Fund History
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.
First Investors for the Fund
The Fund’s IPO on December 16, 2013 brought the first investors into the Fund.
First Loan Closing for the Fund
The Fund closed on its first loan for $1.3 million on January 30, 2014.
Fund Closes on Loan to Put Its Cumulative Total Past $50 Million
The Fund surpasses $50 million in assets on September 1, 2015.
Fund Transitioned to Bluestone Capital Partners
Bluestone Capital Partners took over as The Fund’s Interim Investment Adviser effective March 1, 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.
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”.
First Loan Closing Post Bluestone Transition
In September 2019 the Fund closed on its first 504 loan after the Bluestone transition.
Fund Expands Portfolio with USDA Rural Development Loan Programs
Fund expands its investment options to include participations in loans issued under the USDA’s Rural Development loan programs.
Name of the Fund Changed to Equalize Community Development Fund
The Fund’s name changed from “Bluestone Community Development Fund” to “Equalize Community Development Fund” effective February 18, 2022. At the same time, The Fund’s ticker symbol was changed from “BLUCX” to “EQCDX”.
Fund Improves Liquidity Options for Investors
The Fund approved a change in its policy on repurchase offers from its traditional once per year schedule to a new quarterly schedule. Under this schedule, the Fund will offer to repurchase up to 5% of fund shares each quarter, instead of the previous 10% of fund shares annually.
The Equalize Community Development Fund is distributed by J. Alden Associates, Inc. which is an affiliate of Equalize Capital.