# Dorval & Chorne Financial Advisors

Dorval & Chorne Financial Advisors is a Multi Family Office based in Maple Grove, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Maple Grove, United States
- **Region:** North America
- **Address:** Chanhassen, MN, United States
- **Assets under management:** Undisclosed
- **Website:** dorval-chorne.com

## Regulatory record

- **CRD number:** 309512
- **SEC file number:** 801-129114
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/309512

## About

DORVAL & CHORNE FINANCIAL ADVISORS is an SEC-registered investment adviser in MAPLE GROVE, MN, registered since 2023. The firm manages $374 million in assets, with $337 million on a discretionary basis. It has 7 employees and 3 investment advisers.

## Sectors

- Private Credit

## People

- Michael Dorval — Founder and CEO

## Questions

### Who runs investment decisions at Dorval & Chorne?

Michael Dorval, the firm's founder and CEO, leads all investment structuring and credit underwriting. Dorval holds regulatory registrations as an investment adviser representative and insurance professional, and he personally signs off on every loan the firm originates. No external investment committee overrides his credit decisions, giving the firm a single point of accountability that family-office allocators often prefer over institutional committee structures.

### Does Dorval & Chorne operate as a pooled fund or on a deal-by-deal basis?

The firm uses deal-specific Special Purpose Vehicles (SPVs) rather than a blind-pool fund. Investors review each underlying loan opportunity and opt in per deal, which gives limited partners full transparency into collateral, borrower credit, and loan covenants before committing capital. This SPV structure avoids the commitment-fee drag typical of closed-end private-credit funds and allows families to manage their own pacing.

### What types of debt does the firm originate?

Dorval & Chorne focuses on senior secured lending, including bridge financing, construction loans, and acquisition credit. The collateral pool is heavily concentrated in real estate assets — commercial and residential — predominantly in the Upper Midwest. The firm does not target unsecured mezzanine or equity co-investments, keeping the risk profile at the top of the capital stack.

### What is the firm's fee structure?

Dorval & Chorne charges fees only on deployed capital, not on committed but uncalled capital. This is a deliberate departure from the private-credit industry's common practice of layering management fees on commitments alongside asset-level charges. The structure appeals to family offices that have experienced fee drag in traditional drawdown funds and want a direct, principal-protected credit exposure where the manager's compensation is tied to actual loan performance.

## Related profiles

- [Doorway Property GP](https://altss.com/profile/doorway-property-gp-llc)
- [Dotch Capital](https://altss.com/profile/dotch-capital)

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Last updated: 2026-07-06T01:24:15.483Z

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