Foundation Energy Management, Llc
- Regulatory AUM
- $270M
- Discretionary
- $270M
- Clients
- 6
- Avg AUM / client
- $45.1M
- Accounts
- 6
- Employees
- 110
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Apr 22, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 6 | $270M | 100.0% |
Private funds (9)
Reported in Form ADV Section 7.B.(1), filing of Apr 2024 · $360M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Foundation Energy Fund Vi A, L.P. | Other Private Fund | Delaware | $150M | 10 |
| Foundation Energy Fund Vii A, L.P. | Other Private Fund | Delaware | $133M | 2 |
| Foundation Energy Fund V B Core, L.P. master | Other Private Fund | Delaware | $33.8M | 5 |
| Foundation Energy Fund V A, L.P. | Other Private Fund | Delaware | $23.7M | 15 |
| Foundation Energy Fund Iv B, L.P. | Other Private Fund | Delaware | $10.7M | 9 |
| Foundation Energy Fund Iv A, L.P. | Other Private Fund | Delaware | $7.0M | 21 |
| Foundation Energy Fund Iii A, L.P. | Other Private Fund | Delaware | $1.3M | 10 |
| Foundation Energy Fund Iii B, L.P. | Other Private Fund | Delaware | $953K | 4 |
| Foundation Energy Fund Ii, L.L.C. | Other Private Fund | Delaware | $121K | 16 |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Rhea, Eddie, Wayne | President And Chief Executive Officer, Foundation Energy Management, Llc | Jul 2004 (22y) | ≈ 18.75% – 50% via Foundation Energy Company, Llc | |
| Brockett, Peter, Charles | Elected Manager And Member | May 2005 (21y) | GP / trustee / elected manager of Foundation Energy Company, Llc (indirect) | |
| Dupre, Cornelius, (No Middle Name) | Elected Manager And Member | May 2005 (21y) | GP / trustee / elected manager of Foundation Energy Company, Llc (indirect) | |
| Thompson, William, Mcilwaine | Elected Manager And Member | May 2005 (21y) | GP / trustee / elected manager of Foundation Energy Company, Llc (indirect) | |
| Stark, Jeffrey, Michael | Chief Compliance Officer, Foundation Energy Management, Llc | Feb 2012 (15y) | Less than 5% | |
| Garvin, Julie, A | Elected Manager | Aug 2017 (9y) | GP / trustee / elected manager of Foundation Energy Company, Llc (indirect) | |
| Payne, Richard, L. | Elected Manager And Member | Jun 2018 (8y) | GP / trustee / elected manager of Foundation Energy Company, Llc (indirect) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Foundation Energy Company, Llc | Sole Member, Foundation Energy Management, Llc | Apr 2005 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Rhea, Eddie, Wayne: 25% – 50% of Foundation Energy Company, Llc × 75% – 100% direct ≈ 18.75% – 50% 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 (9, $360M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Foundation Energy Fund Vi A, L.P. | Other Private Fund | $150M | $250K | 10 |
| Foundation Energy Fund Vii A, L.P. | Other Private Fund | $133M | $250K | 2 |
| Foundation Energy Fund V B Core, L.P. | Other Private Fund | $33.8M | $250K | 5 |
| Foundation Energy Fund V A, L.P. | Other Private Fund | $23.7M | $250K | 15 |
| Foundation Energy Fund Iv B, L.P. | Other Private Fund | $10.7M | $250K | 9 |
| Foundation Energy Fund Iv A, L.P. | Other Private Fund | $7.0M | $250K | 21 |
| Foundation Energy Fund Iii A, L.P. | Other Private Fund | $1.3M | $250K | 10 |
| Foundation Energy Fund Iii B, L.P. | Other Private Fund | $953K | $250K | 4 |
| Foundation Energy Fund Ii, L.L.C. | Other Private Fund | $121K | $250K | 16 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/22/2026 | 2.96 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: Apr 22, 2026.
View current Form ADV (SEC/IAPD) ↗