RALEIGH — A Raleigh-based private equity firm, Blue Heron Asset Management, LLC, has raised $3 million, according to a Securities and Exchange Commission filing.
Blue Heron
The $3 million was raised by 11 investors with the date of the first sale less than two weeks ago and a minimum investment amount of $100,000. The company did not disclose what it planned to do with the money.
Blue Heron was founded in 2011 by Maurice Malfatti and Ron Strom who act as managing partner and partner, respectively. The company targets primarily multifamily and mixed-use real estate investments in the Southeast, including areas such as Raleigh-Durham and Charlotte.
The company’s team averages over 20 years of experience in portfolio and asset management, real estate investment, finance, development, construction and consulting.
Current investments for the company include The Linden, a retail mixed-use property located in Davidson, North Carolina, as well as, a 55-unit apartment project on Hillsborough Street in downtown Raleigh.
This is the first time the company has filed a private equity offering with the SEC since its inception in 2011.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.
This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism
