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About the Firm

The firm is a leading global alternative asset manager with investment and operational teams around the world. It invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions. Its strategy is driven by collaboration, innovation, and inclusion. Teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for fund investors, portfolio companies, management teams, and communities.

The firm’s direct lending business focuses on providing cash-flow-based financing solutions for the middle market private equity community. Its flexible product suite allows for tailored financing solutions for leveraged buyouts, recapitalizations, add-on acquisitions, growth capital, and other situations.

The firm’s success depends on its people. It builds and sustains its team by creating an inclusive, supportive culture that seeks excellence and encourages humility and transparency. The quality of its investments and its ability to build great companies depend on the originality of its insights. Reaching the firm’s full potential means supporting every team member in bringing their unique perspective to their work and the broader community. The firm is committed to a diverse, equitable, and inclusive workplace that fosters diversity of thought and reflects the breadth of its limited partners and portfolio companies.

Description of Position

The firm has an exciting opportunity for a Principal to join its Compliance team in Chicago. This individual will lead the compliance program for the Middle Market Direct Lending (“MMDL”) platform. The role is a high-impact advisory position that serves as a critical partner to the investment team, providing real-time guidance in a high-velocity deal environment.

This individual will be responsible for the end-to-end compliance oversight of the MMDL strategy and a Business Development Company (“BDC”). The role requires a candidate who is comfortable with heavy documentation review and has the technical expertise to identify and advise on complex affiliate and conflict-of-interest issues. This individual will report to a Deputy Chief Compliance Officer in New York.

Principal Responsibilities

  • Business Advisory & Conflict Remediation: Act as a proactive advisor to the MMDL investment team. Beyond identifying conflicts, this individual must be able to design and implement practical solutions to mitigate risks in real time.

  • Documentation & Investment Review: Conduct rigorous review of investment committee materials, deal documentation, and credit agreements to ensure adherence to firm policies and regulatory mandates.

  • Affiliate Transactions & Co-Investments: Serve as the subject matter expert on Sections 17 and 57 of the Investment Company Act, ensuring all affiliate transactions and co-investments comply with SEC orders and the firm’s internal allocation frameworks.

  • High-Volume Oversight: Manage compliance workstreams for a high annual volume of transactions, ensuring that the velocity of the business is supported by robust, scalable compliance controls.

  • BDC Governance & Policy: Lead the compliance program for the BDC, including the execution of Rule 38a-1 reviews, board reporting, and the maintenance of policies that reflect the specific regulatory requirements of a retail credit vehicle.

  • Committee Leadership: Represent Compliance as a voting or advisory member of the MMDL Valuation Committees, providing informed oversight of valuation decisions.

  • Policy Evolution: Continuously evolve compliance policies to reflect the firm’s growing direct lending footprint and the shifting regulatory landscape for private credit.

Requirements

  • Experience: 10+ years of senior compliance experience in private credit, direct lending, or with a focus on BDCs.

  • Education: Bachelor’s degree required. Advanced certifications, such as CSCP, are a plus, but a JD is not required.

  • Technical Knowledge: Deep understanding of the Investment Advisers Act and Investment Company Act of 1940.

  • Critical Thinking & Analysis: Ability to review complex deal and fund documentation to distill regulatory risks and provide commercial, policy-based solutions.

  • Operational Agility: Proven ability to manage a high volume of detail-oriented tasks without sacrificing accuracy or speed.

  • Communication & Presence: Strong gravitas to provide independent guidance to senior deal professionals; a reputation for being a problem-solver.