Fund History

2013

Fund Launched in 2013 by Jordan Blanchard and Robert Judge

The Fund was organized as a Delaware statutory trust on July 29, 2013 and commenced operations on December 16, 2013.

2013

First Investors for the Fund

The Fund’s IPO on December 16, 2013 brought the first investors into the Fund.

2014

First Loan Closing for the Fund

The Fund closed on its first loan for $1.3 million on January 30, 2014.

2015

Fund Closes on Loan to Put Its Cumulative Total Past $50 Million

The Fund surpasses $50 million in assets on September 1, 2015.

2019

Fund Transitioned to Bluestone Capital Partners

Bluestone Capital Partners took over as The Fund’s Interim Investment Adviser effective March 1, 2019.

2019

Shareholders Approve Bluestone Capital Partners

With greater than 99% shareholder support, Bluestone Capital Partners was approved as the permanent Investment Adviser to The Fund on April 26, 2019.

2019

Name of the Fund Changed to Bluestone Community Development Fund

The Fund’s name changed from “The 504 Fund” to “Bluestone Community Development Fund” effective May 1, 2019. At the same time, The Fund’s ticker symbol was changed from “XPNNX” to “BLUCX”.

2019

First Loan Closing Post Bluestone Transition

In September 2019 the Fund closed on its first 504 loan after the Bluestone transition.

The Bluestone Community Development Fund is distributed by Foreside Fund Services, LLC which is not affiliated with Equalize Capital or any affiliate. Foreside is not a registered investment advisor and does not provide investment advice.