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Enterstate provides tailored fundraising and capital solutions to private equity and real estate managers , so they can focus their efforts on deal sourcing and execution

Private Markets Placement for Private Equity Funds & Direct Real Estate

Connecting Exceptional Managers & Operators with Global Capital

Founded in 2018, Enterstate Capital, Ltd. (“Enterstate”) is a boutique capital markets advisory firm focused exclusively on raising equity across two complementary business lines:
 

  • Private Equity & Alternative Investment Funds - placing equity for private markets managers across a range of investment strategies, including growth, buyout, venture capital, debt, and credit. We typically raise LP fund commitments, seed and anchor capital for funds, and operating company equity.
     

  • Direct Real Estate Capital Raising - raising equity for real estate acquisitions and developments across multifamily, industrial, retail, office, and other niche strategies such as self-storage, healthcare, and hospitality. Typical equity structures we raise include real estate joint venture equity (JV Equity), co-GP equity, preferred equity, and operating company equity.

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​We have relationships with some of the largest and most sophisticated investment groups globally, including private equity and real estate funds, pension plans, life insurance companies, and sovereign wealth funds, as well as discreet, “under-the-radar” family offices and private investment firms.

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Our investor relationships are located in the US, Europe, UAE, and the Middle East.

Enterstate is an entrepreneurial firm with an institutional mindset. Over a span of 15 years, our Principals have been involved in over $1 billion of Private Equity and Real Estate deals

How We Help

Delivering Capital Solutions Aligned with Your Strategy

  • Equity-only focus for sharper targeting and messaging

  • LP Mapping by mandate, pacing, check size, and historical appetite

  • Institutional-Grade Materials, providing concise positioning, data-backed narratives

  • Process Design including sequencing, cadence, diligence readiness, close tactics

Our Outsourced Investor Outreach Office provides private markets managers with an institutional-quality Investor Relations function in a retainer-based model, delivering the impact of a dedicated IR team without the overhead of building one in-house.

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  • Institutional-Grade IR – professional outreach and reporting standards investors expect

  • Dedicated Coverage – consistent engagement with current and prospective LPs

  • Scalable Model – flexibly expands as fundraising needs evolve

  • Cost-Effective – benefits of an IR funcion without the in-house overhead

Outsourced Investor Outreach Office

Private Equity & Fund Placement

We connect private equity and alternative investment managers with institutional capital across multiple strategies

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  • Growth Equity, Buyout, Venture, Credit, Secondaries, Niche Strategies, and Fund-of-Funds
    Real Assets and Infrastructure 

  • Emerging Manager Programs & First Time Funds


Our role extends beyond capital raising.  We advise on positioning, messaging, and investor engagement to help managers build durable LP relationships and achieve successful fund closes.

Direct Real Estate Joint Ventures

We raise equity capital for real estate sponsors in both direct transactions and programmatic partnerships
 

  • Joint Venture Equity

  • Co-GP Equity

  • Preferred Equity

  • Operating Company Investments

 

Our exclusive focus on equity, as opposed to debt, provides us an edge in the market, as we have been able to foster relationships with a large network of investors that are active in the real estate equity market.

Leadership

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Heidi H. Shiachy, Founder & CEO

Launched and led by Heidi H. Shiachy, an experienced Private Equity and Real Estate investments veteran, Enterstate seeks to provide complete equity solutions to quality private markets managers, allowing them to access capital in the U.S. and abroad. Ms. Shiachy has been involved in numerous high-profile Private Equity, Real Estate, M&A, and buyout transactions. Prior to founding Enterstate, Ms. Shiachy led the due diligence division of a NY-based Private Equity group that manages anchor and seed investments in Private Equity Managers. In this capacity, Ms. Shiachy sourced and facilitated the formation of five underlying funds, including a Private Credit fund in California, Real Estate multifamily fund based in TX and a hospitality-focused fund based in MA. Prior to that, Ms. Shiachy worked at the Private Group of Hapoalim Securities USA Inc., overseeing a portfolio of GP-level interests in funds and direct deals, with aggregate commitments of $1.8 billion AUM. Before that, Ms. Shiachy was an associate with the Corporate Group of Weksler, Bregman & Co., where she advised the exclusive franchisee in Israel for the hotel chains branded as “Crowne Plaza” and “Holiday Inn” on their acquisition activities. 

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Ms. Shiachy holds an LL.M. from the University of Chicago, where she was awarded the Gruss-Lipper Fellowship, and an LL.B. with a dual degree in Law and Economics from The Hebrew University of Jerusalem.  Ms. Shiachy is a registered attorney in the State of New York.

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Ms. Shiachy is a Registered Representative of BA Securities, LLC, Member FINRA SIPC.

 

Leadership

© Copyright 2025. Enterstate Capital, Ltd. All Rights Reserved. 

Important Disclaimer: Enterstate Capital, Ltd. (with its affiliates, principals, and control persons referred to herein “Enterstate”) is not a United States registered broker-dealer, securities dealer, or investment adviser. Control persons of Enterstate Capital, Ltd. are Registered Representatives of BA Securities, LLC (“BA Securities”), Member FINRA SIPC (CRD# 153489). Securities Products in the U.S. are offered through BA Securities. Enterstate and BA Securities are separate, unaffiliated entities. This website and all related information is subject to important disclaimer, please click on the following link or cut and paste the link into the address bar of your browser: http://basecuritiesllc.com/disclosure. Be sure to visit such disclosure page before considering investing. This website and any related documents or pages are never to be considered a solicitation for any purpose in any form or content. This website is not directed at prospective investors in any jurisdiction. The information on this website does not constitute the provision of investment, tax, legal or other professional advice. All parties involved, including the buyer/investor and seller/sponsor, should consult with their legal, financial and other advisers before consummating any investment, and conduct their own independent due diligence of each opportunity.  Prospective investors should not rely on any of the information on this website to make any investment decision and should review only formal offering materials in connection with any investment opportunity. Nothing in this website should be considered an offer of securities or the solicitation of an offer to acquire securities of any type. Any testimonial or endorsement presented may not be representative of the experience of other customers and is no guarantee of future performance or success.

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