Heirloom Equity · Private Equity
We partner with investors to acquire and originate first-position mortgage notes — long-horizon private equity with discipline a fund prospectus can’t fake.
Track Record
Investment Philosophy
01
We don't reinvent what already works. We study operators who've returned capital through full market cycles, adopt their discipline, and avoid mistakes already documented in the record.
02
Every position is marked against a thesis written down before we enter. Unrealized gains are not results. Results are cash returned, net of time and risk.
03
We size every position so a single loss is recoverable. No fund-of-funds dressed up as diversification, no headline concentration masquerading as conviction.
Where We Invest
01 · Note Purchase
We acquire first-position residential mortgage notes and land contracts. In the performing book we buy yield; in the non-performing book we create it — through re-performance, refinance, or orderly resolution.
02 · Note Origination
Direct private lending to real estate investors, land buyers, and single-family owners. Conservative loan-to-value, first-lien security, and underwriting judgment no lending desk can reproduce.
On Why It Exists
“We named the firm Heirloom because the point isn’t a single fund vintage — it’s a track record future family and future partners can still read in twenty years.”
Peter Halliday
Manager · Heirloom Equity
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