Scope of the Role
The Legal Manager shall play a dual role in the business administration of Alternative Investment Funds (AIFs) launched by company's entities (“Fund Group”), more specifically, which are focused on investment in Private Equity & Near-IPO companies. And shall manage legal aspects of the fund such as assisting in the finalization of fund documents.
Job Description
In the role of Business Administration, the candidate will directly engage with stakeholders such as external legal firms, legal and compliance team, investee companies in negotiating and finalizing the terms of investments. The candidate shall also be closely involved in launch of new schemes by coordinating with various stakeholders and assisting the Business Head in finalizing the various features of the scheme.
In legal role, the candidate will engage with the legal team and other external stakeholders such as legal/tax advisors, merchant banker, trustees., valuation agencies etc. in drafting AIF related documents such as placement memorandum, trust deed, contribution agreement, share purchase agreement with investee companies, addendums etc. The candidate shall also be engaged in assisting compliance and legal team in the implementation of regulatory requirements and addressing queries from regulators.
Key Responsibilities:
•
Legal:
o Drafting and finalization of agreements such as contribution agreement,, placement memorandums, that the Fund Group would need to get into as part of their investments and divestments.
o Oversee and ensure adherence of Group and counterparties to agreements in place
•Regulatory Compliance: Ensure regulatory compliance requirements of Fund Group are complied with by driving work through operations / legal / compliance teams, internal / external auditors, trustees, valuation service providers and law firms
•Business Administration: Custodian of Internal Processes:
▪Ensure investment teams of Fund Groups follow prescribed processes, including all matters related to the Investment Committees and other such informal / formal groups involved in the investment management for the Fund Group.
▪Ensure operations teams of Fund Groups adhere to communication and service levels
o Operation Oversight: Ensure all activities required of the operations team to ensure seamless delivery of service to the Fund Group and investors in the fund are carried out properly in a time-bound manner
o Co-ordination and Communication: Act as the main coordinator and the primary point of contact between Fund Group investment, operations and legal / compliance teams on all matters related to the business administration of the Fund Group
o Communication with Investors, Investee Companies and Distributors:
▪Lead preparation of all kinds of presentations targeted at investors, investee companies and distributors
▪Lead design of communication to investors with operations and legal / compliance
o Document Management: Maintain and manage a repository of all documents related to business administration, including contracts, agreements and regulatory filings.
• Risk Assessment: Identify and assess potential legal risks associated with investment activities and provide guidance on mitigation strategies.
• Problem Solving: Address legal / compliance or business issues and questions raised and find appropriate solutions in collaboration with relevant teams.
Ideal Candidates
Looking for candidates with 8-15 years of experience in handling legal or business aspects of Alternative Investment Fund.
Person Specifications:
• Investment Banking or Private Equity professional with a degree in law or with relevant experience related to legal aspects of the role
• Thorough understanding of standard practices in handling diligence engagements (FDD, VDD, LDD, etc.), SHAs, SPAs, Rights Pooling agreements, FEMA, Income Tax regulations, SEBI regulations, relevant banking practices, IPO / OFS practices, statutory audits and other kinds of general / specific need audits
• Experience in dealing with leading audit firms, law firms and valuation service providers