While we don’t anticipate that happening, we’ve built Heron to serve clients' best interests even in a worst-case scenario.
Heron is structured as a bankruptcy-remote, special-purpose entity. This means it is legally separate from our parent operating company and affiliates, and creditors of those other entities have no claim to your investments. Major corporate actions—such as filing for bankruptcy—require approval from an independent director, whose sole duty is to serve clients' best interests.
In the unlikely event that Heron ever did dissolve, an orderly wind-down process would take place:
Custody: Your holdings are custodied with Inspira Financial, an independent, qualified custodian.
Third-party oversight: A backup servicer would be appointed to work with Inspira and the underlying fund managers to process redemptions.
Independent governance: An independent director would oversee and approve key actions in the wind-down, ensuring decisions are made in client’s best interests.
Return of capital: The servicer’s role would be to oversee distributions and ensure your capital is returned.
To further reinforce this structure, we engaged Greenberg Traurig, a leading global law firm, to issue formal legal opinions confirming Heron’s bankruptcy-remoteness. Copies of these opinions are available upon request.