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Private fund adviser · Wilmington, DE

Blackrock Capital Management, Inc.

SEC-registered investment adviser · CRD 108069 · SEC 801-57038

At a glance

Blackrock Capital Management, Inc. is an SEC-registered investment adviser based in Wilmington, Delaware, with $172.6 billion in regulatory assets under management as of its Form ADV filed July 9, 2026. Its largest client group by assets is pooled investment vehicles, and it reports 9 individual clients. By Form ADV it is a private fund adviser, ranked 43rd of 4,686 private fund advisers and 157th of 17,210 SEC-registered advisers by assets.

Main office 302-797-2000blackrock.comLinkedInAs filed on Form ADV

Regulatory AUM
$173B
Rank among private fund advisers
#43 of 4,686
Rank among all SEC RIAs
#157 of 17,210
Rank in Delaware
#1 of 39
Individual clients
9
High-net-worth clients
9
Accounts
31
Discretionary
100% of AUM
Employees
79
Advisory staff
75
Offices
7

Owners and executives on its Form ADV

Custody and brokerage

5 custodians

  1. State Street$2.4B34%
  2. SSB New York Institutional$2.1B30%
  3. U.S. Bank$927M13%
  4. BNY$816M12%
  5. Fidelity$763M11%

Other RIAs using State StreetOther multi-custodian RIAs

Broker-dealer

Hybrid RIA

Blackrock Capital Management, Inc. is a hybrid RIA: 28 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Blackrock Asset Management Deutschland AG, Blackrock Execution Services, Blackrock Investments, LLC, Blackrock Japan Co., LTD., HPS Securities, LLC and Ishares (de) I Investmentaktiengesellschaft MIT Teilgesellschaftsvermagen.

Its Form ADV brochure (filed March 2026) names HPS Securities as the broker-dealer its advisers are registered with.

Certain persons of HPS are registered representatives of HPS Securities.

Other hybrid RIAs

Who it serves

Client typeClientsRegulatory AUMShare
Pooled investment vehicles4$167B97%
Corporations or other businesses–$1.8B1%
High-net-worth individuals9$1.8B1%
State or municipal government entities–$1.5B<1%
Charitable organizations–$129M<1%

Private funds

Blackrock Capital Management, Inc. reports 8 private funds with $149B in gross assets: hedge funds, liquidity funds (Form ADV Item 7.B).

Disciplinary disclosures

Blackrock Capital Management, Inc. answers yes to 27 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 individuals and small businesses
  • Portfolio management for pooled investment vehicles
  • Portfolio management for businesses and institutions
  • Selecting other advisers

How it’s paid

  • A percentage of assets under management
  • Fixed fees
  • Performance-based fees

Form ADV and brochures on the SEC’s adviser search ↗blackrock.com ↗

AtlasMembers

The full record on Blackrock Capital 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, ten years of filings
Locked
Growth over one, three and five years
Locked
Rank against 136 peers of its type and size
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Owners and executives, with titles and stakes
9 namedLocked
Main office, fax and compliance officer
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Filing changes this year, with alerts
2Locked
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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 Blackrock Capital Management, Inc. manage?

Blackrock Capital Management, Inc. reports $172.6 billion in regulatory assets under management across 31 accounts, 100% of it on a discretionary basis, on its Form ADV filed July 9, 2026.

What kind of firm is Blackrock Capital Management, Inc.?

Blackrock Capital Management, Inc. is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets. It reports a bank or thrift among its related persons. A public reporting company controls it.

Who are Blackrock Capital Management, Inc.’s clients?

By assets, its largest client types are pooled investment vehicles ($167.3 billion, 4 clients); corporations or other businesses ($1.8 billion); high-net-worth individuals ($1.8 billion, 9 clients).

Does Blackrock Capital Management, Inc. manage private funds?

Yes. It reports 8 private funds with $148.8 billion in gross assets, including hedge funds, liquidity funds.

Does Blackrock Capital Management, Inc. have any disciplinary history?

Blackrock Capital Management, Inc. answers yes to 27 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 Blackrock Capital 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 (2026-07-09), 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 →