dynamics, engaging with senior management, and preparing comprehensive annual ratings surveillance reports and committee memorandums. Key Responsibilities: Lead all phases of initial ratings and ongoing surveillance for corporate-level debt issues from REITs and real estate funds. Evaluate companies' access to capital and funding sources, while monitoring operational and financial risks. Facilitate rating committee meetings and present findings to management, investors, and bankers regarding individual companies and markets. Integrate third-party property market and economic research into credit assessments and rating reports. Write detailed company reports, press releases, sector analyses, and special reports on market trends. Review bond offering documents and credit facilities, ensuring compliance with covenants. Maintain comparative analysis of credit metrics sourced internally and externally. Guide and review reports prepared by associate team members. Qualifications: Bachelor’s degree required. Over 8 years of experience in research and analysis focused on REITs or real estate. Strong analytical, communication, and presentation skills. Proficient in financial modeling and credit analysis. Experience in interacting with senior stakeholders and presenting findings.

About the Role iCapital Network is seeking a highly skilled Vice President, Registered Fund Attorney to join our dynamic Legal team. This pivotal role encompasses a wide range of responsibilities, including the representation of perpetual capital vehicles under the 1933 and 1940 Act frameworks. You will handle various matters encompassing compliance and regulatory issues, capital raising initiatives, marketing strategies, investor relations, fund formation and structuring, and corporate transactional matters. Furthermore, you will also represent additional investment products such as unit investment trusts (UITs) and exchange-traded funds (ETFs). The successful candidate will serve as a vital legal resource for our registered funds business. Ideal candidates will possess comprehensive exposure to all facets of the retail investment management landscape, along with proven experience in drafting and negotiating fund documents and related materials, including placement agreements and vendor agreements.

Join our dynamic team as a Private Credit Associate in New York or San Francisco, where your analytical skills will play a pivotal role in driving investment success. In this collaborative environment, you will engage in fundamental credit analysis across diverse industries, conduct in-depth financial modeling, and facilitate private credit transactions, primarily focusing on direct lending and mezzanine opportunities. Your contributions will extend to preparing investment committee materials, conducting thorough due diligence, and presenting investment ideas. We seek a motivated individual who thrives in teamwork, possesses strong analytical acumen, and demonstrates unwavering integrity and a commitment to excellence.

About 9finAt 9fin, we are revolutionizing the global debt market—an asset class valued over $145 trillion. Our AI-driven platform addresses the inefficiencies of fragmented data, PDFs, and outdated workflows by centralizing proprietary credit data, comprehensive analysis, and high-value processes.Currently, we empower over 300 prestigious institutions, including leading banks, asset managers, private equity firms, law firms, and advisors across the globe. As we rapidly expand in the US, our commitment to exceptional customer retention is evident through the profound adoption of our workflows.We are at a pivotal moment in our growth journey, with a proven product-market fit and strong demand driving us towards becoming the premier platform for debt markets worldwide.The OpportunityWe are seeking passionate and driven reporters to delve into the intricate world of private credit. Ideal candidates will possess a keen ability to identify promising leads, demonstrate the determination to pursue them, and possess the storytelling prowess to engage our audience and leave them eager for more.You will cultivate a network of sources, immerse yourself in the market, and uncover the groundbreaking stories and insights that keep 9fin ahead of its competitors. If you thrive on uncovering information and articulating its significance, this role is tailored for you.Your ResponsibilitiesEach day will bring unique challenges, including:Establishing connections and nurturing relationships with sourcesReporting and crafting engaging news and feature articlesAcquiring a deep understanding of the corporate credit landscapeMaintaining objectivity and a strong commitment to truthfulnessAbout YouThis position is ideal for individuals who:Excel in storytelling and conveying the relevance of newsEnjoy cultivating strategic relationshipsPossess strong interpersonal skills and can easily initiate conversationsAre passionate about high-quality journalismHave a strong interest in finance and a desire to expand your knowledgeDemonstrate relentless curiosity and the ability to gather, analyze, and present information effectively

The Role:The Hedge Fund Law Report and the Private Equity Law Report are actively seeking a passionate and skilled freelance reporter to enrich our editorial team. We are looking for someone with a strong background in financial law reporting who can provide insightful analysis of the legal landscape affecting private funds.Our publications delve into essential legal topics within the private fund sector, covering areas such as regulatory changes, compliance requirements, taxation issues, marketing strategies, and the various operational challenges that fund managers face. We offer our subscribers in-depth analyses and straightforward guidance to assist legal and compliance professionals in refining their practices and policies.

About Norm AiNorm Ai is at the forefront of Legal & Compliance AI innovation, serving a diverse client base with assets totaling $30 trillion under management. Our mission is to transform legal code into AI code, empowering enterprises to navigate legal and compliance processes with unparalleled speed, reliability, and trust.Our cutting-edge platform integrates advanced AI technologies, proprietary legal reasoning systems, and deep-rooted legal and regulatory expertise, enabling our clients to achieve their goals more effectively.Recently, we secured over $140 million in funding from prestigious investors including Blackstone, Bain Capital, Vanguard, Citi, New York Life, TIAA, Coatue, Craft Ventures, and notable figures like Henry R. Kravis and Marc Benioff.Norm Ai has pioneered the field of Legal Engineering, equipping lawyers to create and oversee domain-specific AI agents using our suite of no-code software tools. Our team includes numerous lawyers from top-tier U.S. law firms, trained as Legal Engineers specializing in Large Language Model-driven legal workflows.Our technology is employed by some of the largest and most influential institutions globally. As we continue to expand rapidly, we are actively seeking talented professionals to join all teams.AI Fluency Requirement:At Norm Ai, we expect all team members to demonstrate fluency in AI. Successful candidates will showcase their everyday use of AI to enhance their work processes, improve efficiency, and refine workflows. We encourage candidates to provide concrete examples of their AI application during the interview process, reflecting practical, hands-on experience.About Norm LawNorm Law represents a groundbreaking, AI-native full-service law firm designed for global institutional clients, such as Blackstone. Our unique approach to Legal Engineering empowers lawyers to develop AI agents that streamline and enhance the delivery of legal services, allowing our lawyers to concentrate on strategic oversight and high-value tasks.

IQ-EQ seeks a Manager of Private Equity Fund Accounting based in New York. This position is responsible for managing fund accounting operations with a strong emphasis on accuracy, regulatory compliance, and attentive client service. Key responsibilities Direct daily accounting activities for private equity funds Monitor and ensure compliance with applicable regulations and internal standards Lead, mentor, and support a team of accounting professionals Oversee the preparation of financial statements and performance reports Build and maintain effective relationships with clients and key stakeholders Role focus This role centers on delivering accurate fund accounting, upholding compliance, and fostering strong client connections while guiding a team through complex financial processes.

About the Role Point72 Asset Management, L.P. is hiring an Associate for Private Credit Valuation in New York. This position focuses on analyzing and valuing private credit investments. The Associate plays an important part in supporting accurate investment assessments that help drive results for clients.

The Company You’ll JoinCarta connects founders, investors, and limited partners through innovative software tailored for the venture capital, private equity, and private credit sectors. With over 65,000 companies in more than 160 countries relying on our platform, we provide the essential tools needed to build, invest, and scale with confidence.Our Fund Administration platform supports over 9,000 funds and SPVs, managing nearly $185 billion in assets. Designed to enhance the strategic impact of fund CFOs, our solutions have received accolades from Fortune, Forbes, Fast Company, Inc., and Great Places to Work, showcasing our commitment to reshaping private market infrastructure.Together, we are creating an end-to-end ERP platform tailored for private markets. Traditional ERP solutions often fall short for Private Funds, necessitating a comprehensive software solution that replaces outdated spreadsheets and disconnected service providers. Carta's software is revolutionizing private markets to mirror the efficiency of public markets, providing a unified ERP for private capital.For more about our culture and work environment, please visit our Carta careers page.The Team You’ll Work WithAs the Director of Sales for our Private Equity - Fund Administration team, you will spearhead the development and execution of strategic initiatives aimed at driving growth across our suite of Fund Administration solutions tailored for Private Equity, Private Credit, and Real Estate Funds. You will lead, mentor, and manage a high-performing team of sales professionals, guiding them in presenting our comprehensive product offerings, including Fund Administration, portfolio management, analytics, investor management, and more.In this leadership role, you will oversee a consultative sales process that highlights the advantages of our premier fund administration platform and services, customized to meet the evolving reporting needs of our clients. You will champion our technology to ensure it aligns with the requirements of both fund GPs/Admins and their investors/LPs. This position offers the unique opportunity to collaborate cross-functionally with product, marketing, and client success teams to drive product adoption and market expansion.The Problems You’ll SolveYour primary challenge will be to drive new business growth within our Private Equity Investors sales motion, focusing on month-over-month and year-over-year net new ARR growth.

Join Our Team as a Structured Finance Attorney at Axiom We invite you to become a vital member of our Financial Services team as a Structured & Investment Fund Counsel. In this pivotal role, you will deliver exceptional legal guidance and support to our clients in both private and registered investment funds, ensuring adherence to U.S. and international fund regulations. This position provides an exciting opportunity to collaborate with top fund managers on aspects such as fund formation, governance, and regulatory compliance, influencing investment strategies and documentation across a variety of structures. This is a current opening.

Join our dynamic team at Iqeq as a Senior Associate specializing in Private Equity Fund Accounting. In this role, you will be responsible for supporting our clients in managing their private equity investments and ensuring accurate financial reporting.As a key member of our Client Services department, you will work closely with clients to provide exceptional service and drive value through your analytical skills and attention to detail. This is an excellent opportunity for individuals looking to launch their careers in finance and accounting within a supportive environment.

Overview:Fort Morgan Capital, a specialized finance arm of SIMPLECITI Companies, is dedicated to originating and servicing structured credit facilities for personal injury and mass tort law firms. With the support of a $50 million joint venture with Arena Investors LP, we are poised to meet the increasing demand for non-dilutive financing by underwriting legal receivables secured by future case proceeds.About Fort Morgan Capital:Fort Morgan Capital is part of SIMPLECITI Companies, a vertically integrated finance and operations platform committed to developing scalable businesses across specialty lending, advisory, and asset management. Our companies focus on capital markets, legal finance, operations, and private credit, utilizing disciplined underwriting and advanced technology to deploy capital effectively and create sustained value.Your Role:We are seeking a qualified Director of Legal Credit and Diligence Operations to oversee the comprehensive evaluation, underwriting, and approval processes for credit facilities extended to law firms. This pivotal position requires a credit leader adept in legal asset analysis, due diligence management, and the structuring of intricate legal receivable-backed loans.The successful candidate will manage the complete underwriting lifecycle, liaise with external advisors, and prepare investment materials for committee review. We are looking for someone who merges legal expertise with credit structuring knowledge and operational proficiency.Key Responsibilities:Lead the complete credit execution process: intake, modeling, due diligence, credit memoranda, investment committee presentation, and closing.Develop and sustain underwriting guidelines for assessing legal receivables from personal injury and mass tort law firms.Examine case dockets, evaluate pipeline strength, settlement timeframes, and anticipated legal fee recoveries.Collaborate with external legal advisors, valuation firms, and underwriters to assess case quality and portfolio risk.Draft and present Investment Memos (IMs) for approval by the Fort Morgan Investment Committee.Ensure all legal structuring is finalized before funding, including lien protections and compliance with PPFFPA.Oversee funding documentation, ensuring a seamless transition to post-closing servicing and reporting.Address investment committee feedback, negotiate final loan documentation, and confirm alignment of funding terms with underwriting.

Position Title: Insurance Credit Associate Entity: Kroll Bond Rating Agency, LLC Location: New York, New York Summary/Overview: Kroll Bond Rating Agency (KBRA) is on the lookout for a seasoned professional with over 3 years of experience to join our fast-growing global insurance ratings team. We are seeking a driven, inquisitive, and team-oriented individual who will contribute to various facets of the credit rating process for insurers and reinsurers domestically and internationally. As an integral part of the ratings analytical team, you will engage in high-impact work alongside senior staff and external partners. This role encompasses a wide range of analytical duties and will involve working with diverse (re)insurance entities across both life and non-life sectors. The position is based in our New York office. Job Responsibilities: Assist in the formulation of credit rating recommendations for both new and existing (re)insurer ratings and related debt securities. Conduct thorough analyses of essential quantitative and qualitative factors that influence the credit quality of (re)insurers, including financial statement analysis, risk management frameworks, and the strategic outlook of management.

About the RoleThe New York office of Clifford Chance is excited to announce an opportunity for an Associate Attorney specializing in M&A within our esteemed Private Equity group. This position offers a unique chance to engage with diverse clients and complex transactions in a collaborative environment.