Ingrid Welch



(215) 665-4616

(215) 665-2013

Ingrid has more than 35 years of legal experience in private equity fund formation, private placements, mergers and acquisitions, and SEC investment adviser and broker/dealer registration and compliance.

Ingrid’s practice focuses on the needs of private equity and private real estate investment firms. She has represented private equity clients in all aspects of their transactional needs, including fund formation, private placements, securities regulation (including Regulation D and Investment Company Act of 1940 exemptions), acquisition, financing, and disposition of private companies and real estate, and advice regarding Dodd Frank investment adviser compliance, broker/dealer issues, and other regulatory requirements that impact private equity funds.

Ingrid spent 22 years as in-house counsel to a Philadelphia-based private equity and real estate investment boutique with 12 years as a principal and member of the investment committee. As counsel, Ingrid managed the legal work for more than 100 investment funds with strategies ranging from private equity funds of funds, private equity investment funds, real estate investment funds, hedge funds of funds, structured finance funds, and other alternative investment funds. Many of these investment funds involved negotiating joint venture agreements with strategic or operating partners, including complex governance and waterfall provisions. As a member of the investment committee, Ingrid was involved in the early stages of the investment decision-making process and understands the business considerations that impact private equity and real estate firms. Ingrid has managed registered investment adviser and broker-dealer compliance programs, as well as represented the registrants during examinations by the SEC and FINRA.

Ingrid returned to private practice in 2011. She served as the Philadelphia office managing partner of a Detroit-based law firm, and continued to represent her former private equity and real estate investment firm, as well as other private equity, real estate, and corporate clients. She speaks at seminars and conferences on a range of real estate and corporate issues, including recently participating in the program “Qualified Opportunity Zones: Understanding the Benefits & Opportunities in the Philadelphia Region.”

Ingrid earned her undergraduate degree from Villanova University and is a magna cum laude graduate of Villanova Law School, where she was an editor of the Villanova Law Review.



Cozen O’Connor Names Six New Shareholders

September 07, 2017

Cozen O’Connor is proud to announce the promotion of six members to shareholders of the firm: David Brisco (San Diego), Michael de Leeuw (New York), John Dickenson (West Palm Beach), Jonathan Lichtenstein (Philadelphia), William Walsh (Seattle), and Ingrid Welch (Philadelphia).

Cozen O'Connor Named in Law360's 100 Best Law Firms For Female Attorneys

April 17, 2016

Cozen O'Connor was named in Law360's '100 Best Law Firms For Female Attorneys'. This is the second year that Law360 has ranked the 100 best U.S. law firms for women, based on the firm's female representation at the partner and non-partner levels and its total number of female attorneys.

Cozen O’Connor Adds to Depth of Los Angeles Office with Hiring of Alderfer and Cousineau

July 01, 2014

Cozen O’Connor continues to grow its presence in Los Angeles with the addition of Amy B. Alderfer and Maria Louise (Ria) Cousineau, who join as partners. Alderfer joins the Commercial Litigation Department and Cousineau joins the Global Insurance Department.

Cozen O’Connor Expands Private Equity Practice with Addition of Ingrid Welch

June 10, 2014

With the recent addition of Ingrid Welch as a member, Cozen O’Connor has enhanced the strength of its Private Equity and Real Estate practices. Welch previously served as the Philadelphia managing partner of a Detroit-based law firm and as in-house counsel to a Philadelphia-based private equity and real estate investment boutique with 12 years as a principal and member of the investment committee.


SEC Final Regulation Best Interest Regarding Duties of Broker-Dealers [Alert]

July 09, 2019

Ingrid Welch and Greg Patton detail the changes broker-dealers will need to make under the new Regulation Best Interest, beginning June 30, 2020.

SEC Proposes Disclosure Requirements and Name Restrictions for Broker-Dealers & Investment Advisers [Corporate/Securities Alert]

June 18, 2018

In a series of three proposed regulations with requests for comments, the Securities and Exchange Commission (SEC) seeks to enhance communications by broker-dealers and investment advisers to their customers and clients.

SEC Charges 13 Private Fund Advisers for Repeated Filing Failures [Securities Alert]

June 12, 2018

Christopher Bellini and Ingrid Welch discuss the SEC's focus on policing even the most technical of violations and warn advisers to private funds that they should timely file their Form PF and that the information contained in their Form PF is accurate and complete.

SEC Proposed Regulation Best Interest Regarding Duties Of Broker-Dealers [Securities Alert]

June 11, 2018

Ingrid Welch and Greg Patton discuss Release No. 34-83062 (Best Interest Release) proposed under the Securities and Exchange Act of 1934, as amended; the SEC's attempt to make clear that a broker-dealer may not put its own financial interests ahead of its retail customers when making recommendations.

SEC Proposes Clarification Regarding Fiduciary Duties Owed by Investment Advisers [Securities Alert]

May 08, 2018

Ingrid Welch and Greg Patton discuss three proposed regulations made by the SEC to enhance and clarify the standards of conduct and duties owed by brokers-dealers and investment advisers to their customers and clients.

Events & Seminars

Past Events

Best Practices for Working with Your Outside Counsel

November 19, 2019 - Philadelphia, PA

Defining Innovation Presents Amy Whitaker

May 02, 2019 - Philadelphia, PA

The Women, Diversity & Change Summit: Philadelphia

March 20, 2019 - Philadelphia, PA

PBI's 19th Annual Real Estate Institute

December 11, 2015 - Philadelphia, PA


  • Villanova University School of Law, J.D., magna cum laude, 1984
  • Villanova University, B.A., 1981
  • Michigan
  • Pennsylvania