PGIM Investments, the investment adviser to the PGIM Investments’ funds, is seeking an attorney to serve as a member of PGIM Investments’ legal team, focusing on PGIM Investments’ retail alternatives fund business. This position will primarily support the Board of Directors/Trustees of the PGIM Alternatives Funds that are registered under the Investment Company Act of 1940 (the “1940 Act”) or elect to be treated as Business Development Companies under the 1940 Act, with a secondary focus on the global expansion of the alternatives platform.
The attorney would provide legal counsel on the structuring, launch and distribution of 1940 Act funds, particularly closed-end registered funds (unlisted and listed on an exchange), that focus on alternative investment strategies, including real estate, private credit and private equity.
- Provide legal advice to internal business clients on investment company, investment advisory and regulatory issues in developing new funds and supporting existing funds.
- Provide legal support to key partners including product development, as well as members of the compliance and marketing departments.
- Draft and prepare documents for registration and regulatory compliance for the funds. Responsible for ongoing SEC filings, including:
- N-CSR annul and semi-annual reports
- N-PORTS, N-CENs
- Corporate reports: 10-K, 10-Q and 8-Ks
- Quarterly tender offers
- Provide legal support for responses to regulatory inquiries.
- Legal review and analysis of transactions being considered for potential investment, including co-investment transactions made in reliance on SEC exemptive relief.
Your Required Skills:
- Candidate must have at least five (5) years of experience in a law firm and/or in-house legal department, and must be prepared to work in a collaborative and demanding environment.
- Knowledge of the Investment Company Act of 1940 is required. Experience with closed-end registered funds and/or private funds is also necessary.
- Candidate must have a J.D. degree, be in good standing, and be admitted to practice law in New Jersey (or must be obtained within 12 months of start date) or obtain the New Jersey In-House Counsel License within 18 months of start date.