Manager · SEC CRD 112226
Hearthstone MS
Real Assets
Funds with performance
3
LP investors
2
Public LPs disclosing at least one fund
SEC regulatory AUM
$2.44B
As of 2025-12-31
The franchise by vintage
Funds disclosed by public LPs, by strategy and vintage year. Dot area is the number of funds raised that year.
Funds
Funds managed by Hearthstone MS
Fund Name | Strategy | Sub-Strategy | Geography | Vintage | IRR | TVPI | DPI | As-of Date | Gross AUM | LPs |
|---|---|---|---|---|---|---|---|---|---|---|
| Hearthstone MS II Homebuilding Investors | Real Assets | Real Estate Equity | North America | 1999 | 26.7% | 1.40x | 1.38x | 2026-03-31 | — | 1 |
| Hearthstone MS III Homebuilding Investors | Real Assets | Real Estate Equity | North America | 2003 | 24.6% | 3.50x | 3.45x | 2026-03-31 | — | 1 |
| Hearthstone Multi-State II Homebuilding Partners | Real Assets | Real Estate Equity | North America | 1998 | 29.9% | 1.56x | 1.56x | 2026-06-30 | — | 1 |
LP Investors
Limited partners invested in Hearthstone MS funds
| LP Name | Type | Location | Funds Invested |
|---|---|---|---|
| Contra Costa County Employees' Retirement Association | public_pension | CA | 1 |
| Dallas Police & Fire Pension System | public_pension | TX | 2 |