Professional Biography
Image of  Elizabeth Sipes

Elizabeth Kemery Sipes Partner

Firmwide Co-Chair, Private Investment Funds

  • Denver

    D +1.303.291.2322

    F +1.303.291.2400


    1900 Sixteenth Street, Suite 1400

    Denver, CO 80202-5255




As co-chair of the Private Investment Funds practice, Partner Elizabeth Sipes represents and advises private investment funds, investment advisers and institutional investors. Her clients include venture capital funds, private equity funds, real estate private equity funds, hedge funds and other sponsors of private investment funds, investment advisers and institutions making investments in private investment funds.

Elizabeth’s practice includes advising sponsors on the formation and launch of onshore and offshore private equity, real estate private equity, venture capital, hedge fund, funds of funds, funds-of-one, co-investment programs, master-feeder funds and separately-managed accounts. Her counsel encompasses structuring both funds and upper tier management and general partner entities, drafting all related documentation, from term sheets and side letters to partnership, subscription, vendor and custodian agreements, and advising on regulatory compliance issues, including investment adviser registrations and exemptions. She also represents institutional investors, including corporate and government pension plans, university and other endowments and funds-of-funds, with their alternative investments in private equity, venture capital, hedge funds and real estate.

A frequent speaker before a range of audiences in investment, fund advice and compliance, Elizabeth has spoken about changes to Form ADV, fund structuring, cybersecurity and other emerging trends for investment professionals and companies. Her civic leadership includes serving as a member of the board of directors of the Walking Mountains Science Center and trustee of Vail Mountain School.

Professional Recognition

  • The Best Lawyers in America 2021 - 2022: Securities / Capital Markets Law

Professional Leadership

  • Colorado Bar Association

Community Involvement

  • Walking Mountains Science Center, Board Member, 2018 - present
  • Vail Mountain School, Board of Trustees, 2019 - 2021
  • Global Center for Cultural Entrepreneurship (aka Creative Startups), Board member, 2016 - 2018
  • Denver HedgeFund Cares Steering Committee, 2013 - 2017
  • Energy Smart of Colorado, Board Member, 2014 - 2017
  • Social Ventures Partners, The Denver Foundation, Partner, 2013 - 2015

Related Employment

  • Bryan Cave LLP, Denver, CO, Partner, 2017 - 2018; Counsel, 2013 - 2016; Associate, 2000 - 2004 
  • Janus Capital Group Inc., Denver, CO, Assistant Vice President and Senior Legal Counsel, 2011 - 2013; Legal Counsel, 2006 - 2010
  • Hogan & Hartson LLP, Denver, CO, Associate, 2006
  • Weil, Gotshal & Manges LLP, Dallas, TX, Associate, 2004 - 2005




Bar and Court Admissions

  • Colorado


  • University of Illinois College of Law, J.D., magna cum laude, 2000
  • Truman State University, B.A., French; Business, cum laude, 1996


  • French