Ms Elizabeth Lenas > Cleary Gottlieb Steen & Hamilton LLP > San Francisco, United States > Lawyer Profile

Cleary Gottlieb Steen & Hamilton LLP
650 California St
Suite 2000
San Francisco
CALIFORNIA
94108
United States
Elizabeth Lenas photo

Position

Elizabeth (Liza) Lenas is the Leader of Cleary Gottlieb’s Global Private Funds Group, where she advises many of the world’s most sophisticated alternative asset managers on complex fund formation and investment strategies.

Her practice spans the full lifecycle of private funds, with deep experience in fund formation, co-investments, consortium transactions, large-scale acquisitions, spin-offs, joint ventures, shareholding arrangements, managed accounts, and other strategic transactions. Liza represents sponsors across asset classes—including private equity, credit, venture, impact, and growth—and has been at the forefront of developing some of the industry’s most innovative investment vehicles, including one of the largest evergreen funds ever raised.

She also counsels limited partners on their fund commitments and investments and has significant experience navigating clients through high-stakes disputes and sensitive investment-related controversies.

Liza’s clients include leading firms such as Sixth Street, KKR, Sequoia Capital, Hillhouse, TPG, and Cascade Asset Management Company.

A recognized leader in the private funds space, Liza serves on the Organizing Committee of the IBA’s Annual International Conference on Private Investment Funds and is a frequent speaker at major industry events, including those hosted by the Practising Law Institute, the Bar Association of the City of New York, the Maples Investment Funds Forum, and the Institutional Investor Legal Forum.

In addition to her client work, Liza is deeply committed to public service and serves as New York Co-Chair of Cleary Gottlieb’s U.S. Pro Bono Committee.

Career

Became partner, 2013, Leader of Global Private Funds Group and Co-Chair of U.S. Pro Bono Committee New York

Memberships

Member of the New York Bar

Organizing Committee and Speaker (2023-2025), IBA Annual International Conference on Private Investment Funds

Member, Co-Chair (2020-2021), Private Investment Fund Forum

Member (2011-2013), Committee on Private Investment Funds, Bar Association of the City of New York

Education

Ms. Lenas received a J.D. from Columbia Law School, where she was a James Kent Scholar, and a B.A. from New York University, where she was a University Scholar.

Lawyer Rankings

United States > Investment fund formation and management > Private equity funds (including venture capital)

(Leading partners)

Elizabeth Lenas – Cleary Gottlieb Steen & Hamilton

Cleary Gottlieb Steen & Hamilton advises a range of private funds, covering credit, real estate, infrastructure, real estate funds, social impact private funds and buyout funds. The group has a particular strength in life sciences and healthcare funds, as well as sustainable environmental funds. Such funds are among the workload often handled by Elizabeth Lenas  who leads the team. Lenas works on key fundraises for the group’s largest clients such as fundraising for TAO Additional Commitments. The group’s deep bench also includes managing partner Michael Gerstenzang, a practitioner who is key for the group’s work on secondary transactions. Additionally, Adrian Leipsic‘s practice covers an array of private fund strategies. Jamal Fulton is key for the group’s feeder fund practice with large clients. Maurice Gindi has large alternative asset managers such as Blackstone among his varied client base, reflective of the wider group’s fund clients who include large global investors who invest in a number of jurisdictions globally. All named practitioners are based in New York.