Bh3 Fund Advisors LLC
BH3 Management is a vertically integrated real estate investment manager, operator and developer.
In the firm's own words, from its website.
3 additional team members, 3 events, 1 verified contact (1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Nothing material in the last 180 days.
People to know
View all people- General Counsel & Chief Compliance OfficerWhy: General Counsel & Chief Compliance Officer at the firmNo route on file yet
- Chief Operating OfficerWhy: Chief Operating Officer at the firmNo route on file yet
- Chief Financial OfficerWhy: Chief Financial Officer at the firmNo route on file yet
Relationship network
9 connected entities
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Bh3 Fund Advisors LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Bh3 Fund Advisors LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
1 company on record, 0 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Project | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- Sectors
- not stated or not yet read
- Stages
- growth
- Geography
- colorado, denver, miami, new york
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
6 current, 1 departed
Decision makers
No one at this firm holds a partner, managing director or investment-lead title on record yet; the people named here are listed below by function.
Who else at this firm · 3 people, grouped by function
- Joshua David Babbitt · General Counsel & Chief Compliance OfficerWhy this person: General Counsel & Chief Compliance Officer at the firm
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- General Counsel & Chief Compliance Officer
- Chief Operating Officer
- Chief Financial Officer
1 departed (kept with end dates)
- Jarret Craig Freedman · Chief Financial Officer · Oct 1, 2018 to Mar 28, 2024 Inference
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
2 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Bh3 Heritage Fv I LLC | Fund · ADV: Private Equity Fund | 2024 adv first reported | Early deployment | $28.2M Jul 7, 2026 | 23 | unknown | unknown |
| Bh3 Heritage Fv II LP | Fund · ADV: Private Equity Fund | 2022 form d first sale | Active deployment | $35.2M Jul 7, 2026 | 55 | $12.8M of $15.0M | Apr 7, 2022 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
0 co-investors · on 5 other DFX graphs
Co-investors
Across DFX and the capital chainon 5 other DFX graphs ShowHide
- Family office profile (matched by same CRD)
- Sponsor-market profile (matched by same CRD)
- The same institution is held on Independent Sponsors, Private Equity, RIA and Wealth, Family Offices, Private Credit, matched by identifier. See which records
Bh3 Fund Advisors LLC is the same institution as 5 records in Independent Sponsors, Private Equity, RIA and Wealth, Family Offices and Private Credit.
DFX found 5 relationships across 5 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Evidence and history
8 dated events, 40 observations from 3 sources
Timeline
- seen on or beforeSep 24, 2026Bh3 Fund Advisors LLC: PE_WITH_VENTURE_ACTIVITY -> CANDIDATE_VC (no sworn venture fact yet (name or round mention only))Classification changedClassificationInference
- Mar 28, 2024Bh3 Heritage Fv I LLC first reported on Form ADV by Bh3 Fund Advisors LLC (Private Equity Fund), GAV $5,991,185
- Mar 28, 2024Jarret Craig Freedman (Chief Financial Officer) no longer on Schedule A of Bh3 Fund Advisors LLC
- Sep 1, 2023Omar Nmn Rayes joined Schedule A of Bh3 Fund Advisors LLC as Chief Financial Officer
- Mar 31, 2023Bh3 Heritage Fv II LP first reported on Form ADV by Bh3 Fund Advisors LLC (Private Equity Fund), GAV $15,009,500
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Jul 7, 2026 · 8 private fundsShowHide
- Headquarters
- Fort Lauderdale, FLadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- bh-3.com
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Jul 7, 2026
- Private funds reported
- 8 (0 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $578Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $176Mthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 28
Classification history
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 24, 2026Candidate (candidate, 50%)No sworn venture fact yet (name or round mention only)
- Sep 23, 2026Private equity with venture activity (probable, 75%)Registered adviser; venture funds are 0% of 8 private funds
- Sep 12, 2026Private equity with venture activity (probable, 75%)Registered adviser; venture funds are 0% of 12 private funds
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| SEC adviser type | Registered investment adviser | Jul 7, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | May 7, 2024 | Fact | Form ADV |
| First Form ADV filing | 2018-11-06 | Jul 7, 2026 | Fact | Form ADV |
| First Form ADV filing | 2018-11-06 | May 7, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-07-07 | Jul 7, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-05-07 | May 7, 2024 | Fact | Form ADV |
| Venture share of reported funds | 0 | Jul 7, 2026 | Fact | Form ADV |
| Venture share of reported funds | 0 | May 7, 2024 | Fact | Form ADV |
| Business phone | May 7, 2024 | Fact | Form ADV | |
| Description | Sep 16, 2026 | Fact | ||
| Employees | 28 | May 7, 2024 | Fact | Form ADV |
| Headquarters | Fort Lauderdale, FL | May 7, 2024 | Fact | Form ADV |
| Office address | May 7, 2024 | Fact | Form ADV | |
| Portfolio page | Sep 16, 2026 | Fact | ||
| Private funds reported | 8 | Jul 7, 2026 | Fact | Form ADV |
| Private funds reported | 12 | May 7, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $578M | Jul 7, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $351M | May 7, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $176M | May 7, 2024 | Fact | Form ADV |
| Stated geography | Colorado, denver, miami, new york “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | growth “stage words on the home page” | Sep 16, 2026 | Fact | |
| Team page | Sep 16, 2026 | Fact | ||
| Venture funds reported | 0 | Jul 7, 2026 | Fact | Form ADV |
| Venture funds reported | 0 | May 7, 2024 | Fact | Form ADV |
| Website | May 7, 2024 | Fact | Form ADV | |
| Site title | Sep 16, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersCandidate, candidateShowHide
No sworn venture fact yet (name or round mention only)
- importance
- gav: 0 · funds: 0 · people: 0 · investments: 0 · scale basis: Venture-typed funds only (Candidate): 0 funds, $0M of $63M reported · co investors: 0
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
- emerging manager
- fund count: 2 · reported gav: $63.4M · first adv filing: 2018-11-06 · years since first filing: 7.9
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Organization classification changed2026-09-24
- Fund refused2026-09-14
- Fund refused2026-09-14
+2 more changes on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.
Not yet on record: investment team.