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.
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 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.
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.
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.
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.