Hera Investment Funds

What Hera Investment Funds does

Hera Investment Funds Inc. is a privately held Mortgage Investment Corporation (MIC) headquartered in North Vancouver, British Columbia. Founded in April 2014 by Afshin Doust and now led by CEO Stella Liao, CPA CGA (since January 2019), the company raises capital by issuing Class B Preferred Shares to investors and deploys that capital as secured mortgages in metropolitan British Columbia. The portfolio spans residential, commercial, and construction loans, underwritten with a conservative 52% weighted-average loan-to-value ratio. Hera has reported an 8.50% average annual return to investors since inception with no realized losses, positioning it as a niche, loss-averse alternative lender operating in a single Canadian province.

The business model is a spread-and-fee model typical of MICs: Hera earns the difference between the interest rate charged on its mortgage book and the return paid to Class B Preferred Share holders, supplemented by mortgage origination and renewal fees. Capital distribution runs through two channels — Drake Financial as Exempt Market Dealer (EMD) for non-registered investors, and Western Pacific Trust for registered accounts (e.g., RRSP, TFSA) — while back-office accounting and tax compliance are handled by Cobbett & Cotton. An investor portal and dividend reinvestment plan are referenced as investor servicing features.

Operationally, Hera runs a lean structure of 1-10 employees, reflecting an efficient-scale approach that relies on local BC underwriting knowledge and partner distribution rather than technology-led or data-driven differentiation. The single-province focus creates geographic concentration in borrower exposure but also allows tight underwriting oversight. There is no public disclosure of AUM, loan book size, or revenue, limiting external visibility into scale and growth.

Name

Hera Investment Funds

Legal name

Hera Investment Funds Inc.

Website

https://herafunds.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Hera Investment Funds is a British Columbia-based Mortgage Investment Corporation that raises capital via Class B Preferred Shares and deploys it into secured residential, commercial, and construction mortgages across metropolitan BC.

Ownership category

akta.pro rank

Product category

Mortgage Investment Corporation

NAICS

Other Financial Investment Activities (5239), Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Private Credit / Direct Lending (FSAAAHAG)

akta.pro secondary industry

Middle-Market Lending (FSANADAI)

Keywords

• Mortgage investment corporation
• Preferred share investing
• Secured mortgage lending
• Real estate backed investments
• Short term mortgages

Headquarters

HQ city

North Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Others, Marketing or Sales

Revenue model

1. Mortgage Interest Income: Hera raises capital by issuing preferred shares to investors, then deploys that capital into secured mortgages (first mortgages, second mortgages, and selective commercial mortgages) in British Columbia metropolitan areas. Interest income collected from borrowers is distributed quarterly to shareholders as dividends. Revenue is generated as the spread between mortgage interest rates charged to borrowers and the returns distributed to investors.
2. Mortgage Origination Fees: Brokers submit mortgage applications to Hera; the company collects broker fees from mortgage proceeds. This represents a secondary income stream alongside interest income.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Hera Investment Funds operates as a Mortgage Investment Corporation (MIC) that pools capital from investors through Class B Preferred Share subscriptions and deploys that capital as secured first, second, and selective commercial mortgages on residential and commercial properties in British Columbia metropolitan areas. Interest income collected from borrowers is distributed quarterly to shareholders, while mortgage brokers channel borrower deal flow into the fund in exchange for broker fees collected from mortgage proceeds.

Product overview

Hera Investment Funds operates as a Mortgage Investment Corporation (MIC) offering a single unified investment product centered on Class B Preferred Shares. The company pools investor capital through share subscriptions and deploys it as secured mortgages (first mortgages, second mortgages, and commercial mortgages) to borrowers in British Columbia metropolitan areas. Supporting infrastructure includes an online Mortgage Calculator tool for broker partners and a secure Investor Portal (via Finhub) for investors to track portfolios and access statements in real time. The portfolio generates returns distributed quarterly to shareholders, with options for cash dividends or dividend reinvestment with compound interest.

Differentiator

Problem solved

Functional benefit

Products and services

• Class B Preferred Shares Preferred shares offered by Hera Investment Funds Inc. to accredited and retail investors via an Exempt Market Dealer; capital is pooled and deployed as secured mortgages in BC, with returns distributed as quarterly dividends (or reinvested for compound interest).
• Mortgage Lending Products (First, Second, and Commercial Mortgages) Secured mortgage products issued to individual and corporate borrowers in BC metropolitan areas with terms of 3–13 months, open structure with no pre-payment penalties, interest-only payments, and LTVs up to 85%.
• Investor Portal (Finhub) A personalized secure online portal provided through Finhub that enables Hera investors to track their portfolio in real time, access statements, and manage their investments.

Quantifiable outcome

• Average annual return of 8.50% since inception (as of April 2026)
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and supporting.

• Western Pacific TrustcoreChannel Partner/ Reseller/ DistributorWestern Pacific Trust is the required trustee for investors who wish to hold Hera preferred shares within registered accounts (RRSP, TFSA). Investors must open an account with Western Pacific Trust to invest through registered funds. This is essential for the registered account investment pathway.
• Cobbett & CottonsupportingImplementation/ SI/ Consulting PartnerCobbett & Cotton is a law firm listed as a partner on Hera's About Us page, suggesting a legal services relationship for Hera's mortgage and corporate legal matters.
• Fairhall ZhangsupportingImplementation/ SI/ Consulting PartnerFairhall Zhang is a professional services firm listed as a partner on Hera's About Us page, providing accounting, tax, or advisory services to Hera Investment Funds.
• ValcsupportingImplementation/ SI/ Consulting PartnerValc is a professional services firm listed as a partner on Hera's About Us page, likely providing financial or advisory services to the fund.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/herafunds
• LinkedInlinkedin.com/company/hera-investiments
• Instagraminstagram.com/herafunds

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hera Investment Funds