Overview
Description of Advisory Services
Equalize Capital, LLC (“Equalize”, “we” or “us”) became registered as an investment adviser with the
Securities and Exchange Commission (SEC) on February 14, 2019, as Bluestone Capital Partners, LLC.
On April 14, 2021, we changed our name to Equalize Capital, LLC. Our total assets under management
as of this filing are $61,153,215, all of which are managed on a discretionary basis. Equalize Capital,
LLC is a limited liability company formed in Puerto Rico principally owned by Joseph Gladue and Lee
Calfo.
We provide discretionary asset management services to a registered investment company and one
private fund.
Asset Management Services
We provide discretionary asset management services to the Equalize Community Development Fund
(formerly known as the Bluestone Community Development Fund) (EQCDX) (the “Fund”), a registered
investment company. We make investment
decisions for the Fund and continuously review, supervise
and administer the Fund’s investment program. We invest the Fund’s assets primarily in a portfolio
of 504 First Lien Loans secured by owner-occupied commercial real estate which represent the non-
guaranteed portion of an SBA 504 transaction.
We also provide discretionary asset management services to the American Home Opportunity
Mortgage Fund, LP, a private fund (the “AHOMe Fund”). We make investment decisions for the AHOMe
Fund and continuously review, supervise and administer the Fund’s investment program. We invest
the Fund’s assets primarily in a portfolio of ITIN mortgage loans secured by owner-occupied
residential real estate. These loans are primarily 30-year, fixed rate mortgages extended to
immigrants who lack a social security number and instead pay taxes using an Individual Taxpayer
Identification Number (ITIN).