Joint Infoshare: Alternative Investments & Regulated Investment Companies Communities

Michael Frac

Michael Frac, CPA is an Assistant Chief Accountant at the U.S. Securities and Exchange Commission. Frac joined the SEC in September 2026 after spending 15 years with KPMG, most recently serving as a Managing Director. During his time at KPMG, Frac held a progression of audit roles, including Audit Associate, Senior Audit Associate, Audit Manager, Senior Audit Manager and Managing Director. He served as Managing Director from 2023 until joining the SEC in 2026. Frac earned a Bachelor of Science in Accounting and Finance from Villanova University and is a Certified Public Accountant in Pennsylvania.

As an Assistant Chief Accountant within the Division of Investment Management at the SEC, Ryan assists the Chief Accountant in interpreting new accounting regulations and directing the financial reporting and accounting practices of investment companies in compliance with the federal securities laws. Prior joining the SEC, Ryan was a Senior Manager at Deloitte, where he primarily served clients in the investment management industry and was also appointed to assist the Investment Management Industry group in resolving industry consultations on accounting, financial reporting and auditing issues as well as developing Firm guidance for practitioners. Ryan is a CPA, member of the American Institute of Certified Public Accountants, and graduated from the College of the Holy Cross in Worcester, MA in 2003.

Steven Kenney

Steve Kenney, CPA is an Audit Partner at KPMG and a member of the firm’s Department of Professional Practice. Kenney previously served as a Professional Accounting Fellow in the Accounting Group of the Office of the Chief Accountant at the U.S. Securities and Exchange Commission, where he advised the Commission and staff on accounting matters, registrant consultations involving novel and complex transactions, FASB standard setting and Commission rulemaking. During his time at the SEC, Kenney worked on accounting topics including debt and equity, financial assets and derivatives, consolidation and equity method accounting, financial reporting matters and crypto assets, with a focus on the investment management and insurance industries. Prior to joining the SEC, Kenney spent more than 10 years with KPMG in audit and professional practice roles.

Jaime Eichen

Jaime Eichen, CPA is a Partner at EY in the New York City metropolitan area. Eichen has been a Partner with the firm since 2014 and previously spent more than nine years as a Senior Manager with Ernst & Young LLP. Prior to returning to EY, Eichen spent nearly seven years with the U.S. Securities and Exchange Commission’s Division of Investment Management. She served as Chief Accountant from 2011 to 2014 and previously served as Assistant Chief Accountant from 2008 to 2011.

Michael Davoli III

Michael Davoli is Vice President, Alternatives Oversight at Fidelity Investments, where he previously served as Director of Alternatives Oversight. His work includes oversight of alternative investment products, including private equity, real assets and private credit. Prior to joining Fidelity, Davoli spent more than 11 years with PwC in Alternative Investments Assurance, where he performed audits of alternative investment vehicles including business development companies, private equity funds, venture capital funds, hedge funds and funds of funds. Davoli earned a Master of Science in Accounting and a Bachelor of Business Administration from the University of Massachusetts Amherst. He also serves as Co-Chair of the NECPAs Alternative Investments Committee.

Alexander Bourdony

Alex Bourdony, CPA is Chief Accounting Officer at Deerpath, where he oversees the operations team responsible for fund accounting and financial reporting. Bourdony joined Deerpath in 2021 and has 23 years of industry experience. Prior to joining Deerpath, Bourdony worked as a technical accounting consultant, both independently and with RSM, with a focus on the financial services and lending industry. He previously served as Loans and Deposits Accounting Director at Santander Bank and Controller at Salus Capital and was part of several controller teams at Bank of America. Bourdony earned a Bachelor of Science in Accounting from Providence College and is a Certified Public Accountant.