Blackrock Capital Management: AUM & Ownership

Clients

Blackrock Capital Management serves 13 clients, 9 of them high-net-worth individuals. The average client has about $13.3 billion with the firm, and high-net-worth clients hold 1% of its $172.6 billion in assets.

Regulatory assets by client type

Pooled investment vehicles4 clients97%
OtherHigh-net-worth individuals, Charitable organizations, State or municipal government entities, Corporations and other businesses3%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
High-net-worth individuals	9	$1,831,006,406	1.1%	$203.4M
Pooled investment vehicles	4	$167,315,498,877	96.9%	$41.83B
Charitable organizations	Not reported	$128,828,326	0.1%	—
State or municipal government entities	Not reported	$1,500,283,095	0.9%	—
Corporations and other businesses	Not reported	$1,844,697,085	1.1%	—
Total	13	$172,620,313,789	100%	$13.28B

High-net-worth individuals

Clients: 9
Regulatory AUM: $1,831,006,406
Share: 1.1%
Avg. per client: $203.4M

Pooled investment vehicles

Clients: 4
Regulatory AUM: $167,315,498,877
Share: 96.9%
Avg. per client: $41.83B

Charitable organizations

Clients: Not reported
Regulatory AUM: $128,828,326
Share: 0.1%
Avg. per client: —

State or municipal government entities

Clients: Not reported
Regulatory AUM: $1,500,283,095
Share: 0.9%
Avg. per client: —

Corporations and other businesses

Clients: Not reported
Regulatory AUM: $1,844,697,085
Share: 1.1%
Avg. per client: —

Total

Clients: 13
Regulatory AUM: $172,620,313,789
Share: 100%
Avg. per client: $13.28B

What it does

Blackrock Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets, fixed fees and performance-based fees.

Blackrock Capital Management advises 8 private funds.

100.0% of assets ($172.62B across 31 accounts) are managed with discretion. 33% of clients are outside the U.S., and 1 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

The filed percentages total 101%. The values below are shown as filed.

U.S. government/agency bonds: 43%
U.S. state and local bonds: 9%
Sovereign bonds: 1%
Investment grade corporate bonds: 19%
Cash and cash equivalents: 27%
Other (Other Asset Types Are Generally Structured Products, Alternatives, Loans and Delisted Securities): 2%

Custodians

Blackrock Capital Management’s client accounts are held mainly at State Street Bank & Trust, with 1% of managed assets, and SSB New York Institutional, with 1%. Blackrock Capital Management has custody of $783K for 1 clients.

Managed account assets by custodian

SSB New York InstitutionalSSB New York Institutional · Boston, MA · $2.12B1%
US Bank N.A.US Bank N.A. · Cincinatti, OH · $927.2M1%
State Street Bank & TrustState Street Bank & Trust Company · Boston, MA · $2.42B1%
OtherThe Bank of New York Mellon Sa/NV, Fidelity, All other custodians97%

Ownership and leadership

Blackrock Advisors, LLC owns 75% or more of Blackrock Capital Management, and Laurence Fink is its CEO.

Who owns the firm

Blackrock Capital Management, Inc.· the adviser

Blackrock Advisors, LLC
Control person · since September 2011
Owns 75% or more of Blackrock Capital Management, Inc.
- Blackrock Capital Holdings, Inc.
  Control person · since September 2006
  Owns 75% or more of Blackrock Advisors, LLC
  - Blackrock Financial Management, Inc
    Control person · since March 2015
    Owns 75% or more of Blackrock Capital Holdings, Inc.
    - Blackrock Holdco 2, Inc.
      Control person · since September 2006
      Owns 75% or more of Blackrock Financial Management, Inc
      - Blackrock Finance, Inc.
        Control person · since September 2006
        Owns 75% or more of Blackrock Holdco 2, Inc.

Leadership

Laurence Fink
Chief Executive Officer
Robert Kapito
President
Martin Small
Chief Financial Officer
Robert Goldstein
Chief Operating Officer
Charles Park
Chief Compliance Officer
Robert Dickson
Director
Robert Goldstein
Director
Christopher Meade
General Counsel and Chief Legal Officer
Martin Small
Director

Staff

79 employees
75 in advisory functions
3 state-registered reps
28 broker-dealer reps

Fees

Blackrock Capital Management is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.

Blackrock Capital Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Blackrock Capital Management has 6 offices, with 7 listed addresses across 7 states.

Listed office addresses by state

Delaware · 1 listed address

100 Bellevue Parkway, WilmingtonHQ

Registration details

Legal name: Blackrock Capital Management, Inc.
Headquarters: 100 Bellevue Parkway, Wilmington, DE 19809
Phone: 302-797-2000
Website: www.blackrock.com
SEC file: 801-57038
Structure: Delaware corporation
Fiscal year end: December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Blackrock Capital Management have?

Blackrock Capital Management has 13 clients and manages $172.6 billion for them, as of July 2026. They include 9 high-net-worth individuals and 4 pooled investment vehicles.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 9 July 2026

What services does Blackrock Capital Management offer?

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Blackrock Capital Management use?

Blackrock Capital Management’s separately managed account assets are held at State Street Bank & Trust Company (Boston, MA), with $2,417,780,889, SSB New York Institutional (Boston, MA), with $2,120,786,468, US Bank N.A. (Cincinatti, OH), with $927,199,294, The Bank of New York Mellon Sa/NV (Brussels), with $816,164,126 and Fidelity Brokerage Services (Smithfield, RI), with $762,781,045. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 9 July 2026

How many financial advisors does Blackrock Capital Management have?

Blackrock Capital Management has 3 investment adviser representatives registered with state securities authorities, out of 79 employees, and 75 perform investment advisory functions. 28 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Blackrock Capital Management invest in?

At the end of its last fiscal year, Blackrock Capital Management’s separately managed accounts held 43% U.S. government and agency bonds, 27% cash and equivalents, 19% investment grade corporate bonds, 9% state and local bonds, 2% other asset types are generally structured products, alternatives, loans and delisted securities and 1% sovereign bonds. It advises 8 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Blackrock Capital Management?

Blackrock Capital Management is owned through a chain of holding companies by Blackrock, Inc. Its direct owner is Blackrock Advisors, LLC (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 9 July 2026

How does Blackrock Capital Management get paid?

Blackrock Capital Management is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file