ALTERNATIVE & DIRECT INVESTMENT SECURITIES ASSOCIATION

Lobbying Spend

$2.4M

Filings

Firms Hired

Active Period

2016–2026

Lobbying Spend by Year

Client-reported lobbying expenses on LDA filings

Year	Lobbying Spend	Filings	Firms
2026	$120,080	4	1
2025	$256,723	4	1
2024	$213,595	4	1
2023	$403,210	4	1
2022	$346,300	4	1
2021	$234,034	4	1
2020	$117,065	4	1
2019	$157,763	4	1
2018	$216,745	4	1
2017	$203,314	4	1
2016	$100,936	3	1

Lobbying firms retained by this client; amounts are client-reported expenses when available

Firm Name	Reported Spend	Filings
ADISA - ALTERNATIVE & DIRECT INVESTMENT	$2,369,765	43

Government entities explicitly identified as targets in LDA filings

Government Body	Filings
HOUSE OF REPRESENTATIVES	20
Securities & Exchange Commission (SEC)	19
SENATE	16
Treasury, Dept of	11
Internal Revenue Service (IRS)	8
Labor, Dept of (DOL)	2

Most frequently reported lobbying issues

Issue Code	Description	Reports
Taxation/Internal Revenue Code	Taxation/Internal Revenue Code	33
Budget/Appropriations	Budget/Appropriations	22
Accounting	Accounting	20
Financial Institutions/Investments/Securities	Financial Institutions/Investments/Securities	16
Environment/Superfund	Environment/Superfund	15
Real Estate/Land Use/Conservation	Real Estate/Land Use/Conservation	1

ALTERNATIVE & DIRECT INVESTMENT SECURITIES ASSOCIATION — Lobbying Disclosure | Poliscope