In-House Corporate Lawyer

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.