In today’s ultra-competitive environment, the nation’s largest black-owned financial companies provide advisory services and manage assets, among other transactions, for customer segments that range from corporate leviathans and leading government agencies to African American institutions and black communities across the country. As such, BLACK ENTERPRISE has created the master lists in four distinct categories: Banks, Investment Banks, Asset Managers and Private Equity Firms.

FULL LIST

Banks List

RANK COMPANIES TOTAL ASSETS 
1 OneUnited Bank 656.198
2 Liberty Bank and Trust Co. 591.541
3 Carver Bancorp Inc. (Carver Federal Savings Bank) * 590.000
4 Industrial Bank 433.851
5 Citizens Bancshares Corp. (Citizens Trust Bank) * 411.073
6 Broadway Financial Corp. (Broadway Federal Bank) * 407.170
7 Harbor Bankshares Corp. (The Harbor Bank of Maryland) 282.599
8 First Independence Bank 257.244
9 M&F Bancorp Inc. (Mechanics & Farmers Bank) 257.200
10 City National Bank of New Jersey 167.570
11 GN Bank** 139.902
12 Citizens Savings Bank & Trust Co. 103.080
13 Unity National Bank 93.832
14 Tri-State Bank of Memphis 82.336
15 Commonwealth National Bank 47.261
     
  As of Dec. 31, 2018. Prepared by B.E. Research.  
     
  * Publicly traded but designated as a Minority Depository Institution by the FDIC.   
  ** Formerly Illinois Service Federal (ISF Bank)  

Asset Managers List

RANK COMPANIES 2019 ASSETS UNDER MANAGEMENT (IN BILLIONS)
1 Ariel Investments L.L.C. 11.600
2 Brown Capital Management L.L.C. 9.744
3 Advent Capital Management L.L.C. 8.459
4 Pugh Capital Management Inc. 6.333
5 Progress Investment Management Co. L.L.C. 6.280
6 Smith, Graham & Co. Investment Advisors L.P. 5.482
7 Capri Capital Partners L.L.C.* 3.400
8 Semper Capital Management L.P. 3.100
9 StoneRidge Beltraith Capital** 2.226
10 Channing Capital Management L.L.C. 2.000
     
  In billions of dollars. As of Dec. 31, 2018. Prepared by B.E. Research.  
  *Formerly Capri Investment Group  
  **Formerly StoneRidge Cos, parent company of StoneRidge Investment Partners L.L.C.  

Investment Banks List

TAXABLE SECURITIES
RANK COMPANIES LEAD ISSUES (IN MILLIONS)
1 Loop Capital Markets L.L.C. 498,792.00
2 The Williams Capital Group L.P. 11,615.00
3 CastleOak Securities L.P. 2,500.00
4 Siebert Cisneros Shank & Co. L.L.C. 1,100.00
5 Powell Capital Markets Inc. 0.289.00
TAX-EXEPT SECURITIES
RANK COMPANIES LEAD ISSUES (IN MILLIONS)
1 Loop Capital Markets L.L.C. 8,091.00
2 Siebert Cisneros Shank & Co. L.L.C. 5,400.00
3 Powell Capital Markets Inc. 117.54
4 The Williams Capital Group L.P. 0
5 Rice Financial Products Co. 0
     
  As of Dec. 31, 2018. Prepared by B.E. Research.  
     

Private Equity Firms

RANK COMPANIES Capital Under Mgmt (in millions)
1 Vista Equity Partners 46,000.000
2 Fairview Capital Partners Inc. 9,600.000
3 Stanfield Global Corp. 7,200.000
4 Grain Management L.L.C. 2,000.000
5 GenNx360 Capital Partners 1,400.000
5 ICV Partners L.L.C. 1,400.000
7 Muller & Monroe Asset Management L.L.C. 1,140.000
8 Pharos Capital Group L.L.C. 790.000
     
  As of Dec. 31, 2018. Prepared by B.E. Research.  
  * represents partnerships with more than 2,500 portfolio companies  
  ** fund invests in assets (cellular towers) rather than buying whole companies  

Bank List Summary

2018  
STAFF 1,099
TOTAL ASSETS* (IN MILLIONS) $4,520.863
CAPITAL* (IN MILLIONS) $390.544
DEPOSITS* (IN MILLIONS) $3,607.555
LOANS* (IN MILLIONS) $3,105.271
2017  
STAFF 1,135
TOTAL ASSETS* (IN MILLIONS) $4,678.103
CAPITAL* (IN MILLIONS) $391.73
DEPOSITS* (IN MILLIONS) $3,776.982
LOANS* (IN MILLIONS) $3,159.112
% CHANGE  
STAFF -3.17%
TOTAL ASSETS* (IN MILLIONS) -3.36%
CAPITAL* (IN MILLIONS) -0.30%
DEPOSITS* (IN MILLIONS) -4.49%
LOANS* (IN MILLIONS) 1.70%
*In millions of dollars. As of Dec. 31, 2018. Prepared by B.E. Research.

Asset Managers List Summary

2018  
STAFF 386
ASSETS UNDER MANAGEMENT* (IN BILLIONS) 58.624
2017  
STAFF 335
ASSETS UNDER MANAGEMENT* (IN BILLIONS) 62.675
% CHANGE (between 2019 & 2018)  
STAFF 15.22%
ASSETS UNDER MANAGEMENT* (IN BILLIONS) -6.46%
*In millions of dollars. As of Dec. 31, 2018. Prepared by B.E. Research.

Investment Banks Summary

TAXABLE SECURITIES
2018		  
STAFF 380
LEAD ISSUES TOTAL VALUE (IN MILLIONS) 514,007.289
LEAD NO. OF ISSUES 60
CO-LEAD ISSUES (IN MILLIONS) 574398.85
CO-LEAD NO OF. ISSUES 711
TOTAL ISSUES (IN MILLIONS) 863387.14
TOTAL NO. OF ISSUES 1112

TAXABLE SECURITIES
2017		  
STAFF 414
LEAD ISSUES TOTAL VALUE (IN MILLIONS) 11,577.470
LEAD NO. OF ISSUES 103
CO-LEAD ISSUES (IN MILLIONS) 745,470.97
CO-LEAD NO OF. ISSUES 704
TOTAL ISSUES (IN MILLIONS) 985,819.600
TOTAL NO. OF ISSUES 1073

TAXABLE SECURITIES
% CHANGE		  
STAFF -8.21%
LEAD ISSUES TOTAL VALUE (IN MILLIONS) 4,340%
LEAD NO. OF ISSUES -41.75%
CO-LEAD ISSUES (IN MILLIONS) -22.95%
CO-LEAD NO OF. ISSUES 0.99%
TOTAL ISSUES (IN MILLIONS) -12.42%
TOTAL NO. OF ISSUES 3.63%

TAX EXEMPT SECURITIES
2018		  
STAFF 358
LEAD ISSUES TOTAL VALUE (IN MILLIONS) 13,608.540
LEAD NO. OF ISSUES 83
CO-LEAD ISSUES (IN MILLIONS) 150,181.920
CO-LEAD NO OF. ISSUES 1,143
TOTAL ISSUES (IN MILLIONS) 182,790.490
TOTAL NO. OF ISSUES 1270

TAX EXEMPT SECURITIES
2017		  
STAFF 364
LEAD ISSUES TOTAL VALUE (IN MILLIONS) 22,574.210
LEAD NO. OF ISSUES 78
CO-LEAD ISSUES (IN MILLIONS) 180,022.094
CO-LEAD NO OF. ISSUES 1,268
TOTAL ISSUES (IN MILLIONS) 240,051.398
TOTAL NO. OF ISSUES 1462

TAX EXEMPT SECURITIES
% CHANGE		  
STAFF -1.65%
LEAD ISSUES TOTAL VALUE (IN MILLIONS) 39.72
LEAD NO. OF ISSUES 6.41
CO-LEAD ISSUES (IN MILLIONS) -16.58%
CO-LEAD NO OF. ISSUES -9.86%
TOTAL ISSUES (IN MILLIONS) -23.85%
TOTAL NO. OF ISSUES 13.13%
As of Dec. 31, 2018. Prepared by B.E. Research.  

Private Equity Firms Summary

2018  
STAFF 552
ASSETS UNDER MANAGEMENT 69,530.000
NUMBER OF FUNDS 61
TOATL NUMBERS OF PORTFOLIO COMPANIES 739
As of Dec. 31, 2018. Prepared by B.E. Research.


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