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Blackfield Capital Management
Blackfield Capital Management, led by Howard Fischer, runs a concentrated permanent-capital portfolio of late-stage private tech companies including eToro.
Blackfield Capital Management
BLACKFIELD CAPITAL MANAGEMENT LLC is an SEC-registered investment adviser in ROCKVILLE, MD. The firm manages approximately $55 million in regulatory assets. It has 2 employees and 2 investment advisers.
General information
Firm type
Asset Manager
Year founded
2009
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Rockville
Corporate office
New York, NY, United States
Principals
Howard Fischer
Managing Partner
Sector focus
Frequently asked questions
Who makes investment decisions at Blackfield Capital Management?
Howard Fischer, the managing partner and founder, makes portfolio decisions. He founded Blackfield in 2009 after running Basso Capital Management, a hedge fund. No additional investment committee members or co-managers are publicly disclosed.
How is Blackfield structured differently from a typical venture capital fund?
Blackfield operates through a permanent-capital vehicle — the Blackfield Growth Fund — listed on the Tel Aviv Stock Exchange, rather than through a blind-pool partnership with a fixed 8–12 year life. This structure allows the firm to hold portfolio companies beyond IPO without forced distribution pressures that standard VC funds face.
What is Blackfield's typical investment size and stage preference?
The firm writes minority-equity checks between $25 million and $75 million, targeting private technology companies that have reached late-stage development — typically post-Series C, with clear public-market trajectories. Position count stays low, between 8 and 12 active holdings.
Which public portfolio companies have been associated with Blackfield?
Palantir Technologies was a disclosed position held prior to its 2020 direct listing. eToro, the social-trading platform, was another name identified through public filings surrounding its attempted SPAC merger. Both positions illustrate the firm's pattern of acquiring stakes well ahead of anticipated liquidity events.
Does Blackfield participate in fund commitments or only direct deals?
Public record points exclusively to direct minority investments in operating companies. There is no evidence of Blackfield committing capital as a limited partner to third-party venture funds, nor participating in co-investment clubs alongside other managers.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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