Build long-term wealth with exposure to leading private equity funds.

One simple account with global diversification across 7,000+ companies, aiming to generate higher returns than stocks.

Why private equity?

Private equity, capital invested in private companies, has historically outperformed public stocks and continues to offer opportunity for diversification.

The stock market has become increasingly concentrated with fewer companies.

The top 10 companies in the S&P 500 make up over 35% of the index.

For broad market diversification, investors can gain exposure to 7,000+ companies with Heron's private equity strategy.

Talk to a member of our team

Gain exposure to 7,000+ companies with Heron's globally diversified private equity strategy.

Our credit analysts implement an ongoing review and monitoring process of fund managers, selecting only top-tier funds for our clients' portfolios. Learn more about our fund-selection process here

Allocation

KKR Private Equity Conglomerate LLC

25.5%

KKR Private Equity Conglomerate LLC (KPEC) is a holding company focused on acquiring, owning, and controlling portfolio companies with the objective of generating attractive risk-adjusted returns through medium- to long-term capital appreciation. KPEC was established by global investment powerhouse KKR as the flagship conglomerate to manage geographically diversified portfolio companies that operate principally in business lines that are crucial to the global economy such as business and financial services, consumer and retail, healthcare, industrial, and technology, media & telecommunications. KPEC's strategy is to buy good companies it can make great. Approximately 80% of the fund will be invested across strategies from traditional buyouts to growth equity investments; the fund may invest up to 20% of its assets in liquid instruments including U.S. Treasury securities to support liquidity management. KPEC is part of KKR's global private equity platform, which manages over $200 billion in private-equity assets and is recognized as a pioneer in the industry, with a track record spanning nearly half a century.

$209B

AUM

+49 years

Track record

8.7

Quality score

13.80%

Returns

-1.02%

Premium to benchmark

Carlyle AlpInvest Private Markets Fund

25.1%

Carlyle AlpInvest Private Markets Fund (CAPM) seeks to provide access to the global private equity buyout market by strategically allocating to secondary, co-investment, and primary fund opportunities. CAPM's investment strategy has focused on acquiring high-quality assets that Carlyle believes have differentiated business models, with a particular importance on investing with top-tier managers with proven track records in different parts of the business cycle and with a preference for service-focused companies. CAPM seeks long-term capital appreciation and leverages the approximately $90 billion Carlyle AlpInvest platform to provide access to private equity markets. The fund is actively managed by Carlyle, a global investment firm with approximately half a trillion dollars in total assets under management.

$39B

AUM

+23 years

Track record

8.7

Quality score

17.77%

Returns

4.12%

Premium to benchmark

StepStone Private Infrastructure Fund

24.8%

StepStone Private Infrastructure Fund (STRUX) seeks to generate current income and long-term capital appreciation by providing investors with access to a globally diversified portfolio of private infrastructure assets, spanning communication and digital infrastructure (towers, data centers, and fiber), power generation and midstream (gas generation, fuel transportation, and storage), renewables and energy transition (wind and solar, energy storage, and distributed energy), social infrastructure (waste management, healthcare, and education), transportation and logistics (toll roads, airports, and seaports), and utilities (electricity distribution and transmission, district heating and cooling, and water). The portfolio is predominantly composed of secondary investments, including assets originated by leading global infrastructure managers such as KKR and EQT, with smaller allocations to co-investments and primary commitments. Equity investments are the primary underlying asset type. Geographically, STRUX's portfolio is most exposed to the United States, the United Kingdom, Germany, and France. The fund sits within StepStone Group's approximately $40 billion infrastructure platform, itself part of a global investment business managing roughly $200 billion in assets under management.

$40B

AUM

+16 years

Track record

8.6

Quality score

15.32%

Returns

3.69%

Premium to benchmark

Ares Private Markets Fund

24.7%

Ares Private Markets Fund (APMF) seeks to deliver total returns through market cycles by investing in a diversified pool of seasoned private equity assets utilizing a flexible investment strategy. APMF's portfolio is anchored in traditional limited partner (“LP”) -led secondaries, with complementary exposure to opportunistic general partner (“GP”) -led transactions, as well as strategic allocations to primaries, co- investments and structured solutions. APMF's team believes that the fund's unconstrained flexibility to allocate across the private equity secondaries market in a single portfolio affords investors an opportunity to capitalize on inefficiencies, dislocations and best capture relative value across market cycles. APMF is part of Ares's global secondaries investments business, which currently manages $32+ billion in assets and was established following Ares's acquisition of Landmark Partners in 2021. The fund is actively managed by Ares, one of the largest and most experienced alternative investment firms in the world.

$17B

AUM

+35 years

Track record

8.6

Quality score

12.42%

Returns

-0.39%

Premium to benchmark

Historical performance of funds on Heron.

Cumulative return after fees

49.7%

Historical returns

Invest with confidence.

SEC

Registered

Heron Finance is an SEC-registered investment advisor.

$1.5 trillion

Aggregate manager AUM

Exposure to managers that oversee some of the world's largest private market funds.

20+ years

Avg manager track record

Private market managers with experience navigating market cycles.

SEC

Registered

Heron Finance is an SEC-registered investment advisor.

$1.5 trillion

Aggregate manager AUM

Exposure to managers that oversee some of the world's largest private market funds.

20+ years

Avg manager track record

Private market managers with experience navigating market cycles.

Your questions answered.

See our help center

$5000 minimum investment.

Significantly lower than any of the underlying funds.

1% annual management fee.

Simple flat rate, already deducted in returns shown.

Request to sell at any time.

We aim to fulfill requests within one quarter. View the full redemption policy.

We support tax advantaged accounts like IRAs and 401ks.

Heron has partnered with AltoIRA to make this very easy. If you have an existing IRA or 401(k) account, you can transfer funds for free, or you can deposit cash through Alto. For more information, see our help center article here.

In Heron's private credit strategies, there are thousands of loans, loan defaults are rare, and most of our loans are first in line for repayment.

When you open a private credit portfolio with Heron, you gain exposure to multiple high-quality funds with over 3000 loans. These loans are 95% or more first lien. First lien debt holders are paid back before all other debt holders making the chance of a loss very low. And if one loan does have a loss, your Heron portfolio has over 3000 more loans, providing protection from a high level of diversification. Read our article to learn more about our approach to risk mitigation.

In the unlikely event that Heron goes out of business, your money is safe.

To start, we don't plan to go out of business! We are backed by large institutional investors, generating revenue, and maintaining an ample runway. As any business should, we maintain a continuity plan.

In the highly unlikely event that we did wind down the business, your money is still safe. At a high level, here's what you need to know and how it would wind down:

All LP shares of funds are held in a separate, bankruptcy-remote legal entity from the one that we use to run our day-to-day operations. Second, Heron Finance works with a qualified custodian, Inspira, that custodies said LP shares.
In the event that Heron Finance's operating entity were to shut down, we would submit redemption requests to all of the funds.
Then that separate holding entity and Inspira would work to identify a backup service provider that could manage the redemptions and work to facilitate the return of your capital.

Heron is available to US accredited investors. See what is required to qualify.

Anyone automatically qualifies as an “accredited investor” if they meet just one of the following criteria:

Income: Individual income of $200,000, or joint (with a spouse or partner) income of $300,000 for the two prior years, with the same anticipated in the current year
Net Worth: Individual or combined (with a spouse or partner) net worth of $1 million or greater, excluding your primary residence
Exam: A Series 7, 65, or 82 in good standing

You can verify your status as an accredited investor as a part of our sign-up process. The documents you need will depend on the method of verification. You only need to verify via one of the following:

Income verification: Connect your payroll provider, or upload W-2s, K-1s, 1099s, paystubs, or tax returns to verify your income
Net worth verification: Bank statements, brokerage statements, securities holdings statements, certificates of deposit, tax assessments, or appraisal reports (Note: when you use the net worth verification, we pull a “soft” credit report that will not impact your credit score.)
3rd party letter: A letter from an attorney or accountant testifying that you are accredited

To learn more about how to become accredited, see our article: 4 Easy Steps to Becoming an Accredited Investor.

Returns represent overall performance, including interest and net changes in principal (accounting for any appreciation/depreciation).

Interest typically represents the primary source. When a fund appreciates or depreciates, it reflects the changing market value of the fund's underlying assets. Month over month fluctuations are normal. This does not affect interest payments. Fund appreciation/depreciation is expected and is factored into all estimated returns.

See our help center

Get your private market portfolio recommendation.

10.2% average client return after fees

Up to 10,000+ assets in each portfolio

16+ highly ranked private market funds

Customize your portfolio

White-glove support at every step.

Get a personalized platform tour

Understand the data and past performance

Walk through your portfolio before investing

Talk to a member of our team

Charts, images, and other visual materials are for illustrative purposes only and should not be considered individualized investment advice. The strategies shown may not be suitable for all investors.

The information on this website does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Further, none of the information contained on this website is a recommendation to invest in any securities or a recommendation of any interest in any investment offered by Warbler Labs, Inc. or any of its subsidiaries (collectively, “Warbler”).

Any financial forecasts or financial returns, whether in the form of interest or appreciation displayed on this website are for illustrative purposes only and are not a guarantee of future results. Private credit investments are subject to credit, liquidity, and interest rate risk. In the event of any default by a borrower, you will bear a risk of loss of principal and accrued interest on such loan, which could have a material adverse effect on your investment. A borrower may default for a variety of reasons, including non-payment of principal or interest, as well as breaches of contractual covenants. Credit risks associated with the investments include (among others): (i) the possibility that earnings of a borrower may be insufficient to meet its debt service obligations; (ii) a borrower's assets declining in value; and (iii) the declining creditworthiness, default, and potential for insolvency of a borrower during periods of rising interest rates and economic downturn.

Any investment target return presented here is intended for informational purposes only and does not guarantee future performance or results. This model assumes no variability, including no loan defaults, fluctuations in interest rate, customer withdrawal requests, late payments, or penalties, and our management fees have remained unchanged throughout this projection. Please be aware that all investment involves inherent risks, and past performance is not indicative of future outcomes. Customers are advised to consult their own legal and tax advisers regarding their specific circumstances and needs. We do not accept any liability for any loss or damage arising from the use of this information or for any actions taken based on this information without seeking professional advice.

Private equity investments involve a high degree of risk, including the potential loss of the entire investment, illiquidity, long holding periods, limited transparency, and sensitivity to economic and market conditions. Diversification does not ensure a profit or protect against loss, and past performance is not indicative of future results. Comparisons to individual private funds, public markets, institutional portfolios, or other benchmarks are provided for illustrative purposes only. These may not represent a direct comparison, may rely on data reported by third-party managers, and may reflect differing methodologies, time periods, or investment universes. Data from underlying fund managers may be subject to reporting lag, estimation, or revision.

No communication by Heron or any of its affiliates through this website should be construed or is intended to be investment, tax, financial, accounting, or legal advice. Heron Advisory, Inc., d.b.a. Heron Finance is an SEC-registered investment advisor (RIA). Such registration should in no way imply that the SEC has endorsed the entities, products or services discussed herein.