First Reserve
Private Equity SEC-registered adviser
Legal name: First Reserve Management, L.P.
Stamford, CT Website
AUM
$6.3B
Regulatory AUM
Private funds
25
Private Equity 25
Private fund assets
$6.5B
Gross asset value
Employees
38
Last Form D raise
Aug 2026
Most recent fund filing
From SEC Form ADV filing (filed May 8, 2026). View on SEC
People(6)
Owners and executive officers named on the firm's SEC Form ADV.
A
Chairman/Mg Ptnr/Limited Partner of First Reserve Management, L.P./Board of Directors Member of First Reserve Management Limited
G
Limited Partner of First Reserve Management, L.P./Board of Directors Member of First Reserve Management Limited
J
Limited Partner of First Reserve Management, L.P./Board of Directors Member of First Reserve Management Limited
J
J
Limited Partner of First Reserve Management, L.P./Board of Directors Member of First Reserve Management Limited
N
Limited Partner of First Reserve Management, L.P./Board of Directors Member of First Reserve Management Limited
Funds(25)
Private funds reported on Form ADV, with amounts raised from the funds' SEC Form D filings.
| Fund | Type | Gross assets | Raised (Form D) | Investors | Last Form D | Recency |
|---|---|---|---|---|---|---|
| Fr Evolution II, L.P. (and Its Related Investment Vehicles) | Private Equity | $235.7M | $250.5M | 23 | Aug 2026 | Hot |
| First Reserve Iog Resources III, L.P. | Private Equity | $203.3M | $208.3M | 5 | Jul 2026 | Hot |
| First Reserve Ascent Opportunities Fund, L.P. | Private Equity | $716.8M | $488.2M | 18 | Oct 2025 | Cool |
| First Reserve Ascent Opportunities Feeder Fund, L.P. | Private Equity | $529.5M | $314.7M | 21 | Oct 2025 | Cool |
| Fr Evolution SPV, L.P. | Private Equity | $116.6M | — | — | Aug 2025 | Cool |
| First Reserve Iog Resources II, L.P. | Private Equity | $181.5M | $150.0M | 1 | Nov 2023 | Cold |
| Fr Ap4 Co-Investment, L.P. | Private Equity | $39.3M | — | — | Nov 2023 | Cold |
| Fr Industrials Opportunities Fund, L.P. (and Its Related Investment Vehicles) | Private Equity | $778.0M | $664.7M | — | Mar 2023 | Cold |
| Fr Gtus Co-Investment, L.P. | Private Equity | — | — | — | Nov 2022 | Cold |
| Fr Gtus Co-Investment II, L.P. | Private Equity | — | — | — | Nov 2022 | Cold |
| First Reserve Legacy Opportunities Fund, L.P. (and Its Related Investment Vehicles) | Private Equity | $74.1M | — | — | May 2022 | Cold |
| First Reserve Refuel Fund, L.P. | Private Equity | $764.2M | $510.5M | — | Dec 2021 | Cold |
| Fr Evolution I, L.P. (and Its Related Investment Vehicles) | Private Equity | $492.4M | $465.0M | 11 | Mar 2020 | Cold |
| Fr Flow Control Co-Investment, L.P. | Private Equity | $84.3M | — | — | Jun 2019 | Cold |
| Fr Br Midstream, L.P. | Private Equity | $153.8M | — | — | Dec 2018 | Cold |
Board seats(1)
Companies whose SEC Form D filings name one of this firm's people as a director, matched by name and office ZIP code.
Regulatory identifiers
- CRD number
- 157056
- SEC file number
- 801-73789
Sources
- SEC Form ADV Oct 14, 2026