Blackrock Capital Management, Inc.

Registered investment adviser · Wilmington, DE · CRD #108069

Form ADV data as of 2026-09-01

Regulatory assets

$172.62 billion

Total accounts

Employees

Disclosure events

Firm details

Website: https://www.instagram.com/blackrock
Telephone: 302 797 2000
SEC file number: 801-57038
Most recent Form ADV filing: 2026-07-09
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 10 disclosure questions answered Yes, covering 27 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

SEC or CFTC found a false statement or omission
SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Another regulator found a violation of investment-related regulations or statutes
Another regulator entered an order in connection with investment-related activity (past 10 years)
A self-regulatory organization found a violation of its rules
Currently subject to a regulatory proceeding that could result in a disclosure under 11.C., 11.D., or 11.E.
A court dismissed an investment-related civil action under a settlement agreement
Currently subject to a civil proceeding that could result in a disclosure under 11.H.(1)

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$172.62 billion
Non-discretionary regulatory assets under management	$0
Total regulatory assets under management	$172.62 billion
Discretionary accounts	31
Non-discretionary accounts	0
Total accounts	31
Regulatory assets under management attributable to non-U.S. persons	$168.13 billion

People

Total employees (excluding clerical)	79
Employees performing investment advisory functions (including research)	75
Employees who are registered representatives of a broker-dealer	28
Employees registered as investment adviser representatives with a state	3
Employees registered as IARs for another investment adviser	3
Employees who are licensed insurance agents	0
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	Yes
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$783,117
Clients for whom the firm has custody	1
A related person has custody of client cash or bank accounts	Yes
A related person has custody of client securities	No
Client funds and securities held in a related person's custody	$783,117
Clients for whom a related person has custody	1
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	1

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)Performance-based fees

Advisory services offered

Portfolio management for individuals and/or small businessesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsSelection of other advisers (including private fund managers)

Other business activities

Commodity pool operator or commodity trading advisor

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Registered municipal advisorCommodity pool operator or commodity trading advisorBanking or thrift institutionTrust companyInsurance company or agencyPension consultantReal estate broker or dealerSponsor or syndicator of limited partnershipsSponsor, general partner, or managing member of pooled investment vehicles

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Recommends securities in which it has another proprietary interest
Executes agency cross transactions involving advisory client securities
Recommends securities for which it serves as underwriter or general partner
Recommends securities in which it has another sales interest
Brokers or dealers selected under 8.C.(3) are related persons
Recommends brokers or dealers to clients
Brokers or dealers recommended under 8.E. are related persons
Receives soft dollar benefits
Compensates a non-employee for client referrals

Client types

Type of client	Clients	Assets
High net worth individuals	9	$1.83 billion
Pooled investment vehicles (other than investment companies and BDCs)	4	$167.32 billion
Charitable organizations	Not reported	$128.8 million
State or municipal government entities (including government pension plans)	Not reported	$1.50 billion
Corporations or other businesses not listed above	Not reported	$1.84 billion