Position Information

LACERA is pleased to announce the Resume Canvass for Investments Staff Counsel as conducted by Major, Lindsey, & Africa.

The Los Angeles County Employees Retirement Association (LACERA) administers and manages the $70 billion retirement fund for the County of Los Angeles. We provide retirement, dis­ability, and death benefits to eligible County employees and their beneficiaries, and collect, deposit, invest, and manage retirement funds collected from the County, outside districts, and County employees. LACERA is the largest county retirement association in the United States with over 184,000 members. Our member­ship is comprised of individuals from a diverse range of careers, age groups, and ethnicities.
 
ANNUAL SALARY:
$135,700.80 -$205,393.92
 
THE INVESTMENTS STAFF COUNSEL ROLE
The Staff Counsel (Investments) position reports to LACERA’s Senior Staff Counsel for Investments and Chief Counsel. The role of Staff Counsel includes:

• Providing investment professionals with legal advice relating to investment transactions
• Reviewing, drafting, and negotiating documentation for various investment transactions, including private equity, hedge funds, co-investment transactions, real estate, and public markets
• Supervising outside counsel on investment transactions
• Legal support on a wide range of transactional matters
• Drafting memos, policies, and procedures to the Board of Investments
• Drafting, reviewing, and negotiating commercial contracts relating to investments

The Ideal Candidate will satisfy the position’s requirements and possess the following Desirable Qualifications:

Demonstrated first–hand experience independently drafting, reviewing, and negotiating:

• Agreements relating to complex closed-end private equity fund and open-end fund investments
•  Agreements with investment managers, advisers, consultants, and custodians relating to institutional investments and commercial contracts across various asset classes
• Documents for co-investment and secondary transac­tions
• Documents for real estate transactions
• Documents for hedge fund transactions
• Confidentiality agreements and non-reliance letters

Demonstrated experience in and ability to:

• Provide legal advice to institutional investors, investment advisers, and other investment professionals
• Supervise outside counsel in investment related transactions
• Provide independent compliance advice, support, and oversight relating to securities trading
• Experience representing institutional investors and/or investment advisers at a major law firm strongly preferred

 Familiarity with:

• Laws governing investment transactions, such as the Investment Advisers Act of 1940, Dodd Frank Act, and federal and state securities laws relating to private offerings
• California public records and open meeting laws and disclosure requirements relating to California public pension funds
• Placement agent and lobbying restrictions
• Securities trading compliance laws, rules, regulations, risks, and typologies across financial markets (e.g., SEC, FINRA Rules, etc.) the Political Reform Act of 1974 and related regulations
• Other laws governing California public pension systems

For further information please see attached brochure:
Staff Counsel Investments

How to Submit Your Interest
If you wish to be considered for the position, please submit your resume along with a letter of interest which details your experience.
 
Submit your resume and cover letter to:
Merle Vaughn
Major, Lindsey & Africa
mvaughn@mlaglobal.com