{
  "crd_number": 139804,
  "slug": "blackgold-capital-management-lp-houston-tx-139804",
  "primary_business_name": "BLACKGOLD CAPITAL MANAGEMENT LP",
  "legal_name": "BLACKGOLD CAPITAL MANAGEMENT LP",
  "dbas": [],
  "city": "Houston",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "26420",
  "metro": {
    "cbsa_code": "26420",
    "common_name": "Houston",
    "msa_name": "Houston-Pasadena-The Woodlands, TX",
    "path": "/advisors/tx/houston"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2006-04-13",
  "years_registered": 20,
  "period": "2026-10-01",
  "filing_date": "2026-04-10",
  "carried_forward": false,
  "raum_total": 133013314.0,
  "raum_discretionary": 133013314.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 4,
  "advisory_employees": 4,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 1340940.0,
      "count": null,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 131672374.0,
      "count": 7
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "TX"
  ],
  "websites": [
    "https://blackgoldcap.com",
    "https://linkedin.com/company/blackgold-capital-management"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/139804",
  "city_as_filed": "HOUSTON",
  "url": "https://advisorcensus.com/firm/blackgold-capital-management-lp-houston-tx-139804",
  "display_name": "Blackgold Capital Management LP",
  "summary": "Blackgold Capital Management LP is an SEC-registered investment advisory firm in Houston, TX, registered since 2006, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 10, 2026.",
  "citation": "AdvisorCensus. Blackgold Capital Management LP (CRD 139804): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Blackgold Capital Management LP compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Blackgold Capital Management LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "How much does Blackgold Capital Management LP charge?",
      "a": "Its Form ADV Part 2A brochure dated April 10, 2026 states: Asset-based fee: 1.5% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Blackgold Capital Management LP located?",
      "a": "Blackgold Capital Management LP's principal office is in Houston, TX, according to its Form ADV."
    },
    {
      "q": "Is Blackgold Capital Management LP registered with the SEC or a state?",
      "a": "Blackgold Capital Management LP is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 139804."
    },
    {
      "q": "How much does Blackgold Capital Management LP manage?",
      "a": "Blackgold Capital Management LP reports $133,013,314 in regulatory assets under management in its Form ADV filing dated April 10, 2026 (100% discretionary)."
    },
    {
      "q": "How have Blackgold Capital Management LP's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Blackgold Capital Management LP: Regulatory assets under management: $747,540,207 in the October 2021 data and $133,013,314 in the October 2026 data, down 82%. Total employees: 5 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Blackgold Capital Management LP serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7)."
    },
    {
      "q": "Which custodians does Blackgold Capital Management LP use?",
      "a": "Blackgold Capital Management LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Blackgold Capital Management LP report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/139804"
    },
    {
      "q": "What changed in Blackgold Capital Management LP's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 3 to 4. Regulatory assets under management went from $178,019,742 to $133,013,314 (-25%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 747540207.0,
      "total_employees": 5,
      "filing_date": "2021-03-24"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 507709682.0,
      "total_employees": 4,
      "filing_date": "2022-05-05"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 587197733.0,
      "total_employees": 4,
      "filing_date": "2023-05-23"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 594597705.0,
      "total_employees": 4,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 178019742.0,
      "total_employees": 4,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 133013314.0,
      "total_employees": 4,
      "filing_date": "2026-04-10"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 3 to 4.",
        "Regulatory assets under management went from $178,019,742 to $133,013,314 (-25%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated April 10, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": "1.5% of assets a year",
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 1.5% of assets a year"
        ],
        "quotes": [
          "For its services, the Adviser is generally entitled to receive a management fee (the “Management Fee”) at an annual rate of one and a half percent (1.5%) of the capital account balance of each Client account."
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": null,
          "max": null,
          "rate_pct": 1.5
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "For its services, the Adviser is generally entitled to receive a management fee (the “Management Fee”) at an annual rate of one and a half percent (1.5%) of the capital account balance of each Client account."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "BNY Mellon",
      "name_as_filed": "BNY MELLON",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/blackgold-capital-management-lp-houston-tx-139804.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": null,
      "fewer_than_5": true,
      "raum": 1340940.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 7,
      "fewer_than_5": false,
      "raum": 131672374.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/139804",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}