Blue Heron Infrastructure

Blue Heron Infrastructure provides discretionary portfolio management primarily to high‑net‑worth individuals and institutional investors through separately managed accounts and, historically, private investment funds. The firm reports roughly $43.7 million in regulatory assets under management and does not serve retail individual (non‑HNW) clients.

The firm’s investment approach emphasizes generating current income by allocating between short‑duration taxable bridge loans and higher‑yield tax‑exempt project revenue bonds, using a top‑down/bottom‑up process with proprietary statistical analysis and relative‑value comparisons. Portfolios commonly include below‑investment‑grade and illiquid bridge loan instruments and municipal revenue securities, which raise specific credit, liquidity, and concentration risks.

Blue Heron is among the relatively small subset of similar advisers that have managed pooled vehicles and acted as a private fund adviser and has charged performance‑based fees with preferred‑return hurdles and catch‑up provisions; those private funds are currently in liquidation and not accepting new subscriptions. The firm discloses related‑party arrangements — including a consulting entity under common ownership and a preferred execution relationship with a broker‑dealer for bridge loans and private placements — and describes compliance controls to address side‑by‑side management and allocation conflicts.