SUBJECT-0615.dossier · company · status: active
BI
subject of file

BlackRock Financial Management, Inc.

Investment manager for Maiden Lane LLC portfolio under multi-year contract with FRBNY
Tracked because Investment manager for Maiden Lane LLC portfolio under multi-year contract with FRBNY · 13 documented connections
Facts on record19
Connections mapped13
Sources cited31
Evidence: 13P+5 1S 5I
Network web → Timeline → Compare with… → Position Drift → Coverage tone → View on Graph → View Card → Export CSV JSON Dossier ← Entity Directory
Stated vs Revealed
No documented contradictions on file.
PATTERN person → [regulatory filing] → government agency → [regul... 8424× PATTERN company → [regulatory filing] → government agency → [regu... 5356× PATTERN government agency → [regulatory filing] → government agen... 3121× PATTERN company → [oversight] → government agency → [regulatory f... 2394× PATTERN organization → [regulatory filing] → government agency → ... 2392×
Connection Map
Key Connections
→ BlackRock company
subsidiary
BlackRock Financial Management, Inc. is a direct subsidiary of BlackRock Holdco 2, Inc., ultimately held by BlackRock, Inc. (NYSE: BLK).
→ JPMorgan Chase company
financial_arrangement
The FRBNY extended a $28.82 billion senior loan and JPMorgan Chase extended a $1.15 billion loan to Maiden Lane LLC, for which BlackRock was hired to manage the portfolio.
→ Bear Stearns company
asset_management
BlackRock was retained to manage and liquidate the Maiden Lane LLC portfolio of Bear Stearns assets. BlackRock and Ernst & Young conducted due diligence review of Bear Stearns assets for eligibility for purchase by Maiden Lane LLC.
← Investment Support Office government agency
co_manager
Both Investment Support Office and BlackRock Financial Management, Inc. are involved in managing Maiden Lane Commercial Mortgage Backed Securities Trust 2008-1 and related entities
→ Government Accountability Office government agency
audit_subject
The GAO's 2011 audit (GAO-11-616) confirmed that FRBNY hired BlackRock 'to manage the portfolio and to advise on a strategy for investing and disposing of the assets' and that the contract was awarded through non-competitive procurement.
→ Securities and Exchange Commission government agency
regulatory_filing
BlackRock Financial Management, Inc. filed a filing with the SEC on 2019-07-03. It is registered as an investment adviser with the SEC (CRD #107105).
← Rialto Capital Management LLC company
co-participant
Both Rialto Capital Management LLC and BlackRock Financial Management, Inc. are listed as participants in the Public-Private Investment Program (PPIP).
→ Ernst & Young company
joint_advisors
Both firms served as advisors to FRBNY for due diligence review of Bear Stearns assets
Facts (19)
Data Freshness
Ageing Last update: 161d ago · Avg age: 2644d
Confidence Tiers: Primary Source — cross-referenced government/corporate filings Pending Review — sourced but not independently verified AI Inference — analytical hypothesis from cross-referencing
✓ Verified Findings (14)
Independently re-checked: a second model read the source artifact and confirmed it supports the extracted claim.
✓ verified Primary Source The company is a direct subsidiary of BlackRock Holdco 2, Inc., ultimately held by BlackRock, Inc. It is incorporated in Delaware and has its principal office at 50 Hudson Yards, New York, NY 10001.
✓ verified Primary Source On November 25, 2008, BlackRock Financial Management, Inc. signed an Investment Management Agreement for Maiden Lane III, a $30 billion portfolio created to purchase toxic CDO assets from AIG counterparties. The 41-page agreement named BlackRock as the sole 'Manager' for the collateral.
✓ verified Primary Source The FRBNY extended a $28.82 billion senior loan and JPMorgan Chase extended a $1.15 billion loan to Maiden Lane LLC. BlackRock was hired to manage the portfolio under FRBNY guidelines designed to maximize recovery value and minimize market disruption.
✓ verified Primary Source As of February 2026, BlackRock Financial Management, Inc. manages approximately $1.33 trillion in assets across 2,269 accounts, with 147 licensed advisors and 70 high-net-worth clients. It is registered as an investment adviser with the SEC (CRD #107105).
✓ verified Primary Source The GAO's 2011 audit (GAO-11-616) confirmed that FRBNY hired BlackRock 'to manage the portfolio and to advise on a strategy for investing and disposing of the assets' and that the contract was awarded through non-competitive procurement.
✓ verified Primary Source On March 24, 2008, the Federal Reserve Bank of New York announced that BlackRock Financial Management, Inc. was retained to manage and liquidate the $30 billion Maiden Lane LLC portfolio of Bear Stearns assets. The firm was selected through a no-bid contract exempt from Federal Acquisition Regulations.
✓ verified Primary Source BlackRock's Maiden Lane contracts have been consistently criticized for opacity: the New York Times reported in 2020 that even today 'the full details of what the firm earned have not been disclosed.' The contracts are exempt from Federal Acquisition Regulations.
✓ verified Primary Source The Maiden Lane III Investment Management Agreement explicitly grants BlackRock a two-year reinvestment period during which all portfolio cash flows would be reinvested, and FRBNY could not receive repayment without penalty during that period.
✓ verified Primary Source BlackRock Financial Management, Inc. was founded in 1994 and is a direct subsidiary of BlackRock Holdco 2, Inc., ultimately held by BlackRock, Inc. (NYSE: BLK). It is incorporated in Delaware and headquartered at 50 Hudson Yards, New York.
✓ verified Primary Source In March 2020, the Federal Reserve again tapped BlackRock to manage two corporate bond-buying programs in response to the coronavirus pandemic. A BlackRock subsidiary reportedly advised on the purchase of billions in corporate bonds and ETFs.
✓ verified Partially Corroborated BlackRock Financial Management, Inc. filed filing with the SEC on 2019-07-03. Accession number: N/A.
✓ verified Primary Source BlackRock Financial Management managed Maiden Lane LLC's investment portfolio under guidance from the FRBNY through December 31, 2015
✓ verified Primary Source BlackRock Financial Management Inc. and Ernst & Young conducted due diligence review of Bear Stearns assets for adherence to eligibility criteria for purchase by Maiden Lane LLC
✓ verified Primary Source BlackRock Financial Management Inc. was appointed by the Federal Reserve Bank of New York as investment manager for Maiden Lane LLC under a multi-year contract
All Connections (13)
→ Ernst & Young company
joint_advisors confirmed
Both firms served as advisors to FRBNY for due diligence review of Bear Stearns assets
→ BlackRock company
subsidiary primary since 1994
BlackRock Financial Management, Inc. is a direct subsidiary of BlackRock Holdco 2, Inc., ultimately held by BlackRock, Inc. (NYSE: BLK).
→ JPMorgan Chase company
financial_arrangement primary since 2008
The FRBNY extended a $28.82 billion senior loan and JPMorgan Chase extended a $1.15 billion loan to Maiden Lane LLC, for which BlackRock was hired to manage the portfolio.
→ Bear Stearns company
asset_management primary since 2008
BlackRock was retained to manage and liquidate the Maiden Lane LLC portfolio of Bear Stearns assets. BlackRock and Ernst & Young conducted due diligence review of Bear Stearns assets for eligibility for purchase by Maiden Lane LLC.
→ Securities and Exchange Commission government agency
regulatory_filing primary since 2019
BlackRock Financial Management, Inc. filed a filing with the SEC on 2019-07-03. It is registered as an investment adviser with the SEC (CRD #107105).
→ Government Accountability Office government agency
audit_subject primary since 2011
The GAO's 2011 audit (GAO-11-616) confirmed that FRBNY hired BlackRock 'to manage the portfolio and to advise on a strategy for investing and disposing of the assets' and that the contract was awarded through non-competitive procurement.
← Maiden Lane LLC instrument
investor confirmed
BlackRock served as investment manager and advisor for asset management
← Investment Support Office government agency
co_manager primary since 2008
Both Investment Support Office and BlackRock Financial Management, Inc. are involved in managing Maiden Lane Commercial Mortgage Backed Securities Trust 2008-1 and related entities
management_agent secondary since 2008
BlackRock was engaged to manage the Maiden Lane portfolios created alongside the PDCF as part of the crisis response.
co-participant primary since 2025
Both Rialto Capital Management LLC and BlackRock Financial Management, Inc. are listed as participants in the Public-Private Investment Program (PPIP).
← Henry Paulson person
contractor secondary since 2008
The Federal Reserve Bank of New York hired BlackRock under Paulson's Treasury oversight to manage Maiden Lane LLC portfolios, including those from Bear Stearns.
contractor confirmed
FRBNY contracted BlackRock as investment manager and due diligence advisor for Maiden Lane operations
← New York City Comptroller government agency
investor inferential since 2025
In November 2025, Comptroller Brad Lander recommended that three NYC pension funds drop asset manager BlackRock ($42 billion) due to inadequate decarbonization plans under the funds' Net Zero Implementation Plan. BlackRock Financial Management, Inc. is a subsidiary of BlackRock.
Sources (31)
2007-04-03 ↗ SEC EDGAR: 4 — BLACKROCK FINANCIAL MANAGEMENT INC (2007-04-03) sec_filing Processed 📜 Receipt
2020-02-13 ↗ SEC EDGAR: 4 — BLACKROCK FINANCIAL MANAGEMENT INC/DE (2020-02-13) sec_filing Processed 📜 Receipt
2007-12-05 ↗ SEC EDGAR: 4 — BLACKROCK FINANCIAL MANAGEMENT INC (2007-12-05) sec_filing Processed 📜 Receipt
2022-06-28 ↗ SEC EDGAR: filing — BlackRock Financial Management, Inc. (2022-06-28) sec_filing Processed 📜 Receipt
2011-12-21 ↗ SEC EDGAR: filing — BlackRock Financial Management, Inc. (2011-12-21) sec_filing Processed 📜 Receipt
2026-05-09 UNVERIFIED SEARCH_ERROR: BlackRock Financial Management, Inc. not found in opencorporates claim_flag Processed 📜 Receipt
2008-08-27 ↗ SEC EDGAR: 4 — BLACKROCK FINANCIAL MANAGEMENT INC (2008-08-27) sec_filing Processed 📜 Receipt
2008-11-26 ↗ SEC EDGAR: 4 — BLACKROCK FINANCIAL MANAGEMENT INC (2008-11-26) sec_filing Processed 📜 Receipt
2019-07-03 ↗ SEC EDGAR: filing — BlackRock Financial Management, Inc. (2019-07-03) sec_filing Processed 📜 Receipt
2015-11-20 ↗ SEC EDGAR: filing — BlackRock Financial Management, Inc. (2015-11-20) sec_filing Processed 📜 Receipt
2013-12-17 ↗ SEC EDGAR: 4 — BLACKROCK FINANCIAL MANAGEMENT INC/DE (2013-12-17) sec_filing Processed 📜 Receipt
2005-02-25 ↗ Subsidiaries of BlackRock, Inc. — Exhibit 21.1 external_handoff Processed 📜 Receipt
2008-03-24 ↗ Statement on Financing Arrangement of JPMorgan Chase's Acquisition of Bear Stear… external_handoff Processed 📜 Receipt
2008-07-08 ↗ STB Represents the Federal Reserve Bank of New York in Approximately $30 Billion… external_handoff Processed 📜 Receipt
2011-07-21 ↗ Federal Reserve System: Opportunities Exist to Strengthen Policies and Processes… external_handoff Processed 📜 Receipt
2015-08-15 ↗ Vendor Information Archive: Response to the Global Financial Crisis external_handoff Processed 📜 Receipt
2010-08-23 ↗ Amended and Restated Investment Management Agreement (Maiden Lane III) external_handoff Processed 📜 Receipt
2008-06-26 ↗ New York Fed Completes Financing Arrangement Related to JPMorgan Chase's Acquisi… external_handoff Processed 📜 Receipt
2009-07-03 ↗ Investment Management Agreement for Maiden Lane III LLC external_handoff Processed 📜 Receipt
2020-03-25 ↗ The Fed Asks for BlackRock's Help in an Echo of 2008 external_handoff Processed 📜 Receipt
2026-02-27 ↗ BLACKROCK FINANCIAL MANAGEMENT, INC Wealth Management Profile external_handoff Processed 📜 Receipt
2008-03-24 ↗ Summary of Terms and Conditions Regarding the JPMorgan Chase Facility external_handoff Processed 📜 Receipt
2026 UNVERIFIED Research: BlackRock Financial Management, Inc. — Parliamentary records (no resul… parliamentary_record Processed 📜 Receipt
2026 UNVERIFIED Research: BlackRock Financial Management, Inc. — Court records (no results) court_document Processed 📜 Receipt
2026 UNVERIFIED Research: BlackRock Financial Management, Inc. — Lobbying disclosures (no result… government_disclosure Processed 📜 Receipt
2026 UNVERIFIED Research: BlackRock Financial Management, Inc. — Corporate registrations (no res… government_disclosure Processed 📜 Receipt
2026 UNVERIFIED Research: BlackRock Financial Management, Inc. — USASpending contracts (no resul… contract Processed 📜 Receipt
2019-07-03 ↗ SEC EDGAR: filing — BlackRock Financial Management, Inc. (2019-07-03) web_search Processed 📜 Receipt
2015-12-31 ↗ Maiden Lane LLC 2015 consolidated financial statements web_search Processed 📜 Receipt
2008-03-14 ↗ Federal Reserve Bank of New York Maiden Lane Transactions document web_search Processed 📜 Receipt
2008-06-26 ↗ Maiden Lane LLC consolidated financial statements and Federal Reserve documents web_search Processed 📜 Receipt