# LEH III Management LLC

> LEH III Management LLC is an SEC-registered investment advisory firm in Englewood, CO, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 10, 2026.

- CRD: 341093
- Filed as: LEH III MANAGEMENT LLC
- Also doing business as: DEL RIO ROYALTY COMPANY, LINCOLN ENERGY PARTNERS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Englewood, CO
- Filing period: October 2026
- Form ADV filing dated: August 10, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/341093
- AdvisorCensus page: https://advisorcensus.com/firm/leh-iii-management-llc-englewood-co-341093

## Quick answers

**How is LEH III Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), LEH III Management LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is LEH III Management LLC located?**
LEH III Management LLC's principal office is in Englewood, CO, according to its Form ADV.

**Is LEH III Management LLC registered with the SEC or a state?**
LEH III Management LLC is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 341093.

**How much does LEH III Management LLC manage?**
LEH III Management LLC reports $335,907,163 in regulatory assets under management in its Form ADV filing dated August 10, 2026 (100% discretionary).

**What types of clients does LEH III Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

**Does LEH III Management LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/341093

**What changed in LEH III Management LLC's recent Form ADV filings?**
In the September 2026 filing data: Newly registered with the SEC.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
- Other

### Regulatory assets under management (Item 5.F)
- Total: $335,907,163
- Discretionary: $335,907,163
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $335,907,163 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2026 (0 years)
- Employees: 14 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- delrioroyalty.com
- lincolnenergypartners.net
- LinkedIn @lincoln-energy-partners

## Changes in the filing (last 12 months)

### September 2026
- Newly registered with the SEC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. LEH III Management LLC (CRD 341093): Form ADV filing data as of October 2026.