{"url":"https://nivawealth.com/firms/blacksand-capital-291612","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/291612","regulatoryAum":506301347,"crd":"291612","history":[{"filedOn":"2021-03-31","regulatoryAum":350615023,"clients":4,"employees":7,"offices":1},{"filedOn":"2022-03-31","regulatoryAum":564212334,"clients":9,"employees":6,"offices":2},{"filedOn":"2023-05-19","regulatoryAum":499614568,"clients":9,"employees":7,"offices":1},{"filedOn":"2024-03-29","regulatoryAum":474526720,"clients":9,"employees":8,"offices":1},{"filedOn":"2025-03-31","regulatoryAum":487258075,"clients":11,"employees":7,"offices":1},{"filedOn":"2026-03-31","regulatoryAum":506301347,"clients":13,"employees":7,"offices":1}],"secFileNumber":"801-112601","legalName":"Blacksand Capital, LLC","displayName":"Blacksand Capital","slug":"blacksand-capital-291612","website":null,"logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/291612/369ef4558b99aaee-r1.webp","tone":"dark","width":1168,"height":200,"sourceUrl":"https://blacksandcapital.com/","sourceLabel":"Blacksand Capital, LLC, website"},"classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/blacksand-capital-llc","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"2270 Kalakaua Avenue, Suite 1788","city":"Honolulu","state":"HI","stateName":"Hawaii","country":"United States","postalCode":"96815-2519"},"tradeNames":["Blacksand Capital Management I, LLC"],"registration":{"secApproved":"8 March 2018","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":7,"advisory":7,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":506301347,"discretionary":506301347,"discretionaryAccounts":13,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":13,"regulatoryAum":506301347}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Blacksand Capital has custody of $506M for 13 clients.","otherCustodians":[],"leadership":[{"name":"Bert Kobayashi","title":"Managing Member, Chairman and Chief Executive Officer","crd":"6049137"},{"name":"Holly Park","title":"Chief Financial Officer","crd":"6049140"},{"name":"Nicole Chang","title":"Chief Compliance Officer and Chief Legal Officer","crd":"7036517"},{"name":"Bryan Li","title":"Principal","crd":"6049146"},{"name":"Ian Macnaughton","title":"Member","crd":"4415623"},{"name":"William-Khoa Nguyen","title":"Principal and Chief of Staff","crd":"5173676"},{"name":"Benjamin Wang","title":"Principal","crd":"6049152"}],"ownership":[{"label":"Bert Kobayashi","detail":"Managing member, chairman and chief executive officer in the 50% to 75% ownership band and a control person, since April 2010."},{"label":"Ian Macnaughton","detail":"Member in the 50% to 75% ownership band and a control person, since April 2010."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Hawaii","offices":1,"addresses":[{"street":"2270 Kalakaua Avenue, Suite 1788","city":"Honolulu","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"808-738-8400","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)"],"financialPlanningClients":null,"assetMix":[],"privateFunds":11},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/291612/PDF/291612.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Blacksand Capital have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Blacksand Capital offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Blacksand Capital have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Blacksand Capital?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Blacksand Capital get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Blacksand Capital?","answer":"Blacksand Capital’s main office is at 2270 Kalakaua Avenue, Suite 1788, Honolulu, HI 96815-2519. Its phone number is 808-738-8400.","source":"Form ADV Part 1A, Item 1.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}