Members of the Alternative & Direct Investment Securities Association (ADISA), a trade association representing the alternative investment and securities industry, have chosen new directors for its 2021 board.
The five newly elected (or re-elected) board directors are:
- Brandon Balkman, Orchard Securities
- Angela Barbera, NexPoint Securities
- Craig Covington, DAI Securities
- Maria Ellis, Chen Planning
- Michael Underhill, Capital Innovations
Additionally, three directors-at-large were appointed:
- Sherri Cooke, AI Insight
- John Grady, Practus
- Greg Mausz, Preferred Capital Securities
They join the returning 2020 board members, who were elected last fall to two-year terms, and include:
- Larry Sullivan, 2020 ADISA President, Passco Companies
- Catherine Bowman, The Bowman Law Firm
- David Johan, Altruist Advisors
- Nati Kiferbaum, Inland Private Capital Corporation
- Mark Kosanke, Concorde Financial
- Matthew Malone, FS Investments
- Ann Moore, International Assets Advisory
- Thomas Voekler, Kaplan Voekler Cunningham & Frank
- Brad Updike, Mick | Law
Darryl Steinhause of DLA Piper also serves as a non-voting, volunteer legal counsel.
ADISA board elections occur in the fall, and each new director was elected to a two-year term through 2022. At the first board meeting of 2021 in January, the board will elect its 2021 president and president-elect.
The Alternative & Direct Investment Securities Association bills itself as the nation’s largest trade association representing the non‐traded alternative investment space. Its members are typically involved in non-traded real estate investment trusts, business development companies, master limited partnerships and private and public funds (LPs/LLCs), 1031 exchange programs (DSTs/TICs), energy and oil and gas interests, equipment leasing programs, or other alternative and direct investment offerings. The association was founded in 2003 and has more than 5,000 members.