# BlackSand Capital

BlackSand Capital is a RIA based in Honolulu, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** Honolulu, United States
- **Region:** North America
- **Address:** Honolulu, HI, United States
- **Assets under management:** Undisclosed
- **Website:** blacksandcapital.com
- **LinkedIn:** https://www.linkedin.com/company/blacksand-capital-llc

## Regulatory record

- **CRD number:** 291612
- **SEC file number:** 801-112601
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/291612

## About

BlackSand Capital is an SEC-registered investment adviser in Honolulu, HI, registered since 2018. The firm manages approximately $506 million in regulatory assets. It has 7 employees and 7 investment advisers.

## Sectors

- Real Estate

## Questions

### Does BlackSand Capital invest outside of Hawaii?

Yes, but selectively. The firm has participated in West Coast hospitality investments, including a co-investment with Pacific Hospitality Group in California. Its core concentration remains Hawaii's resort and commercial real estate markets, where it has deployed the majority of its disclosed capital.

### What type of real estate transactions does BlackSand Capital pursue?

The firm targets trophy hospitality, luxury resort, and high-end retail assets in Hawaii with occasional multifamily exposure. It favors direct asset acquisitions and joint ventures with institutional operators rather than passive fund commitments. Its deals often involve acquiring and repositioning legacy resort properties, holding them for extended periods rather than flipping on opportunistic timelines.

### How large is BlackSand Capital's portfolio or AUM?

BlackSand Capital has not publicly disclosed its aggregate assets under management or total portfolio value. Individual transaction values — for instance, the roughly $500 million acquisition of the Four Seasons Maui — give a partial window into its capacity, but no authoritative aggregate figure exists in the public record.

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Last updated: 2026-07-06T01:24:12.510Z

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