Asset Management Counsel

As asset management counsel you will join an experienced and collaborative Legal team to primarily work on supporting the Galaxy Asset Management team. You will support the legal and compliance functions of Galaxy Asset Management across the full spectrum from formation, launch and management of private funds to the investments pursuant to which such funds deploy client capital.

Key responsibilities include:

• Drafting, reviewing and executing fund formation documentation, including entity formation, governance documentation, subscription documentation, and bespoke side letter agreements with limited partners.
• Coordinating with external legal counsel, where applicable, as well as internal portfolio managers and sales teams on legal diligence, negotiation and execution of new investment opportunities.
• Advising internal stakeholders with respect to ongoing fund management matters, such as limited partner outreach, limited partner advisory committee (LPAC) management, updates to fund disclosure and offering documentation as needed and liquidations of funds following the conclusion of applicable investment periods.
• Assisting Galaxy Asset Management’s Chief Compliance Officer and compliance team on legal matters relating to the formation and maintenance of Galaxy Asset Management funds and products.
• Working with and alongside Venture Counsel in the diligence, negotiation and execution of private venture investments made by the various investing teams within Galaxy Asset Management.
• Engaging in other matters relating to asset management products, such as regulatory review and advising with respect to crypto-relevant issues and new asset management products.
• Embracing and championing the thoughtful adoption of AI to improve team performance and business outcomes.
• Leveraging AI tools (e.g., generative AI, automation platforms, data copilots) to improve productivity, decision-making, and output quality in your day-to-day work.

Benefits include:

• Equity Exposure for All Employees - Through broad and meaningful equity participation, we desire to have our employees work collaboratively and act as long-term shareholders.
• 401(k) Contributions - Galaxy offers a 401(k) retirement savings plan with a 3% employer contribution and access to both Traditional and Roth options (US-only).
• Flexible Time Off and Parental Leave - You decide how many paid vacation and personal days off you want. Paid Parental Leave is available to give new parents the opportunity to care for and bond with their new child.
• Full Paid Health Benefits - Company-paid health insurance for employees, partners, and other dependents, effective as of your start date.
• Perks at Work - Galaxy provides various crypto education opportunities, a free Peloton membership with insurance, after-hours car service reimbursements, and more.
• Employee Assistance Program - Confidential, 24/7 access to mental healthcare with a licensed therapist or psychiatrist. Benefits include 8 free video sessions per person, per year, for employees and any of their dependents age 18+.

The ideal hire should have at least three to five years of experience at a large law firm’s private investment funds group or in-house on asset management legal issues, fund formations, private venture-style investments, hedge funds and other active and passive investing strategies. Active membership in the NY state bar is required.

The ideal candidate will be highly organized, have meticulous attention to detail and a demonstrated ability to produce high quality work product in a fast-paced, high-volume environment where multiple projects may be active simultaneously. They should be a highly motivated, self-starter who takes initiative, with an interest in issues relating to digital assets; experience and/or prior knowledge in the space is a plus. A positive attitude and willingness to roll up sleeves (no job too big, no job too small) is essential.

Experience and knowledge with legal issues present for asset managers and Registered Investment Advisors, including the Investment Advisers Act of 1940, applicable SEC rules and regulations, fund structuring (onshore and offshore), conflict of interest management and allocation of investment opportunities across multiple funds and fund types including private funds, ETFs and ‘40 Act funds is necessary. Excellent written and oral communication skills are required, along with the ability to navigate and manage transactions involving multiple parties, financial structures and unique terms and conditions. The candidate should be a collaborative team member with a high level of professionalism and outstanding business judgment. Minimum 5-7 years of relevant prior experience with a large law firm or in-house in a credit risk, private investment and/or funds formation or asset management counsel capacity is expected.