Researcher-led business diligence for nuanced, contested situations — sources recruited for the question, interviews led by senior researchers, findings synthesized into a structured read. Pre-LOI through underwriting.
Expert networks sell access: a panel, a screener, and calls your analyst runs and synthesizes. A Heron engagement is a conducted investigation — we design the sample, source the people, lead the interviews, and deliver the answer. The same discipline behind the management and public records practices that have long defined the Blue Heron brand, applied to the business itself.
Pre-LOI screening and confirmatory diligence on a target — before capital is committed.
Evidence the investment committee can rely on when the model meets the market.
Thesis work on public names — testing what the filings alone can't tell you.
Structured, ethically sourced interviews with operators, customers, competitors, and senior executives across global markets — organized around the questions the investment actually turns on.
How buyers choose, what they pay for, and whether they would buy again.
How rivals position against the target, and where the pressure is coming from.
How the product actually reaches the market — the partners and incentives behind the volume.
Where power sits — concentration, switching costs, and the dynamics that set pricing.
Add AI-led interviews when the question needs breadth — twenty to a hundred customers, channel partners, or competitors, in hours. Pair it with management diligence on the same company — one engagement covering the business and the people who run it. Add public records diligence for the record behind both.
We define the questions the investment turns on — together, before any calls are made.
Curated, vetted source networks built around the target's market.
Senior researchers leading complex, high-impact conversations.
Findings synthesized into a structured report built for the decision at hand.
Interview findings synthesized into a structured report — organized around the questions scoped at the start.
Our compliance framework →Illustrative engagement - composite reflects typical scope, not a specific client.
“I'd rate the quality of Blue Heron's research a 10/10. The process was smooth and beneficial. I'd happily recommend Blue Heron to a friend or colleague.”
“Your work has added some plot twists that are definitely interesting and worth having unearthed.”
A former SEC regulator is involved in our compliance processes.
Every interview is reviewed before it reaches you — AI-assisted screening for MNPI, anonymization and defamation, followed by a read by the compliance team and a formal escalation path for anything sensitive. Nothing is delivered until that review is satisfied. On an expert-network call the client hears the content live; here the review sits between the interview and the client. Researchers are also trained on MNPI protocols before their first interview, and compliance is built into scoping, sourcing and interview design.
Every interview is recorded, transcribed, archived, and tagged. Our methodology is transparent and fully documented, ready for review by compliance teams and investment committees.
Engagements are confidential. Work is structured so your interest is never signaled to the target or the market.
Bring us the target or the thesis. We'll bring the people who know.
Prefer email? sales@heron-intelligence.com