Tiffany R. Reeves
Partner
Overview
Tiffany Reeves leads the institutional investor team at Faegre Drinker, where she focuses on investor representation across domestic and international private investments. She represents insurance companies, public pension funds, state investment boards, sovereign wealth funds, endowments, foundations, family offices, health systems, corporate investors, and registered funds across all stages of their alternative investment programs.
Client feedback elicited by Chambers USA includes "Tiffany is very flexible and thinks of creative solutions."
Investment Management
Her experience spans a broad range of strategies, including buyouts, credit, venture, real estate, infrastructure, energy, natural resources, and liquid alternatives. She negotiates the full spectrum of investment documentation — fund governing documents, side letter negotiations, co-investment and direct investment agreements — as well as bespoke vehicles such as funds of one and separately managed accounts (SMAs).
Tiffany regularly counsels insurance company investors on rated note feeder fund structures, including structuring note and equity tranches, negotiating payment waterfalls and credit enhancements, addressing rating agency requirements in fund and side letter documentation, and advising on the interplay between fund economics and NAIC risk-based capital requirements.
Tiffany represents buyers and sellers in LP-led secondary transactions and advises institutional investors on GP-led secondaries, continuation vehicles, and other sponsor-led liquidity events. She also counsels institutional investor boards and executives on fiduciary, governance, and legislative matters, as well as fund due diligence, US regulatory developments, custody and securities lending, sustainability, and corporate governance.
In-House Experience
Prior to returning to private practice in 2017, Tiffany served as the chief legal officer and deputy executive director for a public employee retirement system. That in-house perspective shapes how she advises institutional clients, bringing a pragmatic approach to aligning investment objectives with fiduciary obligations.
Service & Recognition
Tiffany is active in the National Association of Public Pension Attorneys, the Council of Institutional Investors, and the Intentional Endowment Network, among other institutional investor organizations. She is ranked in Chambers Global and Chambers USA — Nationwide, Investment Funds: Investor Representation, and was named a Women in Business honoree by the Minneapolis / St. Paul Business Journal.
Personal Interests
Tiffany is passionate about health and wellness, and enjoys any fitness-related challenge, including running, hiking, cycling, HIIT bootcamps, barre and equestrian sports.
Credentials
Bar Admissions
Illinois
Minnesota
Texas
Wisconsin
Court Admissions
U.S. District Court for the Central District of Illinois
U.S. District Court for the Northern District of Illinois
Education
Northwestern University
M.A. (2010)
University of Oregon School of Law
J.D. (2006)
University of Oregon
B.A. (2002)
Insights & Events
Insights
Other Perspectives
- Proposed US Department of Labor Rules on ESG Ignore Duty of Impartiality
Co-Author, Top1000Funds, February 9, 2022. - Making Fiduciary Sense of Pension Fund Corporate Governance and Proxy Voting Practices
Co-Author, The NAPPA Report, April 2021. - 6 Guiding Principles for Developing Governance Policies
Author, Pensions & Investments, March 2021. - Systemic Racial Discrimination and Higher Education Endowment Fiduciary Duties
Co-Author, Intentional Endowments Network, October 2020.
Leadership & Community
Professional Associations
- National Association of Public Pension Attorneys — Investment Committee; Co-chair of the ESG Working Group
- Board Smart LLC, Board Governance Training Platform — Faculty Member
- Council of Institutional Investors
- Intentional Endowments Network
Civic Activities
- WCA Foundation
Honors
- Chambers Global — 2025-26
- Chambers USA — Nationwide, Investment Funds: Investor Representation, 2024-26
- Minneapolis/St. Paul Business Journal — Women in Business, 2025