Form D · Other Investment Fund

Q-BLK APPRECIATION FUND LP

Seattle, WA · CIK 0001318598

Offering snapshot reported Mar 5, 2026 · SEC filing

Reported sold: $287M
Investors reported: 98
Minimum accepted: $0
First sale: Feb 1, 2005

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$187,227,735 → $286,832,470
Reported investors54 → 98

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Mar 5, 2026	Amendment	$286,832,470	$99,604,735vs Feb 25, 2025	98	SEC filing
Feb 25, 2025	Amendment	$187,227,735	$0vs Feb 27, 2024	54	SEC filing
Feb 27, 2024	Amendment	$187,227,735	$0vs Nov 22, 2022	54	SEC filing
Nov 22, 2022	Amendment	$187,227,735	$0vs Nov 22, 2021	54	SEC filing
Nov 22, 2021	Amendment	$187,227,735	$250,000vs Nov 20, 2020	54	SEC filing
Nov 20, 2020	Amendment	$186,977,735	$0vs Nov 14, 2019	54	SEC filing
Nov 14, 2019	Amendment	$186,977,735	$1,000,000vs Nov 21, 2018	54	SEC filing
Nov 21, 2018	Amendment	$185,977,735	$1,050,025vs Nov 21, 2017	53	SEC filing
Nov 21, 2017	Amendment	$184,927,710	$7,016,727vs Mar 14, 2017	53	SEC filing
Mar 14, 2017	Amendment	$177,910,983	$54,168,325vs Mar 14, 2016	53	SEC filing
Mar 14, 2016	Amendment	$123,742,658	$5,907,549vs Mar 12, 2015	51	SEC filing
Mar 12, 2015	Amendment	$117,835,109	$4,587,150vs Mar 12, 2014	149	SEC filing
Mar 12, 2014	Amendment	$113,247,959	$3,041,663vs Mar 12, 2013	43	SEC filing
Mar 12, 2013	Amendment	$110,206,296	$1,476,153vs Mar 12, 2012	43	SEC filing
Mar 12, 2012	Amendment	$108,730,143	$11,229,836vs Mar 10, 2011	42	SEC filing
Mar 10, 2011	Amendment	$97,500,307	$5,447,006vs Mar 15, 2010	38	SEC filing
Mar 15, 2010	Amendment	$92,053,301	$5,511,765vs Mar 11, 2009	36	SEC filing
Mar 11, 2009	Amendment	$86,541,536	No comparison	Not reported	SEC filing
Feb 15, 2005	Paper	Not reported	No comparison	Not reported	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.1
Duration over one year: Yes
Business combination: No

Sales commissions: $0
Finders' fees: $200K
Form D file number: 021-74271

This is a continuous offering.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
McCutchen Group	None

Source: Form D, filed Mar 5, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.

Matched by reported Form D file number

Q-BLK APPRECIATION FUND, L.P.

Investment adviser: BLACKROCK FINANCIAL MANAGEMENT, INC

Gross asset value: $136M
Beneficial owners: 38
ADV minimum commitment: $2M

Reported in Form ADV on Aug 27, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

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. GEORGETOWN, Cayman Islands 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 asset history · 5 annual observations

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Fiscal year	Gross assets	Beneficial owners	ADV filed
2021	$193,994,091	40	Mar 30, 2022
2022	$190,330,079	38	Mar 30, 2023
2023	$89,659,755	38	Mar 28, 2024
2024	$13,227,408	38	Mar 31, 2025
2025	$89,658,465	38	Mar 31, 2026

Filing source

Form ADV 2128806 · Aug 27, 2026 · Schedule D 7.B.(1), fund 805-9675025051

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.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
David N. Barenborg	Executive
Not Applicable Black Rock Alternative Advisors (Gen Par), Llc	Executive, Promoter
Not Applicable Black Rock Financial Management, Inc.	Executive, Promoter
Norman D. Bontje	Executive
Charles I. Clarvit	Executive
Bart N. Cocales	Executive
Mark Everitt	Executive
Dennis Hunter	Director
J. David Matter	Executive
J. David Matter	Executive
Robert Meschi	Director
Shams Orr Hruska	Executive
Brian Schwartz	Executive
Nicholas Sideratos	Executive
Bryan J. Smith	Director
Darren Stainrod	Director
Bryan K. White	Executive
Mark R. Woolley	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

601 Union St 56 Th Fl
Seattle, WA, 98101
Phone: 206-613-6700