Investment adviser · CRD 107105

BLACKROCK FINANCIAL MANAGEMENT, INC

NEW YORK, NY, United States · Form ADV filed Aug 19, 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 2126578 · Aug 19, 2026 · Item 5.D

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

Other-Than Anual Amendment For Registered Adviser.

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

348 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.

GLOBAL INFRASTRUCTURE DEBT FUND FEEDER SCSPOther Private Fund$361MGross asset value

Form D fundraising filings

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

Global Infrastructure Debt Fund Feeder SCSp

Fund administrator BANK OF NEW YORK MELLON 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 BANK OF NEW YORK MELLON, N.A. LONDON, United Kingdom 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
PCAOB 1287

Fund details & source

Fund ID: 805-2152476519
Reported beneficial owners: 12
Minimum commitment: $1M
Form D file number: 021-316642

Form ADV 2126578 · Aug 19, 2026 · Schedule D 7.B.(1)

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

Other-Than Anual Amendment For Registered Adviser.

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.

COASTLINE FUND, L.P.Hedge Fund$345MGross asset value

Form D fundraising filings

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

Coastline Fund, L.P.

Fund administrator SS&C TECHNOLOGIES, INC. EVANSVILLE, Indiana, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor DELOITTE & TOUCHE LLP PHILADELPHIA, Pennsylvania, United States Other funds reporting this name →

Custodian BANK OF NEW YORK MELLON, N.A. NEW YORK, New York, 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

DELOITTE & TOUCHE LLP
PCAOB 34

Fund details & source

Fund ID: 805-5801061686
Reported beneficial owners: 3
Minimum commitment: $250M
Form D file number: 021-236472

Form ADV 2126578 · Aug 19, 2026 · Schedule D 7.B.(1)

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

Other-Than Anual Amendment For Registered Adviser.

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.

MOUNTAIN RESEARCH FUND, L.P.Hedge Fund$345MGross asset value

Form D fundraising filings

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

Mountain Research Fund, L.P.

Fund administrator THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor DELOITTE & TOUCHE LLP PHILADELPHIA, Pennsylvania, United States Other funds reporting this name →

Custodian THE BANK OF NEW YORK MELLON 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 LLP
PCAOB 34

BLACKROCK INVESTMENTS, LLC
CRD 38642 · SEC 8-48436

Fund details & source

Fund ID: 805-2998302721
Reported beneficial owners: 2
Minimum commitment: $0
Form D file number: 021-345401

Form ADV 2126578 · Aug 19, 2026 · Schedule D 7.B.(1)

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

Other-Than Anual Amendment For Registered Adviser.

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 OBSIDIAN MASTER FUNDHedge Fund · Master$341MGross asset value

Search Form D filings →

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 →

Prime broker CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States Other funds reporting this name →

Prime broker CREDIT SUISSE SECURITIES (USA) LLC 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: Yes

DELOITTE & TOUCHE
PCAOB 1096

BLACKROCK INVESTMENTS, LLC
CRD 38642 · SEC 8-48436

CITIGROUP GLOBAL MARKETS INC.
CRD 7059 · SEC 8-8177

CREDIT SUISSE SECURITIES (USA) LLC
CRD 816 · SEC 8-422

Fund details & source

Fund ID: 805-9384485105
Reported beneficial owners: 81
Minimum commitment: $1M

Form ADV 2126578 · Aug 19, 2026 · Schedule D 7.B.(1)

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

Other-Than Anual Amendment For Registered Adviser.

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.

MAGNETITE XXV, LIMITEDSecuritized Asset Fund$330MGross asset value

Search Form D filings →

Fund administrator VIRTUS PARTNERS HOUSTON, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No Other funds reporting this name →

Custodian CITIBANK N.A. HOUSTON, Texas, 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: Yes
External marketing: No

Fund details & source

Fund ID: 805-4057216585
Reported beneficial owners: 10
Minimum commitment: $25K

Form ADV 2126578 · Aug 19, 2026 · Schedule D 7.B.(1)

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

Other-Than Anual Amendment For Registered Adviser.

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 CREDIT ALPHA MASTER FUND, L.P.Hedge Fund · Master$330MGross asset value

Search Form D filings →

Fund administrator STATE STREET CAYMAN TRUST COMPANY, LTD SACRAMENTO, California, United States 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 STATE STREET BANK & TRUST COMPANY BOSTON, Massachusetts, 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 →

Prime broker CREDIT SUISSE SECURITIES (USA) LLC NEW YORK, New York, United States Other funds reporting this name →

Prime broker MERRILL LYNCH PROFESSIONAL CLEARING CORP. 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: Yes

DELOITTE & TOUCHE
PCAOB 34

BLACKROCK INVESTMENTS, LLC
CRD 38642 · SEC 8-48436

CREDIT SUISSE SECURITIES (USA) LLC
CRD 816 · SEC 8-422

MERRILL LYNCH PROFESSIONAL CLEARING CORP.
CRD 16139 · SEC 8-33359

Fund details & source

Fund ID: 805-6743536448
Reported beneficial owners: 4
Minimum commitment: $0

Form ADV 2126578 · Aug 19, 2026 · Schedule D 7.B.(1)

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

Other-Than Anual Amendment For Registered Adviser.

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 CASCADE OPPORTUNITIES FUND, L.P.Hedge Fund$325MGross asset value

Form D fundraising filings

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

BlackRock Cascade Opportunities Fund, L.P.

Fund administrator SS&C TECHNOLOGIES, INC. WINDSOR, Connecticut, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor DELOITTE & TOUCHE LLP CHICAGO, Illinois, United States Other funds reporting this name →

Custodian BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

Prime broker CREDIT SUISSE SECURITIES (USA) LLC 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 LLP
PCAOB 34

CREDIT SUISSE SECURITIES (USA) LLC
CRD 816 · SEC 8-422

Fund details & source

Fund ID: 805-1251328602
Reported beneficial owners: 2
Minimum commitment: $0
Form D file number: 021-324503

Form ADV 2126578 · Aug 19, 2026 · Schedule D 7.B.(1)

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

Other-Than Anual Amendment For Registered Adviser.

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 Aug 13, 2026 · previous imported filing

No comparable changes in the displayed metrics.

Filing source

Form ADV 2126578 · Aug 19, 2026 · Items 1 & 5

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

Other-Than Anual Amendment For Registered Adviser.

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 2126578 · Aug 19, 2026 · Items 1 & 5

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

Other-Than Anual Amendment For Registered Adviser.

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.