ADISA, i.e., the Alternative & Direct Investment Securities Association and The National Due Diligence Alliance, or TNDDA, announced that the two organizations will unite under the ADISA name. The groups are expected to officially join together after TNDDA’s November 2024 conference. The 2025 season will feature “TNDDA by ADISA.”
ADISA is a trade association serving the alternative investment and securities industry. 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.
“Roger Wadsworth, TNDDA’s head, has built TNDDA into one of the most well-known and respected organizations in the alternative investments industry,” said John Harrison, ADISA executive director. “We are proud to join forces with TNDDA and bring TNDDA’s members, sponsors, and partners under the ADISA umbrella.”
The announcement was made yesterday at ADISA’s 2024 Annual Conference & Trade Show, which the association bills as the alternative investment industry’s largest event of the season.
“Through this unification, we have created a single source for due diligence resources, education, advocacy, and networking opportunities that will benefit the entire alternatives space of all sizes of capital raise, from relatively small to huge,” added Harrison.
Founded in 2003 by seven independent broker-dealers, TNDDA was originally established with a focus on serving independent broker-dealers and the goal of sharing information and insight on sponsors and their offerings. Since its founding, the group has expanded to include registered investment advisers and family offices. It has regularly held three conferences a year, with a total of 65 conferences and 1,400 sponsor presentations over its lifetime.
In combining with ADISA, TNDDA’s conferences and events will be integrated into ADISA’s existing calendar, and TNDDA’s members will have access to ADISA’s full suite of resources. According to ADISA, there will be two standalone TNDDA events (February and November), and the summer event will be combined with ADISA’s research and due diligence event.
“My goal has always been to ensure that TNDDA would continue to thrive even after my departure,” said Roger Wadsworth, national director of TNDDA. “I can now step back knowing that TNDDA’s future is secure. ADISA, with its stellar reputation and extensive reach, is the perfect organization to continue the Alliance toward a bright future.”
“This is an exciting time for the alternative investment industry, and we are thrilled that TNDDA and ADISA are able to join forces to help shape its future,” said Jade Miller, president of ADISA. “Our combined resources will enable us to better serve the alternative investment community and promote the continued growth and education of the industry.”
The Alternative & Direct Investment Securities Association bills itself as the nation’s largest trade association representing the non‐traded alternative investment space. ADISA’s 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 approximately 5,000 members.
For more ADISA news, please visit their directory page.
Read the full article here
