What are the responsibilities and job description for the Direct Lending Counsel position at Long Ridge Partners?
Our client is an established asset management firm in NYC. The firm is well-known and invests primarily in credit. The Attorney/Lawyer (Transaction Counsel) will work closely with the GC on all things related to Direct Lending.
Compensation will include base, cash bonus, and LTI in the funds in the form of carried interest.
Role:
- Provide legal advice and drive execution on lower middle market non-sponsored lending transactions in partnership with the Firm’s investment professionals and external law firms
- Advise on structuring, negotiation, and documentation of complex lending transactions and ensure that the documentation addresses key legal and business concerns.
- Deep understanding of mezzanine lending, unitranche lending, and other key hybrid loan structures.
- Quickly understand unique and diverse business models and commercially negotiate bespoke structures and legal solutions tailored to the Firm’s borrowers and strategy
- Provide legal guidance concerning amendments, waivers, term sheets, collateral packages, consents, and covenants review.
- Liaise with teams across the Firm, including Legal, Compliance, Operations, Finance, etc., to manage risk and policy compliance
- Manage and work alongside outside counsel to facilitate superior structuring and transaction documentation
Requirements:
- 5 years of experience (JD 2020 ) professional experience in direct lending, lender's side would be ideal. A combination of in-house and BigLaw is ideal. Experience with middle-market transactions is ideal.
- Admitted to Practice in the State of New York or eligible to waive in
Salary : $215,000 - $260,000