Private fund adviser
Black Dragon Capital Investment Management, Inc
Black Dragon Capital Investment Management, LLC · SEC-registered investment adviser · CRD 312404 · SEC 801-130181
At a glance
Black Dragon Capital Investment Management, Inc is an SEC-registered investment adviser based in United States, with $396 million in regulatory assets under management as of its Form ADV filed April 3, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 3,303rd of 4,686 private fund advisers and 8,846th of 17,210 SEC-registered advisers by assets.
blackdragoncap.comAs filed on Form ADV
- Regulatory AUM
- $396M
- Rank among private fund advisers
- #3,303 of 4,686
- Rank among all SEC RIAs
- #8,846 of 17,210
- Clients
- 15
- Accounts
- 15
- Discretionary
- 100% of AUM
- Employees
- 46
- Advisory staff
- 14
- Offices
- 25
Owners and executives on its Form ADV
- Louis HernandezChief Executive Officer
- Wade C. BoylanChief Compliance Officer
- A. C. DucanesGeneral Counsel
Custody and brokerage
Custodian
Black Dragon Capital Investment Management, Inc’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 15 | $396M | 100% |
Private funds
Black Dragon Capital Investment Management, Inc reports 15 private funds with $396M in gross assets: private equity funds (Form ADV Item 7.B).
Disciplinary disclosures
Black Dragon Capital Investment Management, Inc answers yes to 5 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗blackdragoncap.com ↗
AtlasMembers
The full record on Black Dragon Capital Investment Management, Inc
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 2 years of filings
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- Growth over one, three and five years
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- Rank against 2,223 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Black Dragon Capital Investment Management, Inc manage?
Black Dragon Capital Investment Management, Inc reports $396 million in regulatory assets under management across 15 accounts, 100% of it on a discretionary basis, on its Form ADV filed April 3, 2026.
What kind of firm is Black Dragon Capital Investment Management, Inc?
Black Dragon Capital Investment Management, Inc is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Black Dragon Capital Investment Management, Inc’s clients?
By assets, its largest client types are pooled investment vehicles ($396 million, 15 clients).
Does Black Dragon Capital Investment Management, Inc manage private funds?
Yes. It reports 15 private funds with $396 million in gross assets, including private equity funds.
Does Black Dragon Capital Investment Management, Inc have any disciplinary history?
Black Dragon Capital Investment Management, Inc answers yes to 5 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Black Dragon Capital Investment Management, Inc’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-04-03), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →