What are the responsibilities and job description for the In-House Corporate Lawyer position at Prospect Capital?
The Firm:
Founded in 1988, Prospect Capital is an alternative asset management firm with $7.3B of assets under management, including permanent capital. Prospect pursues multiple strategies in the US, including direct lending, private equity, real estate private equity and structured credit. Prospect has a long-term, value-oriented approach that employs fundamental bottoms-up research to identify investments that offer attractive risk and reward.
With headquarters in New York City, the firm is comprised of 100 experienced professionals who value entrepreneurship, intellectual rigor, hard work and continuous improvement.
The Position:
Seeking a top performing mid-senior level attorney for private credit, debt and equity finance, and other corporate transactional work. Extensive transactional experience with middle‑market private debt and equity transactions (with a focus on lender or sponsor representation) is strongly preferred. Candidate must have excellent drafting, negotiation, issue spotting, and analytical skills.
Desired Skills and Experience:
The ideal candidate will have a JD degree from a top accredited U.S. law school with strong academic credentials and a minimum of 5 years of relevant experience at a top-tier law firm or in-house legal department:
- Structuring, negotiating and executing a broad array of financing and buyout transactions, including middle-market sponsor-led acquisition financings (loans and equity);
- Leading and advising deal teams through all phases of the transaction lifecycle, including origination, documentation, negotiation, closings, amendments, restructurings and exits;
- Drafting, reviewing and negotiating early-stage loan and equity documentation, including term sheets, commitment letters, IOIs and LOIs.
- Drafting, reviewing and negotiating complex loan and security documentation, such as credit agreements, security documents, intercreditor and subordination agreements, guaranties, and other transactional documents;
- Advising on multi-lender loan syndications, liability management transactions (LMEs), unitranche/FOLO structures, and other syndicated loan market terms;
- Leading and advising deal teams on corporate governance and corporate transactional matters relating to Prospect’s controlled portfolio companies and other portfolio investments, including buyouts, mergers & acquisitions, asset dispositions, workouts, and restructurings;
- Managing multiple transactional matters simultaneously in a fast-paced environment;
- Coordinate and supervise outside counsel, including management of legal costs; and
- Special projects
Individual Opportunity and Culture:
Opportunity for autonomy and personal growth -- to be the best you can be -- in a high performance, entrepreneurial, intellectually challenging and vibrant investment firm, where personal and business goals are achieved and exceeded.
The anticipated base salary range for this position is $250,000 - $300,000 plus an annual discretionary performance-based bonus. Actual pay may be adjusted based on experience and performance.
In addition to the base salary, the hired professional is eligible for comprehensive benefits including 100% employer-paid Life Insurance, and AD&D. You'll also have access to pretax benefit accounts, including FSA, HSA, and Commuter accounts. Our perks go beyond the basics with a mentorship program, daily in-office paid breakfast and lunch, company-sponsored ski and sailing trips, and regular happy hours. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
Salary : $250,000 - $300,000