Serve as a lead legal advisor to SWIB’s hedge fund and external manager investment programs, including investments in commingled hedge funds, funds of one, separately managed accounts, and other customized or strategic investment arrangements. Negotiate investor protections and institutional terms relevant to a large governmental investor, including provisions addressing transparency and reporting, fees and expenses, liquidity and withdrawal rights, key-person and change-of-control events, conflicts, indemnification, confidentiality and public-records considerations, regulatory matters, and compliance with SWIB policies and applicable law.