Jacob Heidkamp, JD, MBA
AREAS OF EXPERTISE
• Publicly-Registered Investments
• Non-Traded REITs
• Interval Funds
• 40 Act Funds
• BDC Market Research
• Ongoing Coverage
• Weekly Updates
Prior to his current role as Co-President of FactRight, Jacob Heidkamp served as a manager at FR Risk Management and FactRight where he worked with broker-dealers and registered investment advisors on due diligence reviews and research of alternative investment programs.
Heidkamp’s alternative investment experience includes initial due diligence and ongoing coverage of real estate investment trusts, business development companies, interval funds, 1031 exchange programs, and private placements.
Prior to working in alternative investments, he worked in structured finance valuation relating to collateralized debt obligations and financial institution mergers in St. Paul, Minnesota.
Heidkamp has a bachelor’s degree in history from the University of Minnesota and a juris doctor and MBA from the University of St. Thomas. He is licensed to practice law in the state of Minnesota.
- B.A., University of Minnesota
- Juris Doctor and M.B.A, University of St. Thomas
Recent Blogs from FactRight
- Investment Committee Best Practices for Wealth Managersby Julie Olsen on April 27, 2022 at 6:23 pm
An investment committee (IC) provides wealth management firms a formalized mechanism for improved due diligence, ongoing monitoring, and decision-making. A good IC aligns organizational goals, roles, and processes and enhances accountability, clarity of purpose, and shared knowledge among the team.
- Largest Interval Funds - A Due Diligence Guideby firstname.lastname@example.org (Gavin Aydt) on April 6, 2022 at 5:14 pm
An interval fund is a subcategory of closed-end funds and is a Regulated Investment Company (RIC), which is subject to 1940 Act regulation. Shares of interval funds are not generally “redeemable,” which is why the funds are classified as closed-end rather than open-end funds. Interval funds are so named because they must offer to repurchase shares at pre-determined “periodic intervals.” Although interval funds are closed-end funds from a legal standpoint, they also have features that are usually related to open-end funds, which is why they are sometimes described as a hybrid.
- Highlights from FactRight's RIA Spring Due Diligence Conferenceby Kate@FactRight.com (Kate Stephany) on March 23, 2022 at 4:43 pm
Was it just me, or did our most recent conference in Scottsdale feel, dare I say it, almost normal? I mean, the sun was shining, the palms were swaying, and the beer burro was melting hearts.
- Inflationary Pressures on Credit-Focused Alternative Investment Programsby email@example.com (Jacob Heidkamp) on March 3, 2022 at 6:55 pm
Inflationary pressures have increased markedly in the global economy over the last year. CPI prints have recently reached levels not visited in almost four decades.
- Using Non-Listed REIT Metrics: FFO, AFFO, and MFFO Due Diligenceby Julie Olsen on February 16, 2022 at 7:16 pm
Many real estate investment trusts (REITs) voluntarily report supplemental performance metrics. Industry organizations established non-GAAP metrics to build credibility and broader capital markets acceptance of REITs by enhancing comparability of operating performance across funds. Two decades ago, Nareit established Funds from Operations (FFO) for publicly traded REITs, and a decade ago, the Institute for Portfolio Alternatives (IPA) established Modified Funds from Operations (MFFO) guidelines for non-listed (NL) REITs. In addition, many traded and NL REITs report Adjusted Funds from Operations (AFFO) or other variations such as Core FFO and Funds Available for Distribution.