Our Team

The financing professionals at BlackSand Capital possess extensive real estate and capital markets experience, having overseen the investment of approximately $4 billion across all property sectors since 2000.

B.J. Kobayashi
Nothing can replace the competitive advantage of local presence in a unique environment that demands creativity, flexibility, and decisive action.
Ian MacNaughton
As third generation investors in Hawaii, our reputation for integrity and leadership matters even more than our innovative market expertise.

Bryan K.K. Li

Executive Vice President

Bryan Li is a member of the firm’s acquisitions and asset management team, and is responsible for BlackSand's transactional activity and business plan execution. Prior to joining BlackSand, Mr. Li was at Cirrus Asset Management from 2009 to 2010, where he was the Vice President and Hawaii Regional Supervisor responsible for acquisitions and asset management of multifamily assets. Previously, he spent five years at Fowler Property Acquisitions as Vice President of Acquisitions and Asset Management for the Hawaii region, where he managed a $100 million real estate portfolio consisting of over 1 million square feet of commercial real estate. Before joining Fowler in 2004, Mr. Li was in the Investment Banking Division at Credit Suisse First Boston from 2000 to 2003. There he was involved with more than $15 billion in merger advisory and capital markets transactions.

Mr. Li is an active alumnus of Iolani School and Georgetown University where he graduated with a B.S. in Business Administration. He is a member of the International Council of Shopping Centers (ICSC), the Georgetown Club of Hawaii, and serves on the boards for NAIOP Hawaii, Shioi Construction and Hoo Cho Chinese School. Mr. Li is also a 2010 Pacific Century Fellow.

Benjamin J. Wang

Vice President

Benjamin Wang is a member of the firm’s acquisitions and asset management team, and is responsible for the transactional activity and business plan execution of BlackSand. Prior to joining BlackSand, Mr. Wang was at The Shidler Group from 2006 to 2010, where he worked on the acquisitions and dispositions of over $500 million in commercial property throughout Honolulu, Southern California, and Phoenix.

Mr. Wang received an MBA with a focus on real estate finance from the Marshall School of Business at the University of Southern California, and a Bachelor of Science degree in Business Administration from the University of California at Berkeley. He is a member of the California Alumni Club of Hawaii, and serves on the board for the Urban Land Institute and Palama Settlement.

Will Nguyen


Will Nguyen is responsible for investment underwriting and analysis for BlackSand. Previously, Mr. Nguyen was a senior manager on the Business Development & Strategy and Corporate Development teams at Microsoft, where he was responsible for the execution of strategic acquisitions, equity investments and partnerships.  Prior to Microsoft, Mr. Nguyen was in the Investment Banking Division at Merrill Lynch & Co., where he was involved in the execution of merger advisory and financing transactions.

Mr. Nguyen was born and raised in Honolulu, Hawaii and graduated from Punahou School.  He received a B.A. degree from the University of Washington, a Juris Doctor degree with honors from Northwestern University Pritzker School of Law, and is a licensed attorney in the State of California.

Michael M. Purpura

Chief Legal Officer

Michael Purpura is the Chief Legal Officer and Chief Compliance Officer and is responsible for the legal, compliance, risk, and ethics functions of BlackSand Capital. Prior to joining BlackSand Capital, Mr. Purpura was a partner and member of the Executive Committee of Carlsmith Ball LLP. He also has extensive government experience, having served as Associate Counsel to President George W. Bush and as an Assistant United States Attorney in the Southern District of New York and District of Hawaii.

Mr. Purpura received a B.S. in Economics from the United States Military Academy and a J.D. from the Columbia University School of Law. He is President of the Hawaii Chapter of the Federal Bar Association, President of Kahiau: A Tennis Foundation, an Advisory Board Member of the Hawaii Innocence Project at the University of Hawaii William S. Richardson School of Law, and a Trustee of Linsly School in Wheeling, WV, from which he graduated.

Holly A. Park

Chief Financial Officer

Holly Park is responsible for the financial, accounting, and investor-related functions of BlackSand. Prior to joining the firm, Holly was a senior manager at KPMG LLP from 1999 to 2010. Ms. Park has over 10 years of experience in providing financial audit and accounting services to companies ranging in size from large public to small private clients. She is skilled in various industries, including financial services, real estate, hospitality, and not-for-profit organizations.

Ms. Park was born in Honolulu, Hawaii and received a Bachelor of Arts in Business Administration, with a concentration in accounting, from Seattle University.