Investment adviser · CRD 107105

BLACKROCK FINANCIAL MANAGEMENT, INC

NEW YORK, NY, United States · Form ADV filed Mar 31, 2026

Regulatory AUM: $1.6T
Client accounts: 2,283
Employees: 7,987
Advisory professionals: 889

How this adviser has changed

Annual filings

Regulatory assets under management

Up to five fiscal years, using the latest annual update available at the selected filing date. Asset changes can reflect acquisitions, client flows, and valuations; they are not investment returns.

Annual adviser history and sources
Fiscal year	Regulatory AUM	Employees	Filed
2021	$1,318,243,655,697	6,043	Mar 30, 2022
2022	$1,163,046,943,604	6,491	Mar 30, 2023
2023	$1,288,497,806,439	6,407	Mar 28, 2024
2024	$1,327,870,000,000	7,410	Mar 31, 2025
2025	$1,595,099,828,916	7,987	Mar 31, 2026

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	399	$548,161,289,739	34.4%
Insurance companies	294	$457,645,185,538	28.7%
Government entities	54	$172,829,187,022	10.8%
Retirement plans	154	$163,893,476,960	10.3%
Corporations & businesses	195	$101,077,223,020	6.3%
Sovereign wealth & foreign institutions	49	$90,420,609,613	5.7%
Charities	58	$28,582,354,196	1.8%
Investment companies	21	$17,373,069,588	1.1%
Other investment advisers	9	$8,763,349,958	0.5%
High-net-worth individuals	64	$5,434,214,822	0.3%
Banks & thrifts	6	$839,141,433	0.1%
Other clients	Fewer than 5	$79,123,101	0.0%
Individuals	6	$1,603,926	0.0%

Filing source

Form ADV 2064908 · Mar 31, 2026 · Item 5.D

Reported by BLACKROCK FINANCIAL MANAGEMENT, INC (CRD 107105).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Private funds & service providers

406 detailed fund records

Largest reported gross asset value first; unreported values last. Gross asset value is fund-level disclosure, distinct from adviser AUM and Form D fundraising. Master and feeder funds may overlap.

BLACKROCK MASTER HEDGE, L.P. - OPPORTUNISTIC SERIESHedge Fund$120MGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

BlackRock Master Hedge, L.P. - Opportunistic Series

Fund administrator MUFG ALTERNATIVE FUND SERVICES (CAYMAN), LTD. GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor DELOITTE & TOUCHE GRAND CAYMAN, Cayman Islands Other funds reporting this name →

Custodian MUFG ALTERNATIVE FUND SERVICES (CAYMAN), LTD. GRAND CAYMAN, Cayman Islands Related to adviser: No Other funds reporting this name →

Prime broker BNY MELLON SECURITIES CORPORATION NEW YORK, New York, United States Other funds reporting this name →

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE
PCAOB 1096

BNY MELLON SECURITIES CORPORATION
CRD 231 · SEC 8-13801

Fund details & source

Fund ID: 805-4597454256
Reported beneficial owners: 143
Minimum commitment: $0
Form D file number: 021-327927

Form ADV 2064908 · Mar 31, 2026 · Schedule D 7.B.(1)

Reported by BLACKROCK FINANCIAL MANAGEMENT, INC (CRD 107105).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

GLOBAL CREDIT OPPORTUNITIES II FUND A MASTER SCSPPrivate Equity Fund · Master$119MGross asset value

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Fund administrator STATE STREET DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor DELOITTE LUXEMBOURG, Luxembourg Other funds reporting this name →

Custodian STAET STREET LUXEMBOURG, Luxembourg Related to adviser: No Other funds reporting this name →

Marketer BLACKROCK INVESTMENT MANAGEMENT (UK) LIMITED LONDON, United Kingdom Related to adviser: Yes Other funds reporting this name →

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

DELOITTE
PCAOB 1287

Fund details & source

Fund ID: 805-3353143559
Reported beneficial owners: 2
Minimum commitment: $10M
Form D file number: 021-1893234

Form ADV 2064908 · Mar 31, 2026 · Schedule D 7.B.(1)

Reported by BLACKROCK FINANCIAL MANAGEMENT, INC (CRD 107105).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

TWO DEGREE LLCOther Private Fund$118MGross asset value

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Custodian THE NOTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

THE NOTHERN TRUST COMPANY
LEI 6PTKHDJ8HDUF78PFWH30

Fund details & source

Fund ID: 805-8490761389
Reported beneficial owners: 1
Minimum commitment: $0

Form ADV 2064908 · Mar 31, 2026 · Schedule D 7.B.(1)

Reported by BLACKROCK FINANCIAL MANAGEMENT, INC (CRD 107105).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

THE BLACKROCK ENHANCED COMMODITY (OFFSHORE) FUNDHedge Fund · Feeder$112MGross asset value

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Fund administrator JPMORGAN CHASE BANK, N.A. DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor DELOITTE & TOUCHE PRINCETON, New Jersey, United States Other funds reporting this name →

Custodian NORTHERN TRUST NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

Marketer BLACKROCK INVESTMENTS, LLC NEW YORK, New York, United States Related to adviser: Yes Other funds reporting this name →

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

DELOITTE & TOUCHE
PCAOB 1096

BLACKROCK INVESTMENTS, LLC
CRD 38642 · SEC 8-48436

Fund details & source

Fund ID: 805-7005282995
Reported beneficial owners: 2
Minimum commitment: $10M

Form ADV 2064908 · Mar 31, 2026 · Schedule D 7.B.(1)

Reported by BLACKROCK FINANCIAL MANAGEMENT, INC (CRD 107105).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

BLACKROCK EVERGREEN INFRASTRUCTURE PARTNERS (AGGREGATOR D) L.PPrivate Equity Fund$108MGross asset value

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Fund administrator INTERNATIONAL FUND SERVICES (N.A.), L.L.C BOSTON, Massachusetts, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor PWC NEW YORK, New York, United States Other funds reporting this name →

Custodian STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

PWC
PCAOB 34

Fund details & source

Fund ID: 805-5527864419
Reported beneficial owners: 1
Minimum commitment: $25M

Form ADV 2064908 · Mar 31, 2026 · Schedule D 7.B.(1)

Reported by BLACKROCK FINANCIAL MANAGEMENT, INC (CRD 107105).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

JUNIVERSITAS INFRASTRUCTURE CORE FUND B (EUR), L.P.Private Equity Fund$105MGross asset value

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Fund administrator STATE STREET FUND SERVICES (IRELAND) LIMITED DUBLIN, Ireland Investor statements: No (provided to no investors) Related to adviser: No Other funds reporting this name →

Auditor PRICEWATERHOUSECOOPERS AG ZURICH, Switzerland Other funds reporting this name →

Custodian STATE STREET BANK & TRUST COMPANY BOSTON, Massachusetts, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

PRICEWATERHOUSECOOPERS AG
PCAOB 1358

Fund details & source

Fund ID: 805-3040115561
Reported beneficial owners: 1
Minimum commitment: $100M

Form ADV 2064908 · Mar 31, 2026 · Schedule D 7.B.(1)

Reported by BLACKROCK FINANCIAL MANAGEMENT, INC (CRD 107105).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

CW2 MARKET OPPORTUNITIES FUND, LTD.Hedge Fund$100MGross asset value

Search Form D filings →

Fund administrator MUFG ALTERNATIVE FUND SERVICES (CAYMAN) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor DELOITTE & TOUCHE GRAND CAYMAN, Cayman Islands Other funds reporting this name →

Custodian CITCO GRAND CAYMAN, Cayman Islands Related to adviser: No Other funds reporting this name →

Custodian MUFG ALTERNATIVE FUND SERVICES (CAYMAN) LIMITED GRAND CAYMAN, Cayman Islands Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE
PCAOB 1096

Fund details & source

Fund ID: 805-1506182372
Reported beneficial owners: 1
Minimum commitment: $100K

Form ADV 2064908 · Mar 31, 2026 · Schedule D 7.B.(1)

Reported by BLACKROCK FINANCIAL MANAGEMENT, INC (CRD 107105).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Services & filing details

View a filing

Showing values from the selected filing. Latest observed filing does not establish current registration status.

What changed?

Since Mar 2, 2026 · previous imported filing

Regulatory AUM$1,327,868,750,254 → $1,595,099,828,916
Client accounts2,269 → 2,283
Employees7,410 → 7,987

Filing source

Form ADV 2064908 · Mar 31, 2026 · Items 1 & 5

Reported by BLACKROCK FINANCIAL MANAGEMENT, INC (CRD 107105).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Management of assets

Discretionary: $1.59T
Non-discretionary: $2.27B

Reported services

Individual portfolio management · Investment company portfolio management · Pooled investment vehicle management · Business portfolio management · Pension consulting · Selection of other advisers

Compensation

Percentage of assets · Fixed · Performance-based

Principal office

50 HUDSON YARDS
NEW YORK, NY, 10001, United States

CRD 107105

Filing source

Form ADV 2064908 · Mar 31, 2026 · Items 1 & 5

Reported by BLACKROCK FINANCIAL MANAGEMENT, INC (CRD 107105).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.