DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Black Bay Partners, LLC
Latest filing Mar 31, 2026
First filing on the tape Mar 29, 2018 · 17 filings
SEC status approved since Apr 23, 2018
RAUM
$830M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
17
12 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
7
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$830M as of Mar 31, 2026
Mar 12, 2019$254M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 12, 20190 then
Employees (5.A)17 as of Mar 31, 2026
Mar 12, 20196 then
Private funds7 as of Mar 31, 2026
Mar 12, 20192 then
RAUM +116% over the last fiscal year+16% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $119MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +116%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$830M100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 7reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
6 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Black Bay Energy II, L.P. | Private Equity Fund | $263M | 61 | Mar 30, 2021 |
| Black Bay Energy, L.P. | Private Equity Fund | $170M | 58 | May 19, 2017 |
| Bbe Pinon Holdco LLC | Private Equity Fund | $39.3M | 27 | Mar 29, 2023 |
| Black Bay Energy Pinon Co-Investment, L.P. | Private Equity Fund | $8.3M | 3 | Mar 26, 2024 |
| Bbe Scs Holdco, LLC | Private Equity Fund | $8.0M | 13 | Mar 29, 2018 |
| Bbe Tops Holdco, LLC | Private Equity Fund | $85,865 | 8 | Feb 6, 2020 |
Owners and control persons
Schedule A and B, latest filing
- Livaudais Michael Lebourgeois · Managing Partnercontrolsince 12/2015 · owns less than 5%
- Livaudais Michael Lebourgeois · Sole Membercontrolsince 12/2017 · owns 75% or more of Bbec Holdco Gp, LLC
- Julie Isacks · Chief Compliance Officersince 02/2017 · owns less than 5%
Entity owners
- Bbec Holdco Gp, LLC · Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
- Black Bay Energy Gp, LLCpooled vehicle sponsorn
- Black Bay Energy II Gp, LLCpooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- RAUM up 50 %Change between filings · filing Mar 31, 2026RAUM (Item 5.F) moved from $383,527,322 to $830,085,572 (+116.0%) between the annual amendments of 2025-03-31 and 2026-03-31; the peer median change was +8.0% (673 comparable advisers, 96.0th percentile of changes)peers: asset managers, $500M to $1B (673) · 96% percentile
What changed
consecutive filings, newest first
- Advisory employees · 8 to 12Mar 31, 2025 to Mar 31, 2026
- Employees · 12 to 17Mar 31, 2025 to Mar 31, 2026
- Discretionary RAUM · $384M to $830MMar 31, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $384M to $830MMar 31, 2025 to Mar 31, 2026
- RAUM · $384M to $830MMar 31, 2025 to Mar 31, 2026
- Accounts · 6 to 7Nov 7, 2024 to Mar 31, 2025
- Advisory employees · 9 to 8Nov 7, 2024 to Mar 31, 2025
- Business name · BLACK BAY ENERGY CAPITAL, LLC to BLACK BAY PARTNERS, LLCNov 7, 2024 to Mar 31, 2025
- Pooled vehicle clients · 6 to 7Nov 7, 2024 to Mar 31, 2025
- Employees · 10 to 12Nov 7, 2024 to Mar 31, 2025
- Financial planning clients · unset to Nov 7, 2024 to Mar 31, 2025
- Legal name · BLACK BAY ENERGY CAPITAL, LLC to BLACK BAY PARTNERS, LLCNov 7, 2024 to Mar 31, 2025
- Other offices · 0 to 1Nov 7, 2024 to Mar 31, 2025
- Private funds · 6 to 7Nov 7, 2024 to Mar 31, 2025
- Discretionary RAUM · $489M to $384MNov 7, 2024 to Mar 31, 2025
- Pooled vehicle RAUM · $489M to $384MNov 7, 2024 to Mar 31, 2025
- RAUM · $489M to $384MNov 7, 2024 to Mar 31, 2025
- Employees · 9 to 10Mar 26, 2024 to Nov 7, 2024
- Discretionary RAUM · $500M to $489MMar 26, 2024 to Nov 7, 2024
- Pooled vehicle RAUM · $500M to $489MMar 26, 2024 to Nov 7, 2024
- RAUM · $500M to $489MMar 26, 2024 to Nov 7, 2024
- Advisory employees · 7 to 9Mar 26, 2024 to Nov 7, 2024
- Accounts · 5 to 6Mar 29, 2023 to Mar 26, 2024
- Pooled vehicle clients · 5 to 6Mar 29, 2023 to Mar 26, 2024
- Assets in custody · 0.0 to unsetMar 29, 2023 to Mar 26, 2024
- Employees · 8 to 9Mar 29, 2023 to Mar 26, 2024
- Private funds · 5 to 6Mar 29, 2023 to Mar 26, 2024
- Discretionary RAUM · $535M to $500MMar 29, 2023 to Mar 26, 2024
- Pooled vehicle RAUM · $535M to $500MMar 29, 2023 to Mar 26, 2024
- RAUM · $535M to $500MMar 29, 2023 to Mar 26, 2024
- Accounts · 4 to 5Nov 21, 2022 to Mar 29, 2023
- Pooled vehicle clients · 4 to 5Nov 21, 2022 to Mar 29, 2023
- Private funds · 4 to 5Nov 21, 2022 to Mar 29, 2023
- Discretionary RAUM · $452M to $535MNov 21, 2022 to Mar 29, 2023
- Pooled vehicle RAUM · $452M to $535MNov 21, 2022 to Mar 29, 2023
- RAUM · $452M to $535MNov 21, 2022 to Mar 29, 2023
- Discretionary RAUM · $444M to $452MMar 16, 2022 to Apr 29, 2022
- Pooled vehicle RAUM · $444M to $452MMar 16, 2022 to Apr 29, 2022
- RAUM · $444M to $452MMar 16, 2022 to Apr 29, 2022
- Advisory employees · 8 to 7May 12, 2021 to Mar 16, 2022
Signals
3 dated events
- Black Bay Partners, Llc reported RAUM $830.1M, up 116% from $383.5M (2025-03-31 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- Black Bay Partners, Llc reported RAUM $443.7M, up 33% from $333.9M (2021-05-12 to 2022-03-16)Mar 16, 2022 · RAUM change · derived
- Black Bay Energy Capital, Llc filed its initial SEC registration (Form ADV)Mar 29, 2018 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Black Bay Partners, LLC · Independent Sponsorsshared crd · capital_provider
- Black Bay Energy Capital, LLC · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/blackbaypartnersreportedpublic record, Form ADV, Sep 17, 2026
- Website
- blackbaypartners.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 504-227-3020reportedpublic record, Form ADV, Mar 31, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026