Merit Energy Company, Llc
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 109310
· SEC file 801-57598
· Dallas, TX
· WWW.MERITENERGY.COM
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ADV data as of Mar 18, 2026
- Regulatory AUM
- $3.7B
- Discretionary
- $3.7B
- Clients
- 12
- Avg AUM / client
- $308M
- Accounts
- 12
- Employees
- 782
AUM over time
$3.7B
$4.8B
Mar 30, 2012
Mar 18, 2026
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 18, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 12 | $3.7B | 100.0% |
Private funds (15)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $4.6B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Merit Energy Partners I, Lp | Private Equity Fund | Delaware | $984M | 95 |
| Merit Energy Partners K, Lp | Private Equity Fund | Delaware | $876M | 80 |
| Merit Energy Partners J Lp | Private Equity Fund | Delaware | $847M | 81 |
| Merit Energy Partners H, Lp | Private Equity Fund | Delaware | $605M | 108 |
| Merit Energy Partners L, Lp | Private Equity Fund | Delaware | $404M | 77 |
| Merit Energy Partners Viii, Lp | Private Equity Fund | Delaware | $342M | 1 |
| Merit Energy Partners G, Lp | Private Equity Fund | Delaware | $276M | 59 |
| Merit Energy Partners X, Lp | Private Equity Fund | Delaware | $156M | 1 |
| Merit Energy Partners Iii C, Lp | Private Equity Fund | Delaware | $61.3M | 1 |
| Merit Energy Partners F Ii, Lp | Private Equity Fund | Delaware | $20.4M | 41 |
| Merit Energy Partners Vi, Lp | Private Equity Fund | Delaware | $7.8M | 1 |
| Merit Energy Partners Iii A, Lp | Private Equity Fund | Delaware | $6.7M | 1 |
| Merit Energy Partners Iii, Lp | Private Equity Fund | Delaware | $4.4M | 1 |
| Merit Energy Partners Ix, Lp | Private Equity Fund | Delaware | $4.3M | 1 |
| Merit Energy Partners F Iii, Lp | Private Equity Fund | Delaware | $2.0M | 29 |
People (6)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Keenan, Katherine, Gayden | Elected Manager | Apr 1992 (34y) | ≈ 7.5% – 25% via Bevo Partners, Lp | |
| Williams, Elizabeth, Gayden | Elected Manager | Apr 1992 (34y) | ≈ 7.5% – 25% via Nazuni Partners, Lp | |
| Hagge, Christopher, Scott | Chief Legal Officer, Chief Compliance Officer, General Counsel | Jan 2006 (21y) | Less than 5% | |
| Gottberg, Terry, Dean | Chairman, President, Ceo, Elected Manager, Direct Owner/Llc Member | May 2009 (17y) | 10% – 25% | |
| Mennel, Ann, Marie | Vice President, Chief Financial Officer | Apr 2021 (5y) | Less than 5% | |
| Gayden, Cynthia, Newton | Trustee | Aug 2022 (4y) | GP / trustee / elected manager of Gayden 2002 Family Trust (indirect) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Merit Energy Management, Lp | Direct Owner/Llc Member | Jan 2015 | A | 25% – 50% |
| Bevo Partners, Lp | Direct Owner/Llc Member | Jan 2008 | A | 10% – 25% |
| Nazuni Partners, Lp | Direct Owner/Llc Member | Jan 2008 | A | 10% – 25% |
| Gayden 2002 Family Trust | Direct Owner/Llc Member | Aug 2022 | A | 5% – 10% |
| Mp Management Trust | General Partner | Apr 2016 | B | GP / trustee / elected manager of Nazuni Partners, Lp (indirect) |
| Merit Energy Management Gp, Llc | General Partner | Dec 2009 | B | GP / trustee / elected manager of Merit Energy Management, Lp (indirect) |
Undisclosed: 0% – 40% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Keenan, Katherine, Gayden: 75% – 100% of Bevo Partners, Lp × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Williams, Elizabeth, Gayden: 75% – 100% of Nazuni Partners, Lp × 10% – 25% direct ≈ 7.5% – 25% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (15, $4.6B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Merit Energy Partners I, Lp | Private Equity Fund | $984M | $5.0M | 95 |
| Merit Energy Partners K, Lp | Private Equity Fund | $876M | $5.0M | 80 |
| Merit Energy Partners J Lp | Private Equity Fund | $847M | $5.0M | 81 |
| Merit Energy Partners H, Lp | Private Equity Fund | $605M | $0 | 108 |
| Merit Energy Partners L, Lp | Private Equity Fund | $404M | $5.0M | 77 |
| Merit Energy Partners Viii, Lp | Private Equity Fund | $342M | $10.0M | 1 |
| Merit Energy Partners G, Lp | Private Equity Fund | $276M | $500K | 59 |
| Merit Energy Partners X, Lp | Private Equity Fund | $156M | $10.0M | 1 |
| Merit Energy Partners Iii C, Lp | Private Equity Fund | $61.3M | $0 | 1 |
| Merit Energy Partners F Ii, Lp | Private Equity Fund | $20.4M | $1.0M | 41 |
| Merit Energy Partners Vi, Lp | Private Equity Fund | $7.8M | $10.0M | 1 |
| Merit Energy Partners Iii A, Lp | Private Equity Fund | $6.7M | $4.8M | 1 |
| Merit Energy Partners Iii, Lp | Private Equity Fund | $4.4M | $10.0M | 1 |
| Merit Energy Partners Ix, Lp | Private Equity Fund | $4.3M | $10.0M | 1 |
| Merit Energy Partners F Iii, Lp | Private Equity Fund | $2.0M | $200K | 29 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/18/2026 | 3.65 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 18, 2026.
View current Form ADV (SEC/IAPD) ↗