Private fund adviser · Milwaukee, WI
Black Maple Capital Management LP
SEC-registered investment adviser · CRD 168385 · SEC 801-78645
At a glance
Black Maple Capital Management LP is an SEC-registered investment adviser based in Milwaukee, Wisconsin, with $353 million in regulatory assets under management as of its Form ADV filed March 30, 2026. Its largest client group by assets is pooled investment vehicles, and it reports 5 individual clients. By Form ADV it is a private fund adviser, ranked 3,408th of 4,686 private fund advisers and 9,374th of 17,210 SEC-registered advisers by assets.
Main office 414-294-7777blackmaplecapital.comAs filed on Form ADV
- Regulatory AUM
- $353M
- Rank among private fund advisers
- #3,408 of 4,686
- Rank among all SEC RIAs
- #9,374 of 17,210
- Rank in Wisconsin
- #102 of 195
- Individual clients
- 5
- High-net-worth clients
- 5
- Accounts
- 8
- Discretionary
- 100% of AUM
- Employees
- 9
- Advisory staff
- 8
- Offices
- 2
Owners and executives on its Form ADV
- Robert J. BarnardChief Executive Officer / Chief Investment Officer of Black Maple Capital Management LP
- Veton NimaniChief Risk Officer of Black Maple Capital Management LP
- Michael A. RothPassive Limited Partner of Black Maple Capital Management LP
- Brian R. GemollChief Financial Officer of Black Maple Capital Management LP
- Benjamin J. EversChief Compliance Officer / Anti-Money Laundering Compliance Officer of Black Maple Capital Management LP
- Brian J. StarkPassive Limited Partner of Black Maple Capital Management LP
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 3 | $198M | 56% |
| High-net-worth individuals | 5 | $155M | 44% |
Private funds
Black Maple Capital Management LP reports 3 private funds with $198M in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Black Maple Capital Management LP reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- 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 ↗blackmaplecapital.com ↗
AtlasMembers
The full record on Black Maple Capital Management LP
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, ten years of filings
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- Growth over one, three and five years
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- Rank against 2,173 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 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 Maple Capital Management LP manage?
Black Maple Capital Management LP reports $353 million in regulatory assets under management across 8 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 30, 2026.
What kind of firm is Black Maple Capital Management LP?
Black Maple Capital Management LP is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Black Maple Capital Management LP’s clients?
By assets, its largest client types are pooled investment vehicles ($198 million, 3 clients); high-net-worth individuals ($155 million, 5 clients).
Does Black Maple Capital Management LP manage private funds?
Yes. It reports 3 private funds with $198 million in gross assets, including hedge funds.
Does Black Maple Capital Management LP have any disciplinary history?
Black Maple Capital Management LP reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Black Maple Capital Management LP’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 (2026-03-30), 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 →