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Private Funds Associate (Mid level) - Chicago

Direct Counsel
Chicago, IL Full Time
POSTED ON 1/5/2026
AVAILABLE BEFORE 3/5/2026
Direct Counsel is representing a well-known Am Law 100 firm seeking a Mid-Level Associate to join its Fund Formation & Investment Management team within the Corporate Practice.

Position: Mid-Level Associate – Fund Formation & Investment Management
Location: Miami, FL or Chicago, IL (Hybrid)
Compensation: $250k/y-$320k/yr, based on experience. Full benefits package included.

Responsibilities:

  • Advise private equity, venture capital, and hedge fund managers on fund formation and structuring, including GP and management company entities, investment funds, and alternative investment vehicles.

  • Represent investor clients in side letter negotiations and provide counsel on investment opportunities with third-party managers.

  • Assist clients with fundraising processes, regulatory compliance, and day-to-day legal needs.

  • Draft, review, and negotiate fund agreements and related documentation.

  • Collaborate with colleagues in a fast-paced, client-driven practice.

Qualifications:

  • Juris Doctor degree; admission to practice in Florida or Illinois (or eligibility for admission).

  • 4–6 years of large law firm experience, with exposure to fund formation and investment adviser work.

  • Strong academic background and superior legal research, drafting, and analytical skills.

  • Interest in developing a practice in private funds law.

  • Basic understanding of entity types from a tax perspective and the Federal securities laws (’33 Act, ’34 Act, Investment Company Act, Investment Advisers Act).

  • Familiarity with fund economics and ability (or motivation to learn) to draft related language in fund agreements.

  • Excellent communication skills, attention to detail, and ability to handle multiple matters simultaneously.

  • Candidates should specify preferred office location (Miami or Chicago) when applying.

Salary : $320,000

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