Penfield W. Tate III is experienced in public finance and municipal law, as someone who has worked in government and as an advisor to government.

He has wide-ranging experience representing public entities, lenders and underwriters engaged in the process of financing essential public improvements, and advising local and state governments in the exercise of their administrative responsibilities.

Pen has been engaged in the public finance practice for more than 25 years and has experience working as bond, disclosure, trustee and underwriter’s counsel. Since 2004, he has served as bond counsel for financings by public entities throughout Colorado, which aggregate to more than $7 billion, and as underwriter’s or disclosure counsel for financings by public entities throughout the United States, which aggregate to more than $4.9 billion. He has been involved in a variety of financings, including fixed and variable rate, taxable and tax-exempt, senior and subordinate, revenue, general obligation, master lease and master indenture issuances, and lease purchases. Pen is also experienced in transactions involving letters of credit, municipal bond insurance, standby bond purchase arrangements and other forms of credit enhancement.

In government, Pen has served in both the Colorado Senate and House of Representatives. He has served as executive director of the Department of Administration for former Governor Roy Romer, as well as on both the State of Colorado Banking Board and the Colorado Housing and Finance Authority. As an aide to former Denver Mayor Federico Peña, Pen represented the mayor's office on issues involving airport finance, business and economic development, and housing development.

Pen often speaks before groups on issues of public interest; he is also a regular commentator with the local print and electronic news media.