Blackgold Capital Management LP (Houston)

Name: Blackgold Capital Management LP
Address: 109 North Post Oak Lane, Houston, TX, 77024
Telephone: (281) 500-9981

Blackgold Capital Management LP is a large advisory firm based in Houston. It manages $1.24 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of Texas.

Blackgold Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Blackgold Capital Management: assets under management

The assets under management (AUM) of Blackgold Capital Management LP is $1.24 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 123989980200% since the beginning of its operation, and $124.77 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.24 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $103.32 million each.

Investments

The firm invests in non-investment grade corporate bonds the most. They account for 84% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in other assets form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Blackgold Capital Management LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Blackgold Capital Management serves?

The firm provides services to insurance companies, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Blackgold Capital Management is pooled investment vehicles with 9 clients and $1.03 billion of assets under management. Among the 10 most similar advisory firms, Blackgold Capital Management has the 4th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.21 billion for 11 clients. 8% of the firm’s clients are foreign persons or businesses.

Blackgold Capital Management also advises several private funds. Namely, three hedge funds and five private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Blackgold Capital Management LP

The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Blackgold Capital Advisors Llc	General partner	1 Feb 2006	Other	20-4354939
Erik Dybesland	Limited partner	1 Feb 2006	25% - 50%	2284835
Adam Joseph Flikerski	Limited partner	1 Feb 2006	25% - 50%	3150135
Cornelia Irene Wenghoefer	Chief compliance officer	1 Feb 2006	Other	5112222
Pravin Kanneganti	Controller	1 Nov 2012	Other	6179189
John Thorp Harkrider	Chief operating officer, chief compliance officer	1 Dec 2013	Other	4937329
Kkr Management Holdings L.P.	Limited partner	1 Jul 2014	Other	46-0521216
Andrew Luong	Cco	1 Apr 2018	Other	6938943
Drew Kyle Nelson	Cco	1 Feb 2019	Other	7085767
Jonathan Craig Potter	Cco	1 Jun 2019	Other	6328981

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Kkr Holdings Gp Limited	General partner	1 Aug 2007	Other	98-0598040
Kkr Management Holdings Corp.	General partner	1 Jul 2008	25% - 50%	27-0703729
Kkr Group Holdings L.P.	Shareholder	1 Jul 2009	75% - 100%	98-0630813
Kkr Group Limited	General partner	1 Jul 2009	Other	98-0630812
Kkr & Co. L.P.	Shareholder	1 Jul 2009	Other	26-0426107
Kkr & Co. L.L.C.	Limited partner	1 Oct 2009	50% - 75%	13-3931629
Kkr Holdings L.P.	Member	1 Oct 2009	75% - 100%	26-0846005
Henry R Kravis	Class a shareholder	1 Oct 2009	25% - 50%	1681436
George Rosenberg Roberts	Class a shareholder	1 Oct 2009	25% - 50%	1681434
Kkr & Co. L.P.	Limited partner	1 Jul 2010	75% - 100%	26-0426107

Based in Houston

The principal office where Blackgold Capital Management LP performs its advisory services is located at 109 North Post Oak Lane, Houston, TX 77024, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (281) 500-9981 or by fax (713)400-6810. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at blackgoldcap.com and its LinkedIn profile.