other names
{{ Info.Overview }}
Revenue {{ Info.Revenue | formatUSD }}
Headquarters {{ Info.Headquarters }}

Adviser Profile

As of Date 05/22/2024
Adviser Type - Large advisory firm
Number of Employees 9 12.50%
of those in investment advisory functions 8 14.29%
Registration SEC, Approved, 10/3/2013
AUM* 266,495,000 30.79%
of that, discretionary 266,495,000 30.79%
Private Fund GAV* 138,179,000 15.14%
Avg Account Size 38,070,714 30.79%
% High Net Worth 71.43%
SMA’s Yes
Private Funds 2
Contact Info 414 xxxxxxx
Websites

Client Types

- High net worth individuals
- Pooled investment vehicles

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
211M 180M 150M 120M 90M 60M 30M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count2 GAV$138,179,000

Similar advisers

Adviser Hedge Fund Liquidity Fund Private Equity Fund Real Estate Fund Securitized Asset Fund Venture Capital Fund Other Fund Total Private Fund GAV AUM #Funds
Adviser WINDSAIL CAPITAL GROUP, LLC Hedge Fund196.3m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV196.3m AUM196.3m #Funds1
Adviser QUANTITATIVE VALUE TECHNOLOGIES Hedge Fund5.9m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV5.9m AUM172.6m #Funds1
Adviser SMP ASSET MANAGEMENT, LLC Hedge Fund159.5m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV159.5m AUM200.4m #Funds1
Adviser EVERGREEN CAPITAL ASSOCIATES LLC Hedge Fund210.3m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV210.3m AUM204.9m #Funds6
Adviser BRIZO CAPITAL, LP Hedge Fund121.2m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV121.2m AUM217.8m #Funds1
Adviser BARCA CAPITAL, LLC Hedge Fund267.1m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV267.1m AUM287.3m #Funds1
Adviser WESTERLY CAPITAL MANAGEMENT LLC Hedge Fund242.5m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV242.5m AUM242.5m #Funds2
Adviser SPRINGHOUSE CAPITAL MANAGEMENT, LP Hedge Fund192.1m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV192.1m AUM192.1m #Funds1
Adviser URSA FUND MANAGEMENT LLC Hedge Fund59.2m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV59.2m AUM157.1m #Funds1
Adviser ALVENTO CAPITAL PARTNERS LLP Hedge Fund106.6m Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV106.6m AUM202.3m #Funds1

Brochure Summary

Overview

A. Describe your advisory firm, including how long you have been in business. Identify your principal owner(s). The registrant, Black Maple Capital Management LP, was formed in May 2013 and began investment management operations on or about September 3, 2013. Black Maple Capital Management LP controls and oversees the operations of Black Maple Capital Corporation and Black Maple Capital SAF GP LLC (the “Affiliated Management Entities”). Together with the Affiliated Management Entities, Black Maple Capital Management LP may be hereinafter referred to as “Black Maple,” the “Registrant,” the “Adviser,” or the “Investment Manager.” These definitions also may be used to refer to the Affiliated Management Entities separately. The Affiliated Management Entities are under the control and supervision of Black Maple Capital Management LP and serve as general partners to the private pooled investment vehicles advised by Black Maple. Black Maple Capital Corporation also serves as investment manager for certain of the Firm’s separately managed account clients, and is listed as a “relying adviser” in Section 1.B of Schedule D of Black Maple’s Form ADV Part 1A. As such, Black Maple Capital Corporation is considered to be registered with the U.S. Securities and Exchange Commission (the “SEC”) pursuant to the Investment Advisers Act of 1940 (the “Advisers Act”). To the degree applicable to its operations, the Affiliated Management Entities comply with the requirements of the Advisers Act. Black Maple provides investment management services to certain private pooled investment vehicles (each a “Fund” and collectively, the “Funds”), interests/shares in which are offered only to eligible investors on a private placement basis. The Funds are or will be structured as limited partnerships, limited liability companies or other types of corporate or business entities. In connection with providing these investment management services, Black Maple has been appointed as the general partner or Investment Manager of the Funds or is otherwise granted discretionary authorization with respect to investment transactions effected for the Funds. Black Maple also provides investment advisory services to separately managed account clients (each an “SMA Client” and collectively, the “SMA Clients”; together with the Funds, “Advisory Clients”). The principal owners of Black Maple Capital Management LP and are Robert Barnard and Veton Nimani. B. Describe the types of advisory services you offer. If you hold yourself out as specializing in a particular type of advisory service, such as financial planning, quantitative analysis, or market timing, explain the nature of that service in greater detail. If you provide investment advice only with respect
to limited types of investments, explain the type of investment advice you offer, and disclose that your advice is limited to those types of investments. Black Maple provides discretionary portfolio management services to private investment funds that are formed and organized in the United States and/or in foreign jurisdictions. Black Maple also provides investment advisory services to SMA Client accounts, and depending on the particular SMA Client agreement, may have authority to delegate all or a portion of its asset management authority to third party investment managers, subject to Black Maple’s oversight. Advisory services provided to SMA Clients are on a discretionary basis as set forth in the respective investment advisory agreement. C. Explain whether (and, if so, how) you tailor your advisory services to the individual needs of clients. Explain whether clients may impose restrictions on investing in certain securities or types of securities. Except as disclosed otherwise in the applicable Fund’s offering documents, Black Maple generally has full discretionary authority with respect to investment decisions for the Funds. Black Maple provides its investment advice with respect to each Fund in accordance with the investment objectives and guidelines set forth in such Fund’s respective offering documents (including any supplements thereto). When managing an SMA Client account, Black Maple provides investment advisory services in adherence with the written investment objectives or guidelines contained within the agreement between Black Maple and the applicable SMA Client. Upon termination of its investment discretion with respect to an SMA Client’s account, Black Maple is under no obligation to recommend any action with regard to any securities/assets held in such account. D. If you participate in wrap fee programs by providing portfolio management services, (1) describe the differences, if any, between how you manage wrap fee accounts and how you manage other accounts, and (2) explain that you receive a portion of the wrap fee for your services. Not Applicable E. If you manage client assets, disclose the amount of client assets you manage on a discretionary basis and the amount of client assets you manage on a non-discretionary basis. Disclose the date “as of” which you calculated the amounts. As of December 31, 2023, Black Maple managed “regulatory assets under management,” as reported in Item 5.F in its ADV Part 1A, of approximately US $266,495,000 on a discretionary basis. As of the date of this Brochure, Black Maple does not manage any client assets on a non-discretionary basis.