A Message from Luke Weedon
ACIC President, 2024-2025
Happy New Year!
As we kick off a new year, I want to take a moment to reflect on the accomplishments of the College last year and give you a preview of the events we have to look forward to in 2024.
The mission of the College is to bring together lawyers who devote a substantial amount of their time representing institutional investors in connection with their investment operations, to provide education with respect to legal issues and market practices affecting institutional investments and investors, to develop, where appropriate, guidelines and uniform documentation for transactions involving institutional investments and to build collegial relationships to allow for more efficient transactions and communications among its Fellows.
In 2023 we did this through two very successful in-person educational conferences and several virtual CLE’s, with many opportunities to socialize (and exercise) together! Both the Spring Forum (co-chaired by Brendan Kelly (NY Life) and Manny Rodriguez (Avila Rodriguez Hernandez Mena & Garro)) and the Annual Meeting (co-chaired by Maggie Parker-Yavuz (Akin Gump) and Tom Pasuit (Kuvare)) were held in person, and each afforded meaningful educational and networking opportunities for all attendees. The Move Crew (shout out to Melody Cross and Kevin Braun for this) is off to a great start, and we hope to continue and expand the fun run/walk (and potentially other exercise adventures) in the future! Additionally, virtual CLE events put on throughout the year covered topics including a Chapter 11 overview for institutional investors and the politics of ESG and investing. A sincere thank you to the co-chairs of the conferences, the moderators and panelists, the members of the Education Committee, Development Committee, Membership Committee, Transaction Process Management Committee and Website & Social Media Committee, and all of the many other individuals whose ideas and energy made these events available to all of us.
At the 2023 Annual Meeting we also gave a heartfelt thank you to Renée Dailey for her steadfast and thoughtful leadership throughout her many years of service on the Board of Trustees, and in particular her time as President of the College. We also elected three new Trustees (Jennifer Fitzpatrick (Pacific Life), Brendan Kelly (NY Life), and Heather Wenzel (Morgan Lewis)) and thanked Keith Atkinson (Nuveen) and Danielle Maksimow (Norton Rose Fulbright Canada) for their valued service to the Board as their terms expired.
As we look ahead in 2024, I am excited about our Spring Forum in Chicago on April 11 and 12 at the Four Seasons Hotel, where the theme this year will highlight iconic stadium concerts (think Taylor Swift: The Eras Tour, but with an ACIC twist)! Sumbul Ali (SLC Management) and Jeff Dutson (King & Spalding), the co-chairs of the Spring Forum, are putting together thought-provoking topics, engaging panels, and ample opportunities for you to meet with other ACIC members. I expect the Move Crew will also be organizing an event, and we are looking for other ways to engage with each other.
Our Annual Meeting will return to Boston October 24 and 25, so go ahead and mark your calendar!
Based on the lively Q&A we had in a panel discussing conflicts of interest, with the guidance of outside ethics counsel, we are analyzing (1) the attempted use of advance conflict waivers by pre-designated counsel and (2) client identification in circumstances where investors are investing on behalf of third parties (i.e., Who is the client?). Our goal is to roll out the results of this analysis either in a virtual CLE or an upcoming conference. Stay tuned!
Finally, a special thanks to CJ Marchain and her colleagues at Madeleine Crouch & Co., who keep ACIC on track and put together outstanding events for us to enjoy.
The ACIC is an organization that is about building relationships to make our work, and the private placement market, a more productive and enjoyable experience. Please try to reach out to fellow members to create community with others in the College. Get involved! Working on a committee or participating in other aspects of the College brings richness to our organization, both for yourself and the College as a whole. If you have any questions about how to get involved, please do reach out to me or any of the Trustees.