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ADISA Names 2021 Board of Directors

Members of the Alternative & Direct Investment Securities Association (ADISA), a trade association that represents the alternative investment and securities industry, have chosen new directors for its 2021 board.

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.

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