Biography
ELIZABETH SHEA FRIES is the global leader of the firm’s Investment Funds practice, managing partner of Sidley’s Boston office, and a member of the firm’s Executive Committee. She provides clients strategic advice on a broad range of transactions, business and investment structures, and regulatory matters. Liz has particular experience in creating and structuring asset management businesses and in dealing with financial services mergers and acquisitions, innovative investment services and products, alternative investments, fiduciary issues, and compliance matters. She works with investment managers, funds, broker-dealers, banks, and other firms across various sectors of the investment industry. Liz is experienced in the offering of interests in open-end and closed-end management investment companies and other collective investment vehicles or pools, such as offshore investment funds, investment limited partnerships, private real estate investment trusts, group trusts, common and collective funds, and business or other investment trusts. Liz serves on the board of the Managed Funds Association and has been recognized by Chambers Global as a leading lawyer for Hedge Funds – USA (2009–2016, 2019–2023), and Investment Funds: Regulatory & Compliance – USA (2023). She was named to The Hedge Fund Journal’s 2022 “50 Leading Women in Hedge Funds” list and has been selected for inclusion in U.S. News–Best Lawyers, The Legal 500 U.S., The International Who’s Who of Private Fund Lawyers, and the Women in Business Law Expert Guide, among others.