# Blackrock Capital Management, Inc.

> Blackrock Capital Management, Inc. is an SEC-registered investment advisory firm in Wilmington, DE, registered since 1999, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 9, 2026.

- CRD: 108069
- Filed as: BLACKROCK CAPITAL MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Wilmington, DE
- Filing period: October 2026
- Form ADV filing dated: July 9, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/108069
- AdvisorCensus page: https://advisorcensus.com/firm/blackrock-capital-management-inc-wilmington-de-108069

## Quick answers

**How is Blackrock Capital Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Blackrock Capital Management, Inc. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.

**Where is Blackrock Capital Management, Inc. located?**
Blackrock Capital Management, Inc.'s principal office is in Wilmington, DE, according to its Form ADV; the August 2026 filing also lists 6 other offices (Schedule D, Section 1.F).

**Is Blackrock Capital Management, Inc. registered with the SEC or a state?**
Blackrock Capital Management, Inc. is an SEC-registered investment advisory firm, registered since 1999. Status as filed: Approved. CRD 108069.

**How much does Blackrock Capital Management, Inc. manage?**
Blackrock Capital Management, Inc. reports $172,620,313,789 in regulatory assets under management in its Form ADV filing dated July 9, 2026 (100% discretionary).

**How have Blackrock Capital Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Blackrock Capital Management, Inc.: Regulatory assets under management: $89,663,580,265 in the October 2021 data and $172,620,313,789 in the October 2026 data, up 93%. Total employees: 269 in October 2021 and 79 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Blackrock Capital Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (9); pooled investment vehicles (other than investment companies and business development companies) (4).

**Which custodians does Blackrock Capital Management, Inc. use?**
Blackrock Capital Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services, SSB New York Institutional, State Street Bank & Trust Company, The Bank of New York Mellon SA/NV and US Bank N.A. as custodians holding 10% or more of its separately managed account assets.

**Does Blackrock Capital Management, Inc. report any disciplinary disclosures?**
Reports 10 disclosure items on Form ADV Item 11: yes answers to 8 questions about regulatory matters and 2 questions about civil court matters (11.C(1), 11.C(2), 11.C(4), 11.C(5), 11.D(2), 11.D(4), 11.E(2), 11.G, 11.H(1)(c), 11.H(2)). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/108069

**What changed in Blackrock Capital Management, Inc.'s recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 71 to 75. Regulatory assets under management went from $134,710,081,772 to $172,620,313,789 (+28%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage Services
- SSB New York Institutional
- State Street Bank & Trust Company
- The Bank of New York Mellon SA/NV
- US Bank N.A.

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.

### Regulatory assets under management (Item 5.F)
- Total: $172,620,313,789
- Discretionary: $172,620,313,789
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 9 | $1,831,006,406 |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $167,315,498,877 |
| Charitable organizations | Fewer than 5 | $128,828,326 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $1,500,283,095 |
| Corporations or other businesses not listed above | Fewer than 5 | $1,844,697,085 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1999 (26 years)
- Employees: 79 total, 75 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports 10 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(1): Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?
- 11.G: Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?
- 11.H(1)(c): Has a domestic or foreign court ever dismissed, under a settlement agreement, an investment-related civil action brought against the firm or an advisory affiliate by a state or foreign financial regulator?
- 11.H(2): Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/108069

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Atlanta, GA
- Boston, MA
- New York, NY
- Philadelphia, PA
- Princeton, NJ
- San Francisco, CA

### Websites listed on Form ADV (Item 1.I)
- blackrock.com
- douyin.com/user/MS4wLjABAAAATX0BkoY3SXPImjHUWTdWi02SNLwyACHjdmAnkjp298lIw88FuDLmYo-nln-UitiK
- ishares.com
- line.naver.jp/ti/p/@blackrocktw
- mp.weixin.qq.com/mp/profile_ext
- Facebook @BlackRock
- Facebook @iShares
- Instagram @blackrock
- LinkedIn @blackrock
- LinkedIn @ishares
- TikTok @blackrock
- X @blackrock
- X @ishares
- YouTube @UC61MWzrpcsazp23LOxCsTcg
- YouTube @UCrIXkHfv2tMzebAI1TcdDhg

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $89,663,580,265 | 269 | August 12, 2021 |
| October 2022 | $93,221,146,837 | 255 | September 1, 2022 |
| October 2023 | $88,770,382,053 | 235 | May 22, 2023 |
| October 2024 | $110,923,554,810 | 208 | September 20, 2024 |
| October 2025 | $134,710,081,772 | 81 | July 30, 2025 |
| October 2026 | $172,620,313,789 | 79 | July 9, 2026 |

Regulatory assets under management: $89,663,580,265 in the October 2021 data and $172,620,313,789 in the October 2026 data, up 93%.
Total employees: 269 in October 2021 and 79 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 71 to 75.
- Regulatory assets under management went from $134,710,081,772 to $172,620,313,789 (+28%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Blackrock Capital Management, Inc. (CRD 108069): Form ADV filing data as of October 2026.