Ellen Kaye Fleishhacker leads the firm's Investment Management practice group. Her practice focuses on investment management related matters, including formation, compliance and transactional matters of real estate funds, venture funds, private equity funds, hedge funds, and impact investment funds. She also represents wealth advisory firms, family offices, and financial institutions on legal, compliance, and transactional matters associated with their investment management and related operations. In addition, Ms. Fleishhacker works with investors on structuring and negotiating potential investments in private funds, separate accounts, joint ventures, real estate partnerships, and other investment vehicles.

Ms. Fleishhacker also serves as Co-Managing Partner of the firm.

Her practice also includes counseling and negotiation in such contexts as acquisitions, dispositions, and reorganizations of investment management firms, as well as incident responses, internal investigations, and regulatory examinations. Ms. Fleishhacker regularly collaborates with her colleagues to provide comprehensive service to investment management firms, including to help them anticipate and address the challenges and opportunities that arise from the complex legal and regulatory environment in which they operate.

Ms. Fleishhacker has lectured and written frequently on various investment management related topics, including legal considerations uniquely applicable to real estate fund sponsors, legal matters related to impact investing, and legal and regulatory issues related to the allocation of fees and expenses by private investment funds.


  • Full Service Wealth Advisory Firms in regulatory and transactional matters related to the Investment Advisers Act, structuring and governing documentation of adviser itself, investment management agreements, regulatory examination matters, and merger and acquisition matters.
  • Impact Investment Advisory Firm in regulatory and compliance advice, representation regarding private funds, documentation of investment management agreements, preparations of governing documents of firm and structuring matters.


"Leading Lawyers"—Investment Management (America) (2023)
The American Lawyer
West Trailblazers (2022)
Northern California Super Lawyers


  • J.D., University of California, Berkeley, School of Law, 1996
  • M.B.A., University of California, Berkeley, Haas School of Business, 1996
  • B.A., University of California, Berkeley, 1989, with high honors, Phi Beta Kappa
  • California
  • Fellow, American Bar Foundation
  • Member, American Bar Association
  • Member, California Bar Association
  • Former Member, Family Office Subcommittee of the Institutional Investors Committee of the Business Law Section of the American Bar Association
  • Former Adjunct Lecturer, Golden Gate University Graduate School of Business Administration
  • Former Member, Board of Directors of Reading Partners
  • Former Member, Board of Trustees of the University of California, San Francisco OB/GYN Foundation
  • Former Member, Board of Directors of Urban Service Project, San Francisco
  • President, Board of Directors, Congregation Emanu-El

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