Investment adviser · CRD 107105

BLACKROCK FINANCIAL MANAGEMENT, INC

Investment adviser filing (IA)

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

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

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 2128806 · Aug 27, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

50+ Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

Browse the first 49 funds across 7 pages.

NC GARNET FUND, L.P.Hedge Fund · Last reported Aug 27, 2026$1.62BGross asset value

Form D fundraising filings

NC Garnet Fund, L.P.

Fund administrator SS&C TECHNOLOGIES, INC. HARRISON, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP PHILADELPHIA, Pennsylvania, United States

Custodian BANK OF NEW YORK MELLON, N.A. NEW YORK, New York, United States Related to adviser: No

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: 805-8147918662
Reported beneficial owners: 3
Minimum commitment: $300M
Form D file number: 021-272749

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

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

NMC STRUCTURED COMMODITY FUND, LLCHedge Fund · Last reported Aug 27, 2026$1.49BGross asset value

Fund administrator NORTHERN TRUST HEDGE FUND SERVICES, LLC CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS CAYMAN ISLANDS PHILADELPHIA, Pennsylvania, United States

Custodian THE NORTHERN TRUST COMPANY CHICAGO, Illinois, United States Related to adviser: No

Prime broker UBS FINANCIAL SERVICES INC. NEW YORK, New York, United States

Provider details

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

PRICEWATERHOUSECOOPERS CAYMAN ISLANDS
PCAOB 238

UBS FINANCIAL SERVICES INC.
CRD 8174 · SEC 8-16267

Fund details & source

Fund ID: 805-9804126303
Reported beneficial owners: 2
Minimum commitment: $100K

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

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

GLOBAL INFRASTRUCTURE DEBT II ISSUER LPHedge Fund · Last reported Aug 27, 2026$1.43BGross asset value

No provider names available in this fund's imported disclosure.

Provider details

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

Fund details & source

Fund ID: 805-2685548205
Reported beneficial owners: 17
Minimum commitment: $1M

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

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

DECARBONIZATION MASTER FUND (LUXEMBURG SCSP)Private Equity Fund · Last reported Aug 27, 2026$1.36BGross asset value

Fund administrator STATE STREET DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE LUXEMBOURG, Luxembourg

Custodian STATE STREET CUSTODIAL SERVICES (IRELAND) LIMITED DUBLIN, Ireland Related to adviser: No

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: 805-3222365609
Reported beneficial owners: 2
Minimum commitment: $10K

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

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

LOAN FUNDING II LLCOther Private Fund · Last reported Aug 27, 2026$1.2BGross asset value

Custodian BANK OF NEW YORK MELLON, N.A. BOSTON, Massachusetts, United States Related to adviser: No

Provider details

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

Fund details & source

Fund ID: 805-1633853157
Reported beneficial owners: 0
Minimum commitment: $0

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

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

GLOBAL INFRASTRUCTURE DEBT ISSUER LPHedge Fund · Last reported Aug 27, 2026$1.06BGross asset value

Form D fundraising filings

Global Infrastructure Debt Issuer LP

Auditor DELOITTE IRELAND DUBLIN, Ireland

Provider details

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

DELOITTE IRELAND
PCAOB 1193

Fund details & source

Fund ID: 805-5650251172
Reported beneficial owners: 16
Minimum commitment: $10M
Form D file number: 021-391719

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

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FACULTAS FUND 2, L.P.Hedge Fund · Last reported Aug 27, 2026$950MGross asset value

Form D fundraising filings

Facultas Fund 2, L.P.

Fund administrator BANK OF NEW YORK MELLON NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP PHILADELPHIA, Pennsylvania, United States

Custodian BANK OF NEW YORK MELLON, N.A. NEW YORK, New York, United States Related to adviser: No

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: 805-9604129781
Reported beneficial owners: 3
Minimum commitment: $400M
Form D file number: 021-305670

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

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Aug 27, 2026. View historical filings

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

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.