Blackgold Capital Management Lp
SEC-registered
Private Fund Manager · Small ($100M–$1B)
CRD 139804
· SEC file 801-66438
· Houston, TX
· www.linkedin.com
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ADV data as of Apr 10, 2026
- Regulatory AUM
- $133M
- Discretionary
- $133M
- Clients
- 7
- Avg AUM / client
- $19.0M
- Accounts
- 8
- Employees
- 4
AUM over time
$133M
$2.0B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Apr 10, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | Fewer than 5 clients | $1.3M | 1.01% |
| Pooled investment vehicles (non-investment companies) | 7 | $132M | 99.0% |
Private funds (11)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $454M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Blackgold Private Energy Partners Ii Lp | Private Equity Fund | Texas | $185M | 7 |
| Blackgold Spv Iii Lp | Private Equity Fund | Texas | $54.3M | 11 |
| Blackgold Spv I Lp | Private Equity Fund | Texas | $53.0M | 84 |
| Blackgold Spv V Lp | Private Equity Fund | Texas | $45.6M | 4 |
| Blackgold Spv Ii Lp | Private Equity Fund | Texas | $45.4M | 14 |
| Blackgold Spv Iv Lp | Private Equity Fund | Texas | $28.1M | 2 |
| Blackgold Opportunity Fund Lp master | Hedge Fund | Texas | $21.2M | 206 |
| Blackgold Spv Vi Lp | Private Equity Fund | Delaware | $10.9M | 1 |
| Blackgold Opportunity Fund Private Lp | Private Equity Fund | Texas | $9.1M | 12 |
| Blackgold Mpe Lp | Private Equity Fund | Texas | $1.1M | 1 |
| Blackgold Private Energy Partners Lp | Private Equity Fund | Texas | $0 | 8 |
People (5)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Adam Joseph Flikerski | Limited Partner | Feb 2006 (21y) | 25% – 50% | |
| Erik Dybesland | Member | Feb 2006 (21y) | ≈ 0% – 2.5% via Blackgold Capital Advisors Llc | |
| Kravis, Henry, R | Class A Shareholder | Oct 2009 (17y) | 25% – 50% of Kkr Holdings Gp Limited (indirect) | |
| Roberts, George, Rosenberg | Class A Shareholder | Oct 2009 (17y) | 25% – 50% of Kkr Holdings Gp Limited (indirect) | |
| Jones, Stephen, Paul | Cco | Sep 2020 (6y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Kkr Management Holdings L.P. | Limited Partner | Jul 2014 | A | 10% – 25% |
| Blackgold Capital Advisors Llc | General Partner | Feb 2006 | A | Less than 5% |
| Kkr Group Holdings L.P. | Shareholder | Jul 2009 | B | ≈ 1.88% – 12.5% via Kkr Management Holdings Corp. |
| Kkr & Co. L.P. | Limited Partner | Jul 2010 | B | ≈ 1.41% – 12.5% via Kkr Group Holdings L.P. |
| Kkr Holdings L.P. | Member | Oct 2009 | B | ≈ 3.75% – 18.75% via Kkr & Co. L.L.C. |
| Kkr & Co. L.L.C. | Limited Partner | Oct 2009 | B | ≈ 5% – 18.75% via Kkr Management Holdings L.P. |
| Kkr Management Holdings Corp. | General Partner | Jul 2008 | B | ≈ 2.5% – 12.5% via Kkr Management Holdings L.P. |
| Kkr Group Limited | General Partner | Jul 2009 | B | GP / trustee / elected manager of Kkr Group Holdings L.P. (indirect) |
| Kkr Holdings Gp Limited | General Partner | Aug 2007 | B | GP / trustee / elected manager of Kkr Holdings L.P. (indirect) |
Undisclosed: 0% – 40% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Erik Dybesland: 25% – 50% of Blackgold Capital Advisors Llc × 0% – 5% direct ≈ 0% – 2.5% of the firm
- Kkr Group Holdings L.P.: 75% – 100% of Kkr Management Holdings Corp. × 25% – 50% of Kkr Management Holdings L.P. × 10% – 25% direct ≈ 1.88% – 12.5% of the firm
- Kkr & Co. L.P.: 75% – 100% of Kkr Group Holdings L.P. × 75% – 100% of Kkr Management Holdings Corp. × 25% – 50% of Kkr Management Holdings L.P. × 10% – 25% direct ≈ 1.41% – 12.5% of the firm
- Kkr Holdings L.P.: 75% – 100% of Kkr & Co. L.L.C. × 50% – 75% of Kkr Management Holdings L.P. × 10% – 25% direct ≈ 3.75% – 18.75% of the firm
- Kkr & Co. L.L.C.: 50% – 75% of Kkr Management Holdings L.P. × 10% – 25% direct ≈ 5% – 18.75% of the firm
- Kkr Management Holdings Corp.: 25% – 50% of Kkr Management Holdings L.P. × 10% – 25% direct ≈ 2.5% – 12.5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (11, $454M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Blackgold Private Energy Partners Ii Lp | Private Equity Fund | $185M | $5.0M | 7 |
| Blackgold Spv Iii Lp | Private Equity Fund | $54.3M | $0 | 11 |
| Blackgold Spv I Lp | Private Equity Fund | $53.0M | $0 | 84 |
| Blackgold Spv V Lp | Private Equity Fund | $45.6M | $0 | 4 |
| Blackgold Spv Ii Lp | Private Equity Fund | $45.4M | $0 | 14 |
| Blackgold Spv Iv Lp | Private Equity Fund | $28.1M | $0 | 2 |
| Blackgold Opportunity Fund Lp | Hedge Fund | $21.2M | $5.0M | 206 |
| Blackgold Spv Vi Lp | Private Equity Fund | $10.9M | $0 | 1 |
| Blackgold Opportunity Fund Private Lp | Private Equity Fund | $9.1M | $0 | 12 |
| Blackgold Mpe Lp | Private Equity Fund | $1.1M | $0 | 1 |
| Blackgold Private Energy Partners Lp | Private Equity Fund | $0 | $0 | 8 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/10/2026 | 2.64 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
Custody
Reported custodians
- Northern Trust $40.0M (7% of AUM) Mar 2024
- State Street $30.5M (5% of AUM) May 2023
- Jefferies Execution Services, Inc. $16.6M (1% of AUM) Apr 2018
- J.P. Morgan $7.3M (1% of AUM) May 2023
- BNY Mellon $1.3M (1% of AUM) Apr 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 10, 2026.
View current Form ADV (SEC/IAPD) ↗