# Black Dragon Capital: portfolio, investments and team

> Black Dragon Capital is a private equity based in United States. 2 investments on record, latest Oct 2024. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/black-dragon-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Black Dragon Capital

Last cheque observed Oct 2024. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Private equity Quiet Last fund $77M, Sept 2021

Seed Series A Growth SaaS Collaboration Tools Software

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 2 on record

Since the last cheque **755** days **00** hrs **00** min **00** sec

Median round **$7.8M** Rounds led **0 of 2**

Pitch Black Dragon Capital

## Black Dragon Capital highlights

- 01 2 rounds on record
- 02 Mostly Seed and Series D: 100% of its rounds

## What they do

> Black Dragon Capital℠ is a technology focused investment firm formed by a team of experienced entrepreneurs and hands-on operators, with a track record of successful investing. From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Growth
- **Sectors:** SaaS Collaboration Tools Software
- **Based in:** Boca Raton, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **2 appearances**

- **2024** 1 round
- **Oct** **[OpenGradient](https://millionrounds.com/company/opengradient)** Seed · US · AlleyWatch **$8.5M** With 14 others
- **2019** 1 round
- **Jun** **[Payveris](https://millionrounds.com/company/payveris)** Series D · US · FinSMEs **$7.0M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **5 named**

AC **A. Christopher Ducanes** General Counsel i Form ADV

DJ **Daniel J. Consigli** CFO and CCO of Black Dragon Capital Investment Management, LLC, ""Investment Manager"" i Filing they signed

LH **Louis Hernandez** Chief Executive Officer i Form ADV

LH **Louis Hernandez, Jr.** Sole Member of Black Dragon Capital Fund I GP, LLC, ""General Partner"" i Filing they signed

WC **Wade Christopher Boylan** Chief Compliance Officer i Form ADV

We also hold **42** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$396M** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Black Dragon Capital Investment Management, LLC
- **SEC number:** CRD 312404

Funds on its Form ADV

**18** private funds, **$450M** in gross assets · filed Oct 2024

- BDC Fund I Coinvest I, L.P. *Private equity* 12 investors $241M
- Black Dragon Capital Fund I, L.P. *Private equity* 26 investors $78M
- Black Dragon Capital Series 1, L.P. *Private equity* 7 investors $53M
- Black Dragon Capital Accelerator II, L.P. *Private equity* 5 investors $16M
- Black Dragon Capital Accelerator V, L.P. *Private equity* 1 investor $16M
- Black Dragon Capital Series 1 Offshore, L.P. *Private equity* 1 investor $15M
- Black Dragon Capital Accelerator III, L.P. *Private equity* 3 investors $10M
- Black Dragon Capital Series 5A, L.P. *Private equity* 4 investors $7.7M
- Black Dragon Capital Series 10, L.P. *Private equity* 15 investors $6.7M
- Black Dragon Capital Series 10A, L.P. *Private equity* 13 investors $2.7M

And 8 more on the filing.

## Companies it bought

Acquisitions by the firm itself

**Enterworks, Inc.** **Undisclosed** Mar 2015

Latest fund on file

**$77M**

raised in Sept 2021

From its SEC filing. Nothing newer is on file yet.

## The cheque

Seed Series A Growth

Median round joined **$7.8M** the round, not its cheque

Led 0 of 2 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Oct 2024

Rounds by stage said on their site

- Seed said *1*
- Series D *1*
- Series A said *-*
- Growth said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies Black Dragon Capital put money into.

[**OpenGradient** $8.5M · Oct 2024](https://millionrounds.com/company/opengradient)[**Payveris** $7.0M · Jun 2019](https://millionrounds.com/company/payveris)

## Quick answers about Black Dragon Capital

### What does Black Dragon Capital invest in?

Black Dragon Capital invests most often at Seed and Series D (100% of the rounds on record), in sectors such as SaaS, Collaboration Tools and Software.

### How active is Black Dragon Capital?

2 investments on record, 0 of them in the last 12 months. The most recent was in Oct 2024.

### What has Black Dragon Capital invested in recently?

Its most recent investments on record: OpenGradient (Seed, Oct 2024) and Payveris (Series D, Jun 2019).

### How big are Black Dragon Capital's cheques?

The median round it joins is $7.8M.

### Is Black Dragon Capital investing now?

No investments in the last 12 months; the latest was in Oct 2024.

### What kind of investor is Black Dragon Capital?

Black Dragon Capital is a private equity firm based in Boca Raton, United States.

### How much does Black Dragon Capital manage?

About $396M, as regulatory assets under management (Oct 2026).

### Has Black Dragon Capital raised a new fund?

Its latest fund filing with the SEC was in Sept 2021, reporting $77M raised.

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