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Manager

B•••••••• C••••••• L••

CRD 291612SEC 801-112601Honolulu, HIb•••••••••.comunder $1BMulti-strategy
Form ADV on IAPD
What capital do they manage?
Real estate GAV
$332M GAV 2024sum of GAV over non-feeder, non-quarantined Real Estate Fund vehicles on the latest filing (a scale proxy, never fund size)
Vehicles
2 current, 2 ever, 0 dropped1 feeders, 0 funds of funds
First on the tape
2018the extract starts in 2011; an earlier history is not visible
Latest filing
Mar 29, 2024registered adviser
Adviser RAUM
$475Mthe whole adviser, all strategies; used for the quarantine test only
Fund types on the latest filing
Real Estate Fund 2, Private Equity Fund 5
Latest vintage
2019from a fund name year or the first ADV report after the adviser's first filing
What do they say they do?
stated by the manager
Strategy
Multi-strategy
Operator model
Hybridbasis: stated
Property types
Retail, Office, Industrial, Multifamily, Hotel, Mixed usebasis: stated
Markets
Hawai‘i, Maui, W••••••, Honolulu, Ka'anapali, Mauibasis: stated
Business kind (site)
REAL_ESTATE_MANAGER
AUM in its own words
••• Lockedthe manager's statement, not a DFX figure
In the manager’s own words
  • Distressed: “Partnering with banks on troubled assets involving performing and non-performing commercial loans, B-notes, and mezzanine debt.”
  • Debt: “Partnering with banks on troubled assets involving performing and non-performing commercial loans, B-notes, and mezzanine debt.”
  • Development: “Ground-up development and redevelopment opportunities in high-demand areas through partnerships or joint ventures with experienced local development companies.”
  • Land: “Residential, commercial, and resort lands.”
  • Opportunistic: “These enduring relationships along with the diversity and depth of experiences allow B•••••••• C•••••• to capture rare opportunities often not presented in the market.”
  • Retail: “Retail, office, industrial, multifamily, hospitality, mixed-use, and residential assets in desirable locations throughout Hawaii.”
  • Office: “Retail, office, industrial, multifamily, hospitality, mixed-use, and residential assets in desirable locations throughout Hawaii.”
  • Industrial: “Retail, office, industrial, multifamily, hospitality, mixed-use, and residential assets in desirable locations throughout Hawaii.”
  • Multifamily: “Retail, office, industrial, multifamily, hospitality, mixed-use, and residential assets in desirable locations throughout Hawaii.”
  • Hotel: “Retail, office, industrial, multifamily, hospitality, mixed-use, and residential assets in desirable locations throughout Hawaii.”
  • Mixed use: “Retail, office, industrial, multifamily, hospitality, mixed-use, and residential assets in desirable locations throughout Hawaii.”
  • Land: “Residential, commercial, and resort lands.”
  • Other: “including investments in hotels, residential condominiums, workforce housing, and retail, office and industrial buildings.”
  • Hawai‘i: “B•••••••• C•••••• is a Hawai‘i specialist real estate private equity firm distinguished by its integrity, creativity, and intimate knowledge of and commitment to the Hawai‘i market.”
  • Maui: “BlackSand acquired the 50,000 square feet P•••••• P•••• office building located in the Maui Research and Technology Park in Kihei, Maui.”
  • W••••••, Honolulu: “BlackSand acquired the prime mixed-used retail and office building located along the fifty-yard line of Kalakaua Avenue, W••••••”
  • Ka'anapali, Maui: “B•••••••• C••••••, together with its joint venture partners, acquired the fee simple interest in the 500 room R•••• L•••••• R••••• located in Ka’anapali, Maui.”
Vehicles
2 on Form ADV
VehicleKindGAVOwnersReportedVintageLifecycleLifecycleName saysLPs
B•••••••• C•••••• O••••••••• F••• I•• L•••
805-6270729836
fund$235M GAV 2024702018 to 20242018HarvestingOpportunistic
B•••••••• C•••••• O••••••••• F••• I•••• L•••
805-6529216044
feeder$97M GAV 2024292019 to 20242019MatureOpportunistic
What do they actually own?
0 trusted of 0 candidate bindings
No validated holdings yet. Candidate bindings stay off this page until their rule passes the blind-label gate.
Properties the manager names on its site
  • R•••• L•••••• R•••••, Ka'anapali, Maui, HI (h••••) “••• Locked”
  • W•••••• G••••••• T••••, Kalakaua Avenue, W••••••, Honolulu, HI (mixed-use retail/office) “••• Locked”
  • P•••••• P••••, Maui Research and Technology Park, Kihei, Maui, HI (office) “••• Locked”
  • K•••••• B•••• H••••, HI (h••••) “••• Locked”
  • H•••• P•••• W••••••, W••••••, HI (h••••) “••• Locked”
  • K•••••••• V•••••• A•••••••••, HI (multifamily) “••• Locked”
  • I••••• C•••••, HI “••• Locked”
What are they buying, selling and financing?
0 acquisitions, 0 sales, 0 financings in 12 months
No attributed events yet. An event reaches this page only through a validated holding binding.
Who finances them?
0 loans, 0 lender groups
No recorded loans through trusted holdings.
Who backs them?
0 allocators, 0 rows
No institutional LP disclosure resolved to this manager.
People
Form ADV Schedule A, latest filing
  • I•• W••• M••••••••• Member since 2010-04 also on pe
  • B••• A••• K•••••••• Managing Member, Chairman And Chief Executive Officer since 2010-04 also on pe
  • H•••• A•• P••• Chief Financial Officer since 2011-01 also on pe
  • B•••• K••• L• Principal since 2011-01 also on pe
  • B••••••• J•• W••• Principal since 2011-01 also on pe
  • W••••••••• D• N••••• Principal And Chief Of Staff since 2019-01 also on pe
  • N••••• C••• C•••• Chief Compliance Officer And Chief Legal Officer since 2019-11 also on pe
What is changing?
  • Vehicle first reported Mar 31, 2019 (observed) ••• Locked
  • Vehicle first reported Mar 30, 2018 (observed) ••• Locked
  • First ADV filing on the tape Feb 8, 2018 (observed) ••• Locked
Across DFX

Bridged by shared CRD, CIK or SEC fund id only; the same institution’s PE portfolio companies and its real estate holdings stay on their own graphs.