The FIRST RESERVE is a privately held investment adviser that advises $6.68Bn in regulatory assets under management held in 1 SEC fund types across 2 investment strategies. FIRST RESERVE is a Private Fund A private fund manager is a manager whose >=75% of total assets under management are in private funds (privately offered pooled vehicles for accredited or qualified investors, generally accessed through placements with higher minimums, restricted eligibility, and negotiated terms) Manager. Assets increased by 25.1% over the last 5-years.
The Group has been registered with the SEC for 14.35 years and is comprised of 1 filing and 6 relying advisers. They operate out of 2 office locations with their Headquarters at 262 HARBOR DRIVE 3RD FLOOR, STAMFORD, CONNECTICUT. The Group has not been subject to regulatory enforcement actions. They are regulated by 1 US and Non-US bodies.
They have 38 employees comprised of 21 investment and 17 non-investment staff. The total number of Employees decreased by 28.3% over the last 5-years.
Their $6.68Bn in assets advised are owned by 25 private funds, 1 public fund and BDCs and 0 other accounts. Assets of Pooled Investment Vehicles (Not IC or BDC) clients own $6.48Bn or 97.01% of Total Assets and Investment Companies (IC) own $200mn or 2.99% of Total Assets.
The Group's top investment strategies include Traditional LBO and Infrastructure, representing 97.7% and 2.3% of total assets, respectively.
They advise 2 types of clients, top clients are Pooled Investment Vehicles (Not IC or BDC) and Investment Companies (IC).
The Group uses 2 Fund Administrators, 3 Fund Auditors, 0 Prime Brokers, 7 Custodians and 1 Marketers. It does not report a third-party Fund Administrator in 3 private funds with $2.46mn in assets.
The Group discloses management fees and performance-based fees.
FIRST RESERVE names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.