HEGARTY INVESTMENT LOGIC

Brian Hegarty, the firm's managing partner, is the sole named decision-maker on the firm's SEC Form ADV filings. The firm's regulatory disclosures do not list additional portfolio managers or an investment committee, consistent with a lean advisory and principal-investment structure where underwriting authority is concentrated with the founder.

The firm underwrites production loans and content library acquisitions against contractually defined cash flows — including distribution agreements, tax credits, and pre-sales — rather than speculative box-office performance. This asset-backed approach treats each film or television project as a defined-revenue pool, with Hegarty typically participating through debt instruments, revenue-participation agreements, or direct equity in the underlying content rights.

The RIA structure separates Hegarty's investment operations from the creative and operational risks of a studio or production company while imposing fiduciary obligations that traditional entertainment lenders do not carry. This architecture also enables the firm to hold both debt and equity positions in the same content project, a flexibility that regulated bank lending groups and specialty-finance lenders typically avoid due to capital treatment and conflict-of-interest constraints.

The firm's disclosed focus centers on independent film, television, and digital media projects where distribution contracts and tax credits provide defined collateral value. Studio productions — which are typically financed through corporate facilities, slate deals, or bank-led syndicates — do not appear in Hegarty's publicly described mandate, though the firm has not explicitly excluded them.

Hegarty Investment Logic is registered as an investment adviser, which permits the firm to manage outside capital. However, its public filings do not disclose separately managed accounts for external limited partners, pooled investment vehicles, or a fund structure. The firm appears to deploy proprietary capital alongside any advisory relationships, though the precise mix of internal and external capital remains undisclosed (per SEC filings, 2019–2023).