Investment adviser · CRD 107105

BLACKROCK FINANCIAL MANAGEMENT, INC

NEW YORK, NY, United States · Form ADV filed Aug 27, 2026

Regulatory AUM
$1.6T
Form ADV · Item 5.F
Client accounts
2,283
Accounts, not individual clients
Employees
7,987
Reported in this filing
Advisory professionals
889
Investment advisory functions

How this adviser has changed

Annual filings

Regulatory assets under management

Reported regulatory AUM by annual filing$0$798B$1.6TFY 2021: $1,318,243,655,697.00FY 2021FY 2022: $1,163,046,943,604.00FY 2022FY 2023: $1,288,497,806,439.00FY 2023FY 2024: $1,327,870,000,000.00FY 2024FY 2025: $1,595,099,828,916.00FY 2025

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 yearRegulatory AUMEmployeesFiled
2021$1,318,243,655,6976,043Mar 30, 2022
2022$1,163,046,943,6046,491Mar 30, 2023
2023$1,288,497,806,4396,407Mar 28, 2024
2024$1,327,870,000,0007,410Mar 31, 2025
2025$1,595,099,828,9167,987Mar 31, 2026

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles399$548,161,289,73934.4%
Insurance companies294$457,645,185,53828.7%
Government entities54$172,829,187,02210.8%
Retirement plans154$163,893,476,96010.3%
Corporations & businesses195$101,077,223,0206.3%
Sovereign wealth & foreign institutions49$90,420,609,6135.7%
Charities58$28,582,354,1961.8%
Investment companies21$17,373,069,5881.1%
Other investment advisers9$8,763,349,9580.5%
High-net-worth individuals64$5,434,214,8220.3%
Banks & thrifts6$839,141,4330.1%
Other clientsFewer than 5$79,123,1010.0%
Individuals6$1,603,9260.0%
Filing source

Form ADV 2128806 · Aug 27, 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

352 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.

OBSIDIAN RELATIVE VALUE STRATEGY MASTER FUND, LTD.Hedge Fund · Master$3.87BGross asset value
Fund administrator NORTHERN TRUST HEDGE FUND SERVICES, LLCASE BANK, N.A. CHICAGO, Illinois, 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 NORTHERN TRUST HEDGE FUND SERVICES CHICAGO, Illinois, 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 →
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

Fund details & source
Fund ID
805-1847176631
Reported beneficial owners
12
Minimum commitment
$1M
Form D file number
021-1268

Form ADV 2128806 · Aug 27, 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.

GLOBAL RENEWABLE POWER FUND III, SCSPPrivate Equity Fund$2.82BGross asset value
Fund administrator INTERNATIONAL FUND SERVICES (IRELAND) LIMITED DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor DELOITTE IRELAND LLP DUBLIN, Ireland Other funds reporting this name →
Custodian STATE STREET CUSTODIAL SERVICES (IRELAND) LIMITED DUBLIN, Ireland 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 IRELAND LLP
PCAOB 1193

Fund details & source
Fund ID
805-3709962355
Reported beneficial owners
162
Minimum commitment
$10M

Form ADV 2128806 · Aug 27, 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 DIVERSIFIED PRIVATE DEBT FUND MASTER LPOther Private Fund · Master$2.8BGross asset value
Fund administrator INTERNATIONAL FUND SERVICES (IRELAND) LIMITED DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor DELIOTTE IRELAND LLP DUBLIN, Ireland Other funds reporting this name →
Custodian STATE STREET CUSTODIAL SERVICES (IRELAND) LIMITED DUBLIN, Ireland 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

DELIOTTE IRELAND LLP
PCAOB 1193

Fund details & source
Fund ID
805-6157731219
Reported beneficial owners
2
Minimum commitment
$13.3M

Form ADV 2128806 · Aug 27, 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 INFRASTRUCTURE FUNDS ICAV - GLOBAL RENEWABLE POWER FUND IIIOther Private Fund$2.43BGross asset value
Fund administrator INTERNATIONAL FUND SERVICES (IRELAND) LIMITED DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor DELOITTE IRELAND DUBLIN, Ireland Other funds reporting this name →
Custodian STATE STREET BANK AND TRUST COMPANY DUBLIN, Ireland 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 IRELAND
PCAOB 1193

Fund details & source
Fund ID
805-3929733824
Reported beneficial owners
1
Minimum commitment
$100K

Form ADV 2128806 · Aug 27, 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.

ZURICH AMERICAN LIFE INSURANCE COMPANYOther Private Fund$2.18BGross asset value

Form D fundraising filings

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

Fund administrator BENEFIT FINANCE PARTNERS ST. LOUIS, Missouri, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor PRICEWATERHOUSECOOPERS LLP NEW YORK, New York, United States Other funds reporting this name →
Custodian BNY MELLON 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

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

Fund details & source
Fund ID
805-2841766356
Reported beneficial owners
1
Minimum commitment
$500M
Form D file number
021-234636

Form ADV 2128806 · Aug 27, 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.

US ALPHA ADVANTAGE FUND LPHedge Fund · Feeder$2.09BGross asset value
Fund administrator JP MORGAN CHASE BANK N.A. DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor PRICEWATERHOUSECOOPERS LLP PHILADELPHIA, Pennsylvania, United States Other funds reporting this name →
Custodian JP MORGAN CHASE BANK N.A. NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →
Prime broker J.P. MORGAN SECURITIES INC. 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

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

J.P. MORGAN SECURITIES INC.
CRD 18718 · SEC 8-36950

Fund details & source
Fund ID
805-2441413517
Reported beneficial owners
1
Minimum commitment
$0

Form ADV 2128806 · Aug 27, 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.

US EQUITY STYLES ACTIVE EXTENSION SCREENED FUND, LTDHedge Fund$2.02BGross asset value

Form D fundraising filings

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

Fund administrator JPM-JP MORGAN CHASE (JPMORGA5) DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →
Auditor PRICEWATERHOUSECOOPERS LLP PHILADELPHIA, Pennsylvania, United States Other funds reporting this name →
Custodian J.P. MORGAN SECURITIES INC. BROOKLYN, New York, United States Related to adviser: No Other funds reporting this name →
Prime broker CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States Other funds reporting this name →
Prime broker DEUTSCHE BANK SECURITIES INC. NEW YORK, New York, United States Other funds reporting this name →
Prime broker MORGAN STANLEY 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

PRICEWATERHOUSECOOPERS LLP
PCAOB 238

J.P. MORGAN SECURITIES INC.
SEC 8-36950

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

DEUTSCHE BANK SECURITIES INC.
CRD 2525 · SEC 8-17822

MORGAN STANLEY
CRD 149777 · SEC 8-68191

Fund details & source
Fund ID
805-7715717841
Reported beneficial owners
3
Minimum commitment
$2M
Form D file number
021-380233

Form ADV 2128806 · Aug 27, 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

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

What changed?

Since Aug 25, 2026 · previous imported filing

No comparable changes in the displayed metrics.

Filing source

Form ADV 2128806 · Aug 27, 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 2128806 · Aug 27, 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.