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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 P95xiqBBVpIW97z4H/MS1A==

<SEC-DOCUMENT>0001144204-07-030124.txt : 20070604
<SEC-HEADER>0001144204-07-030124.hdr.sgml : 20070604
<ACCEPTANCE-DATETIME>20070604155050
ACCESSION NUMBER:		0001144204-07-030124
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070604
FILED AS OF DATE:		20070604
DATE AS OF CHANGE:		20070604

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKHAWK CAPITAL GROUP BDC INC
		CENTRAL INDEX KEY:			0001294345
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				201031329
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		14 WALL STREET 11TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
		BUSINESS PHONE:		212-566-8300

	MAIL ADDRESS:	
		STREET 1:		14 WALL STREET 11TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Zabala Craig A
		CENTRAL INDEX KEY:			0001320700

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00678
		FILM NUMBER:		07897462

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		(212) 566-8300

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 360
		STREET 2:		GREENE STREET STATION
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10012
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>v077543_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-06-04</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001294345</issuerCik>
        <issuerName>BLACKHAWK CAPITAL GROUP BDC INC</issuerName>
        <issuerTradingSymbol>NONE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001320700</rptOwnerCik>
            <rptOwnerName>Zabala Craig A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>P.O. BOX 360</rptOwnerStreet1>
            <rptOwnerStreet2>GREENE STREET STATION</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10112</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chairman, President and CEO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-06-04</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>132891</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>1.00</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>10317591</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>The Concorde Group, Inc.</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1732500</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>50000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Kaitlyn N. Amiel - CAUTMA</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>50000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Alyssa N.H. Green - CAUTMA</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The Concorde Group, Inc. exchanged two promissory notes in the principal amounts of $100,000 and $25,500 issued to it by
 Blackhawk Capital Group BDC, Inc. (&quot;Blackhawk&quot;), as well as interest on the $100,000 note as of May 31, 2007 in the amount
 of $7,391, for 132,891 shares of the Common Stock of Blackhawk.</footnote>
        <footnote id="F2">Mr. Zabala holds approximately 76.5% of the outstanding stock of The Concorde Group, Inc.</footnote>
        <footnote id="F3">As custodian for niece under Uniform Transfer to Minors Act.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Craig A Zabala</signatureName>
        <signatureDate>2007-06-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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