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.