The association describes itself as advocating for "public policies that foster efficient, transparent, fair capital markets, and competitive tax and regulatory structures.

As part of this mission, MFA provides its members with services and information regarding industry initiatives, developments, and sound practices; serves as a forum for identifying issues of common concern and developing solutions; engages policymakers and the media in dialogue regarding the industry; and offers targeted educational programs and publications to ensure informed governmental policymaking and balanced reporting by the press.

The organization produces reports, white papers, and other products to provide insights into the role of alternative investment funds in capital markets around the world.

MFA provides industry leadership through government relations, advocacy, and legislative affairs; communications; and education for members, policymakers, the public, and investors.

Corbett previously served in the George W. Bush administration as Special Assistant to the President for Economic Policy and Senior Adviser to the Deputy Secretary of the U.S. Department of Treasury.