Founded in 2010, BlackSand Capital is a Hawaii-specialist private equity firm headquartered in Honolulu. Led by Chairman and CEO B.J. Kobayashi, BlackSand is the only Hawaii-focused real estate private equity firm, distinguished by its integrity, creativity, and intimate knowledge of the local market. The firm has overseen the investment of approximately $5 billion in Hawaii properties.
BlackSand Capital invests across multiple real estate sectors including hospitality, residential condominiums, workforce housing, retail, office, and industrial properties. Select investments include Kaimana Beach Hotel, Hyatt Place Waikiki, Waikiki Galleria Tower ($270M acquisition), Kapiolani Village Apartments, Royal Lahaina Resort, and the Premier Place office building on Maui. Their philosophy: 78% of investors are Hawaii-based — keeping investment dollars local.
BlackSand Capital founded and manages XLR8®, a series of community-focused accelerator and incubator programs. XLR8UH® is an award-winning venture accelerator investing in University of Hawaii entrepreneurs and technologies — ranked by Forbes as one of the top 30 accelerators in the nation. XLR8HI® serves as Hawaii's Entrepreneurship Center, and XLR8YOUTH™ is a first-of-its-kind innovation intensive for youth. In 2024, BlackSand Capital acquired Acasia Group, expanding its global reach into the Middle East, Africa, and beyond.
Honolulu, Hawaii, United States · Tel: (808) 722-6360
"Our investor base is composed primarily of people who live in or have a deep connection to Hawaii. We are proud to be locally owned."
Apply to the Apex Startup Discovery Program
Aligned with BlackSand Capital' investment focus. Precondition: You must be an Apex Participant to submit. Registration is complimentary and includes 2 Golden Ads. This project is part of Apex Master Expos.
Apex Ecosystem with Golden Ads
"Who I Am · What I Want"
Complimentary for Apex Participants. Become an Apex Participant at myapex.me — registration is complimentary and includes 2 Golden Ads. Part of Apex Master Expos.
Apex is a living ecosystem — one of its kind. A decentralized, member-owned global business platform across 80+ countries where preferred venture partners such as BlackSand Capital can explore early-stage innovation quietly and selectively, while founders showcase on their MySite and gain clarity on what long-term investors truly seek. No middleman. By members, for members.