Compliance Officer - Private Credit

Overview 

A leading multi-asset alternative investment firm is seeking a Compliance Officer – Private Credit to join its Boston office.

The firm is seeking a seasoned compliance professional to serve as the primary compliance officer for its Private Credit business. The Private Credit platform includes two business development companies (BDCs), as well as private funds, separately managed accounts, and CLOs pursuing direct lending and related private credit strategies. This is a high-volume, fast-moving environment in which the platform continues to grow, and the Compliance Officer will be expected to grow with it.

Reporting directly to the Chief Compliance Officer, the Compliance Officer will have primary responsibility for the design, implementation, testing, and day-to-day management of the BDC 38a-1 compliance program and the associated Investment Advisers Act 206(4)-7 compliance program elements applicable to the Private Credit business. The role requires a seasoned compliance professional with practical commercial instincts and a demonstrated ability to work independently across investment, finance, operations, legal, and senior leadership, including regular interaction with the BDCs’ independent directors.

The ideal candidate brings a proactive, program-builder mindset — comfortable identifying gaps, proposing solutions, and driving initiatives to completion without waiting to be directed. 

This is a senior individual contributor role. The Compliance Officer will provide direction and oversight to junior compliance team members and third-party service providers including compliance consultants and outside counsel.

Key Responsibilities

• BDC and Registered Fund Compliance Program (38a-1)
  • Own the design, implementation, testing, and ongoing oversight of the 38a-1 compliance program for BDCs, as well as the associated 206(4)-7 compliance program elements for the Private Credit investment adviser
  • Conduct and oversee pre-transaction compliance reviews of private credit investments, including analysis for compliance with the firm’s SEC Section 17(d) co-investment exemptive order, and applicable Investment Company Act requirements (including Sections 17, 55, and 57)
  • Prepare quarterly and annual compliance reports and updates for the boards of each BDC, including presenting at board meetings and serving as a regular compliance contact for independent directors
  • Review and assess service providers’ policies and procedures; conduct compliance-related due diligence on fund service providers and vendors
  • Work closely with legal, finance, operations, and portfolio management to develop, document, and maintain policies and procedures reasonably designed to prevent, detect, and correct violations of applicable securities laws
  • Coordinate and manage the annual 38a-1 compliance program review
• Private Fund Compliance
  • Set strategy for compliance oversight for private funds alongside the BDC program, including monitoring applicable Investment Advisers Act obligations
  • Partner with investment staff, including portfolio managers and deal teams, to troubleshoot compliance questions and support transaction execution across the Private Credit platform
  • Collaborate with finance and operations counterparts on compliance matters including expense allocation review, cross-trade procedures, and operational workflows
• Program Development and Broader Responsibilities
  • Coordinate management of regulatory inquiries and examinations; lead or support examination readiness efforts
  • Assist with, and respond to issues and questions identified by, firm testing activities
  • Develop, implement, and maintain compliance policies and procedures for Private Credit business functions; assist with broader firm-wide policy development
  • Provide compliance oversight of third-party service providers; manage relationships with outside fund counsel and other key vendors
  • Review marketing materials and investor communications for the Private Credit business
  • Work on longer-term initiatives aimed at strengthening and scaling the compliance program
  • Coordinate with the broader compliance team on committee presentations, firm-wide compliance initiatives, and cross-platform matters

Skills, Knowledge & Experience

• 8-12 years of compliance experience at an investment adviser, registered fund complex, private fund manager, law firm with an asset management practice, or the Securities and Exchange Commission itself
• Demonstrated experience designing, managing, or materially supporting an Investment Company Act 38a-1 compliance program; BDC experience strongly preferred
• Strong knowledge of the Investment Company Act of 1940, including co-investment (Section 17/57), affiliated transaction requirements, and fund governance obligations
• Expertise in private credit strategies and the compliance considerations relevant to direct lending, private debt, and related structures
• Experience preparing and presenting compliance-related materials for registered fund boards; comfort interacting with and reporting to independent directors
• Background working closely and collaboratively with investment teams across the deal lifecycle, including portfolio managers and deal teams; ability to build trust with investment professionals and serve as a genuine business partner rather than a gatekeeper
• Background working across the deal lifecycle with finance and operations professionals; practical commercial instincts and ability to deliver solutions under time pressure
• Experience with regulatory filings, including Form ADV and Form PF, preferred but not required
• Experience managing or overseeing third parties and junior team members; proven ability to lead, direct, and influence without direct authority
• Self-starter who proactively identifies compliance risks and gaps and takes initiative to address them; demonstrated ability to take holistic ownership of a compliance program, including matters that fall outside defined swim lanes
• Track record of operating with a high degree of independence, sound judgment, and strong follow-through on a broad and varied workload
• Collegial, team-oriented professional with high integrity and the capacity to handle sensitive and confidential information
• Strong written and verbal communication skills; able to prepare and present materials for boards, senior leadership, and regulators
• Excellent organizational and time management skills; ability to manage multiple priorities with high attention to detail
• Strong problem-solving and analytical skills