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ADISA Names 2025 Board of Directors, Elevates TNDDA Alliance

By Mari Nicholson

ADISA Names 2025 Board of Directors, Elevates TNDDA Alliance
Jake Heidkamp, Greg Mausz, Katie Shook, Michael Underhill, David Wilson, Rajeev Kotyan, & Sylvia Kwan.

The members of the Alternative & Direct Investment Securities Association, i.e., ADISA – the nation’s largest trade association serving the alternative investments and securities industry – have chosen new directors for its 2025 board. ADISA holds democratic elections hosted by a neutral online vendor, and the elections are open to all member categories with a maximum of three votes per firm.

ADISA’s members are typically involved in non-traded real estate investment trusts, business development companies, master limited partnerships and private and public funds, 1031 exchange programs, energy and oil and gas interests, equipment leasing programs, or other alternative and direct investment offerings.

The five newly elected, or re-elected, board directors are as follows.

  • Jake Heidkamp, FactRight
  • Greg Mausz, Skyway Capital Markets
  • Katie Shook, NexPoint
  • Michael Underhill, Capital Innovations
  • David Wilson, Equifinancial

Additionally, two directors-at-large were appointed:

  • Rajeev Kotyan, Innovative Advisory Group
  • Sylvia Kwan, Ellevest

They join the returning 2024 board members, who were elected or appointed last fall to two-year terms, and include:

  • John Grady, 2025 president, ABR Dynamic Funds
  • Jade Miller, 2025 immediate past president, Bourne Financial Group
  • Catherine Bowman, The Bowman Law Firm
  • Christy Hutchison, Shopoff Realty Investments
  • Matthew Iak, U.S. Energy Development Corporation
  • Kyle Kadish, IBN Financial Services
  • Mark Kosanke, Concorde Financial
  • Ann Moore, International Assets Advisory
  • David Pittman, Bonaventure
  • Brad Updike, Mick Law
  • Joanna Venetch, Hana Solutions

Darryl Steinhause of DLA Piper also serves as a non-voting, volunteer general legal counsel, Thomas Voekler of Williams Mullen serves as volunteer hospitality counsel, and Brandon Balkman of Net Lease Capital Advisors serves as president of ADISA’s 501(c)3 Foundation.

ADISA board elections occur in the fall; each new director was elected to a two-year term through 2026. At the first board meeting of 2025 in January, the board will elect its 2025 officers and its president-elect to take office in 2026.

“I’m eager to collaborate with this talented group of directors as we launch new initiatives, including TNDDA by ADISA,” said ABR Dynamic Funds’ John Grady, who will serve as ADISA’s next president. “We will bring TNDDA into the new year as part of our ongoing schedule of events – same great sponsors, and due diligence experts that people have grown to expect from TNDDA, brought to you in 2025 by ADISA.”

Grady, chief operating officer and general counsel at ABR, was elected this year to serve as president in 2025. This is the first time a previous president has been elected to serve again as Grady was ADISA’s president in 2017 (ADISA’s bylaws permit a repeat term after a five-year wait).

Last October, ADISA and TNDDA announced that the two organizations would unite under the ADISA name. The groups became official in November after ADISA’s annual conference; the 2025 season will feature “TNDDA by ADISA.” TNDDA is a nonprofit trade association of independent broker-dealers, advisers, and family offices and a facilitator of the due diligence process for the alternative investment industry.

For more ADISA news, please visit their directory page.