Senior Executive at U.S. Energy Development Corporation is Elected to Board of Directors for Alternative & Direct Investment Securities Association (ADISA)
(ARLINGTON, TEXAS) – Dec. 06, 2021 – U.S. Energy Development Corporation (U.S. Energy) is proud to announce today its Executive Vice President (EVP), Matthew Iak, was elected to serve a two-year term as a Board member by the Alternative & Direct Investment Securities Association (ADISA).
ADISA is a national trade association involved in non-traded alternative investments and works to provide educational and networking opportunities for its members. Leaders actively lobby on Capitol Hill and in meetings with lawmakers and regulatory agencies to further the organization’s mission. Iak will assist in leading the organization’s more than 220,000 professional members and hopes to connect ADISA with his existing network in Washington.
“As a member of ADISA for a decade, it is an honor to be chosen to serve on the Board of Directors and help to champion alternatives in the investment industry,” said Iak. “I am looking forward to bringing my perspective to help further the organization’s goals, uphold its integrity and reputation and bring a strong and much-needed presence from the energy industry to the organization. There are few organizations that have the impact that ADISA has, and I know I can help to continue to expand its reach.”
As EVP of U.S. Energy and a member of the company’s board of directors and leadership team, Iak applies an investor-first mentality to his decisions. Since joining the firm in 2005, Iak has helped raise more than $1.6B in capital. Additionally, he leads the construction and underwriting of innovative investment structures in the oil & gas space. He also serves as the CEO and President of U.S. Energy’s Managing Broker Dealer with Westmoreland Capital Corporation, where he oversees executive strategy to support company growth plans.
“We have seen firsthand the skills, creativity and passion Matthew brings to all that he does and can say that he, without a shadow of a doubt, deserves this position,” said Michael Haven, Vice President of U.S. Energy and longtime ADISA member. “I can’t wait to see how he can impact an already exemplary organization and help move forward the interests of all energy investments.”
Iak joins 17 board members at ADISA, beginning immediately. Elections for the Board of Directors occur annually and each member serves a two-year term. The elections are conducted with a neutral third-party voting site. To ensure that voting is unbiased, no single organization can receive more than three votes.
ADISA announced the newest class of board members today.
The Alternative & Direct Investment Securities Association is 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 who are key decision-makers, representing more than 220,000 professionals throughout the nation – including sponsor members who have raised in excess of $200 billion in equity and serve more than one million investors.
About U.S. Energy Development Corporation
U.S. Energy Development Corporation is a privately held oil and gas operator established in 1980 which provides direct investments in energy. The firm was named the Best Investment Company in North America by World Finance in its 2020 Oil & Gas Awards. U.S. Energy has invested in, operated and/or drilled more than 2,400 wells in 13 states and Canada and deployed more than $1.6 billion on behalf of its partners.
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