BLACKROCK FUNDS VII, INC.
BlackRock Sustainable U.S. Growth Equity Fund
(the “Fund”)
Supplement dated September 29, 2022 (the “Supplement”) to the Fund’s
Summary Prospectuses and Prospectuses, each dated August 26, 2022, as supplemented to date
The following changes are made to the Fund’s Summary Prospectuses and Prospectuses, as applicable:
The section of the Summary Prospectuses entitled “Key Facts About BlackRock Sustainable U.S. Growth Equity Fund — Portfolio Managers” and the section of the Prospectuses entitled “Fund Overview — Key Facts About BlackRock Sustainable U.S. Growth Equity Fund — Portfolio Managers” are deleted in their entirety and replaced with the following:
Portfolio Managers
| Name | Portfolio Manager of the Fund Since |
Title | ||
| Lawrence Kemp1 | 2021 | Managing Director of BlackRock, Inc. | ||
| Saverio Console | 2021 | Director of BlackRock, Inc. | ||
| Caroline Bottinelli | 2022 | Director of BlackRock, Inc. |
| 1 | On or about April 1, 2023, Lawrence Kemp will retire from BlackRock, Inc., and will no longer serve as a portfolio manager of the Fund. |
The section of the Prospectuses entitled “Details About the Funds — How Each Fund Invests — About the Portfolio Management Team of Sustainable U.S. Growth Equity” is deleted in its entirety and replaced with the following:
| ABOUT THE PORTFOLIO MANAGEMENT TEAM OF SUSTAINABLE U.S. GROWTH EQUITY |
| The Fund is managed by a team of financial professionals. Lawrence Kemp1, Saverio Console and Caroline Bottinelli are the portfolio managers and are jointly and primarily responsible for the day-to-day management of the Fund. Please see “Management of the Funds — Portfolio Manager Information” for additional information about the portfolio management team. |
| 1 | On or about April 1, 2023, Lawrence Kemp will retire from BlackRock, Inc., and will no longer serve as a portfolio manager of the Fund. |
The section of the Prospectuses entitled “Management of the Funds — Portfolio Manager Information — Sustainable U.S. Growth Equity” is deleted in its entirety and replaced with the following:
Sustainable U.S. Growth Equity
| Portfolio Manager | Primary Role | Since | Title and Recent Biography | |||
| Lawrence Kemp1 | Jointly and primarily responsible for the day-to-day management of the Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. | 2021 | Managing Director of BlackRock, Inc. since 2012; prior to joining BlackRock, Inc., Mr. Kemp was a Managing Director at UBS Global Asset Management. |
| Portfolio Manager | Primary Role | Since | Title and Recent Biography | |||
| Saverio Console | Jointly and primarily responsible for the day-to-day management of the Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. | 2021 | Director of BlackRock, Inc. since 2013; Principle of Rainier Investment Management from 2012 to 2013; Executive Director of UBS Global Asset Management from 1996 to 2012. | |||
| Caroline Bottinelli | Jointly and primarily responsible for the day-to-day management of the Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. | 2022 | Director of BlackRock, Inc. since 2020; Vice President of BlackRock, Inc. from 2016 to 2020; prior to joining BlackRock, Inc., Ms. Bottinelli was an Equity Research Associate at J.P. Morgan. |
| 1 | On or about April 1, 2023, Lawrence Kemp will retire from BlackRock, Inc., and will no longer serve as a portfolio manager of the Fund. |
Shareholders should retain this Supplement for future reference.
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