Blacksand Capital provides portfolio management for pooled vehicles. The firm advises 11 private funds.
Blacksand Capital reports 13 pooled investment vehicles. These counts refer to investment vehicles, rather than the individual investors in them. Of its assets, 100.0% ($506M across 13 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Pooled investment vehicles | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 13 | $506M | 100.0% | $38.9M |
| Total | 13 | $506M | 100% | $38.9M |
- Clients
- 13
- Regulatory AUM
- $506M
- AUM share
- 100.0%
- Avg. per client
- $38.9M
Total
- Clients
- 13
- Regulatory AUM
- $506M
- AUM share
- 100%
- Avg. per client
- $38.9M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 11
Blacksand Capital is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Bert Kobayashi owns 50% to 75% of Blacksand Capital. Bert Kobayashi is CEO; the leadership team includes Chief Financial Officer Holly Park and Chief Compliance Officer Nicole Chang. It has 7 employees.
Staff
- 7 employees
- 7 in advisory functions
- Owns 50% to 75% of Blacksand Capital, LLC
Bert Kobayashi
Control person · since April 2010
- Owns 50% to 75% of Blacksand Capital, LLC
Ian Macnaughton
Control person · since April 2010
Blacksand Capital’s regulatory assets grew from $351M (March 2021) to $506M (March 2026); clients rose from 4 to 13 and employees were 7 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $506M | 13 | 7 | 1 |
| Mar 2025March 2025 | $487M | 11 | 7 | 1 |
| Mar 2024March 2024 | $475M | 9 | 8 | 1 |
| May 2023May 2023 | $500M | 9 | 7 | 1 |
| Mar 2022March 2022 | $564M | 9 | 6 | 2 |
| Mar 2021March 2021 | $351M | 4 | 7 | 1 |
Besides its headquarters, Blacksand Capital has 0 offices, with 1 listed address in 1 state.
Hawaii · 1 listed address
- 2270 Kalakaua Avenue, Suite 1788, HonoluluHQ
Other business names
Blacksand Capital has reported 1 other business name to the SEC.
- Blacksand Capital Management I, LLC
Contact and registration details
- Legal name
- Blacksand Capital, LLC
- Headquarters
- 2270 Kalakaua Avenue, Suite 1788, Honolulu, HI 96815-2519
- Website
- Not reported
- Phone
- 808-738-8400
- @blacksand-capital-llc
- SEC file
- 801-112601
- Structure
- Delaware LLC
- Fiscal year end
- December
Blacksand Capital has custody of $506M for 13 clients.
How many clients does Blacksand Capital have?
Blacksand Capital has 13 clients and manages $506 million for them, as of March 2026. They include 13 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Blacksand Capital offer?
Blacksand Capital provides portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Blacksand Capital have?
Blacksand Capital has 0 investment adviser representatives registered with state securities authorities, out of 7 employees, and 7 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
Who owns Blacksand Capital?
Blacksand Capital’s direct owners are Bert Kobayashi (50% to 75%) and Ian Macnaughton (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Blacksand Capital get paid?
Blacksand Capital is paid through a percentage of assets under management 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
How do I contact Blacksand Capital?
Blacksand Capital’s main office is at 2270 Kalakaua Avenue, Suite 1788, Honolulu, HI 96815-2519. Its phone number is 808-738-8400.