Data / Investment advisers / Minnesota / Black Lake Investments LLC
Black Lake Investments LLC, Wayzata, MN: $1.2 billion AUM, SEC registered investment adviser
Updated November 7, 2026. Source: the SEC's Form ADV data files for investment advisers.
Black Lake Investments LLC is an SEC registered investment adviser with its main office in Wayzata, Minnesota and reports $1.2 billion in regulatory assets under management in its Form ADV filed April 29, 2026. Its clients include corporations and other businesses. It is paid through a percentage of assets under management, fixed fees and performance based fees.
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- Registration
- SEC registered investment adviser
- CRD number
- 334605
- SEC file number
- 801-132126
- SEC status
- Approved, effective March 7, 2025
- Main office
- 985 Lake Street E, Suite 100, Wayzata, MN 55391
- Phone
- (215) 913-2782
- Website
- blacklakeinvestments.com
- Regulatory AUM
- $1,189,319,275 in the Form ADV filed April 29, 2026
- Non discretionary AUM
- $1,189,319,275
- Accounts
- 1
- Employees
- 5, of which 3 give investment advice
- Form of organization
- Limited Liability Company
- Paid through
- a percentage of assets under management, fixed fees, performance based fees
- Form ADV Item 11 disclosures
- None reported
- Latest Form ADV filing
- April 29, 2026
- SEC record
- Investment Adviser Public Disclosure
Clients
Client types the adviser reports in Form ADV item 5.D, with the AUM it attributes to each.
| Client type | Clients | AUM |
|---|---|---|
| Corporations or other businesses | Fewer than 5 | $1.19 billion |
AUM in the SEC's monthly files
Each change in the AUM the adviser reported across the monthly SEC files held here, with the first file that shows the new value.
| First in the file of | AUM | Form ADV filed |
|---|---|---|
| April 1, 2026 | $1.19 billion | March 30, 2026 |
| December 1, 2025 | $800.8 million | November 18, 2025 |
Other advisers in Wayzata
| Adviser | City | AUM | Private funds | Source |
|---|---|---|---|---|
| Garda Capital Partners | Wayzata | $207.10 billion | 1 | adviserinfo.sec.gov |
| Walleye Capital LLC | Wayzata | $52.11 billion | 5 | adviserinfo.sec.gov |
| Minneapolis Portfolio Management Group, LLC | Wayzata | $1.10 billion | Not listed | adviserinfo.sec.gov |
| North Sky Capital, LLC | Wayzata | $986.1 million | 15 | adviserinfo.sec.gov |
| Estuary Capital Management LP | Wayzata | $853.9 million | 1 | adviserinfo.sec.gov |
| 360 Financial | Wayzata | $700.5 million | Not listed | adviserinfo.sec.gov |
| Fiat Wealth Management | Wayzata | $517.4 million | Not listed | adviserinfo.sec.gov |
Also on SpecStream
- Investment advisers in Wayzata, MN
- Investment advisers in Minnesota
- Advisers with $1 billion to $10 billion in AUM
- Advisers serving corporations and other businesses
- Black Lake Investments LLC on the SEC's adviser search
Public data published by the US Securities and Exchange Commission (US government work). Advisers report these values themselves in Form ADV, and neither the SEC nor the states approve or guarantee them. AUM is regulatory assets under management as the adviser reported it in Form ADV item 5.F, which can differ from the AUM a firm quotes elsewhere. Exempt reporting advisers do not report AUM. Office address, phone and website are the adviser's main office as filed; a firm that files its main office as a private residence shows no street address or phone. An Item 11 disclosure is a reported event, not a finding about the firm today. Details for each firm are on the SEC's Investment Adviser Public Disclosure site. This page uses SEC data and is not endorsed or certified by the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.