# BLACKSAND CAPITAL, LLC

BLACKSAND CAPITAL, LLC of HONOLULU, HI is an SEC-registered investment adviser.

## Registration

- CRD: 291612
- Type: SEC-registered investment adviser
- SEC file number: 801-112601
- Location: 2270 KALAKAUA AVENUE, SUITE 1788, HONOLULU, HI, 96815-2519
- Phone: 808-738-8400
- Latest filing: 2026-03-31
- Regulatory AUM: $506.3M
- Discretionary AUM: $506.3M
- Clients: 7
- Accounts: 13

## Business model

- Compensation: % of AUM, Performance
- Clients served: Investment cos

## Officers, owners & control persons (18)

| Name | Role | Location |
| --- | --- | --- |
| [Benjamin Jay Wang](https://search.stillhousedata.com/person/607466) | PRINCIPAL | Honolulu, HI |
| [Ian West MacNaughton](https://search.stillhousedata.com/person/607472) | MEMBER | Honolulu, HI |
| [Holly Ann Park](https://search.stillhousedata.com/person/607474) | CHIEF FINANCIAL OFFICER | Honolulu, HI |
| [Bert Akio Kobayashi](https://search.stillhousedata.com/person/712507) | MANAGING MEMBER, CHAIRMAN AND CHIEF EXECUTIVE OFFICER | — |
| [Bryan KK Li](https://search.stillhousedata.com/person/712508) | PRINCIPAL | — |
| [Nicole CE Chang](https://search.stillhousedata.com/person/712509) | CHIEF COMPLIANCE OFFICER AND CHIEF LEGAL OFFICER | — |
| [William-Khoa D Nguyen](https://search.stillhousedata.com/person/712510) | PRINCIPAL AND CHIEF OF STAFF | — |
| [NGUYEN BRIAN D](https://search.stillhousedata.com/person/788704) | PRINCIPAL AND CHIEF OF STAFF; VICE PRESIDENT OF BLACKSAND CAPITAL, LLC | — |
| [MACNAUGHTON IAN WEST](https://search.stillhousedata.com/person/830140) | MEMBER; MEMBER AND MANAGER OF BLACKSAND CAPITAL, LLC; MEMBER, MANAGER, AND MANAGING PARTNER OF BLACKSAND CAPITAL, LLC (+1 more) | — |
| [KOBAYASHI BERT AKIO](https://search.stillhousedata.com/person/830141) | MANAGING MEMBER, CHAIRMAN AND CHIEF EXECUTIVE OFFICER; MEMBER, MANAGER, AND MANAGING PARTNER OF BLACKSAND CAPITAL, LLC; MEMBER, MANAGER, CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF BLACKSAND CAPITAL, LLC | — |
| [PARK HOLLY ANN](https://search.stillhousedata.com/person/830142) | CCO, VICE PRESIDENT, CHIEF FINANCIAL OFFICER, AND TREASURER OF BLACKSAND CAPITAL, LLC; CHIEF FINANCIAL OFFICER; VICE PRESIDENT, CHIEF FINANCIAL OFFICER, AND TREASURER OF BLACKSAND CAPITAL, LLC | — |
| [LI BRYAN KK](https://search.stillhousedata.com/person/830143) | EVP AND SECRETARY OF BLACKSAND CAPITAL, LLC; PRINCIPAL | — |
| [WANG BENJAMIN JAY](https://search.stillhousedata.com/person/830144) | EVP OF BLACKSAND CAPITAL, LLC; PRINCIPAL | — |
| [PURPURA MICHAEL MARTY](https://search.stillhousedata.com/person/849948) | EVP, CLO, AND CCO OF BLACKSAND CAPITAL, LLC | — |
| [CHANG NICOLE CE](https://search.stillhousedata.com/person/854746) | CHIEF COMPLIANCE OFFICER; CHIEF COMPLIANCE OFFICER AND CHIEF LEGAL OFFICER | — |
| [Bryan K.K. Li](https://search.stillhousedata.com/person/1004076) | PRINCIPAL | — |
| [William-Khoa D. Nguyen](https://search.stillhousedata.com/person/1004078) | PRINCIPAL AND CHIEF OF STAFF | — |
| [Nicole C.E. Chang](https://search.stillhousedata.com/person/1004079) | CHIEF COMPLIANCE OFFICER AND CHIEF LEGAL OFFICER | — |


## Private funds (11)

Mix: Real Estate Fund 2 · Private Equity Fund 9

| Fund | Type | Formed | Owners | GAV | Min investment |
| --- | --- | --- | --- | --- | --- |
| BLACKSAND CAPITAL OPPORTUNITY FUND II, L.P. | Real Estate Fund | Delaware | 70 | $180.1M | $1.0M |
| BLACKSAND CAPITAL OPPORTUNITY FUND II-A, L.P. | Real Estate Fund | Delaware | 29 | $90.7M | $1.0M |
| BLACKSAND KUILEI PE CO-INVEST II, L.P. | Private Equity Fund | Delaware | 13 | $49.2M | — |
| BLACKSAND ALIA PE INTERNATIONAL CO-INVEST, L.P. | Private Equity Fund | Delaware | 13 | $47.1M | — |
| BLACKSAND PE CO-INVEST, L.P. | Private Equity Fund | Delaware | 18 | $37.1M | — |
| BLACKSAND KUILEI CE CO-INVEST, L.P. | Private Equity Fund | Delaware | 1 | $18.9M | — |
| BLACKSAND RLR DOMESTIC CO-INVEST, LP | Private Equity Fund | Delaware | 15 | $18.4M | — |
| BLACKSAND RLR INTERNATIONAL CO-INVEST, LP | Private Equity Fund | Delaware | 20 | $14.3M | — |
| BLACKSAND ALIA CE INTERNATIONAL CO-INVEST, L.P. | Private Equity Fund | Delaware | 1 | $14.3M | — |
| BLACKSAND CE (DOMESTIC) CO-INVEST, L.P. | Private Equity Fund | Delaware | 11 | $7.8M | — |
| BLACKSAND CE (INTERNATIONAL) CO-INVEST, L.P. | Private Equity Fund | Delaware | 3 | $2.9M | — |


## Related pages

- Form ADV Part 2 brochure: https://search.stillhousedata.com/firm/291612/brochure
- Similar advisers: https://search.stillhousedata.com/firm/291612/similar
- Related entities: https://search.stillhousedata.com/firm/291612/related
- SEC IAPD (source of record): https://adviserinfo.sec.gov/firm/summary/291612

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Source: public SEC Form ADV data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.