  We study supersymmetric black holes in $AdS_4$ in the framework of four
dimensional gauged $\N=2$ supergravity coupled to hypermultiplets. We derive
the flow equations for a general electrically gauged theory where the gauge
group is Abelian and, restricting them to the fixed points, we derive the
gauged supergravity analogue of the attractor equations for theories coupled to
hypermultiplets. The particular models we analyze are consistent truncations of
M-theory on certain Sasaki-Einstein seven-manifolds. We study the space of
horizon solutions of the form $AdS_2\times \Sigma_g$ with both electric and
magnetic charges and find a four-dimensional solution space when the theory
arises from a reduction on $Q^{111}$. For other $SE_7$ reductions, the
solutions space is a subspace of this. We construct explicit examples of
spherically symmetric black holes numerically.
