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Message: <blockquote data-quote="Shiv Lawy" data-source="post: 244025" data-attributes="member: 43475">Hi, I've worked in both so I'll try to give non-generic answers.Asset management in general deals with publicly traded securities and will involve transactions on an exchange. The legal work required will most likely be in compliance, reporting, and production of Key Investor Document fact sheets that both institutional and retail investors may access to understand the investment returns. Lots of asset managers are trying to move into multi asset including private funds now too so there's that. If I had to hazard a guess the work for trainees could be less transaction focused but more custom fund formation for asset managers to offer specific vehicles for clients. Also a lot of compliance and reporting and ensuring the performance figures meet regulatory standards.Private capital will involve fewer investors but involve investment into illiquid securities and private companies/ real estate/ early stage. This could also be fund formation and creating term sheets which give approximate indicators of what the fund will invest in and strategy (for example Buy-out, Continuation, Roll up, sector specific etc.) but the work might be more transactional in actually buying majority shareholdings or significant debt positions in private companies. As a junior -you could perform due diligence on the transactions for example in acquisition to ensure that the company does actually have the assets and IP and certifications it says it does. Source: my best guess as someone who helps PE fundraising and worked in asset management operations and there was a lot of looking over LPAs and new fund paperwork, but don't take my word for any of this.</blockquote>

Verification: Our company is called, "The Corporate ___ Academy". What is the missing word here?

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