Diligence memo · auto-generated · as of July 2, 2026
Heritage Fund I, LLC
Heritage Fund I, LLC looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Heritage Fund I, LLC operates in Lodging and Conventions, based in Albuquerque.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Heritage Fund I, LLC has raised $9.8M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $5.5M on 2012-04-20.
Most recent recorded round closed around 2012-04-20.
Valuation (modeled)modeled
Provath models Heritage Fund I, LLC at approximately $26M (range $6.6M–$140M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.00× the median modeled value of Series A Lodging and Conventions companies in 2010–2012 (7 peers) — value vs value, same stage and era. Within the normal band (100% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 14.2 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.3× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 86% of Lodging and Conventions peers (514 compared).
Modeled value ranks above 82% of those peers.
Closest niche peers: Boylston Hotel LLC, Ann Arbor Lodging Properties, LLC, Southern Star Courts I, Lp, Arkansas Lodging Properties, LLC, Chandler Spectrum Lodging Investors II, LLC.
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.