First Reserve Management, L.P. (Stamford)

Name: First Reserve Management, L.P.
Address: 290 Harbor Drive, Stamford, CT, 06902
Telephone: 203-661-6601

First Reserve Management, L.P. is a large advisory firm based in Stamford. It manages $9.08 billion of regulatory assets for 20 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Connecticut.

First Reserve Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

First Reserve Management: assets under management

The assets under management (AUM) of First Reserve Management, L.P. is $9.08 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -54% since the beginning of its operation, and $7.15 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $9.08 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $454.08 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First Reserve Management, L.P. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients William Edward Macaulay serves?

The only and largest group of clients of William Edward Macaulay is pooled investment vehicles with 20 clients and $9.08 billion of assets under management. Among the 9 most similar advisory firms, First Reserve Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $9.08 billion for 20 clients. 35% of the firm’s clients are foreign persons or businesses.

First Reserve Management also advises several private funds. Namely, twenty private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $300,000,000.

Careers at First Reserve Management, L.P.

The company employs 77 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

William Edward Macaulay has been acting as President since 1 Dec 1982. Alex T Krueger joined the executive team most recently as the Limited Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Edward Macaulay	Chairman/ceo/managing director/limited partner of first reserve management, l.p./board of directors member	1 Dec 1982	25% - 50%	1205545
Ben Allen Guill	Shareholder of frc founders corporation	1 Oct 1988	Other	1921316
Cathleen Mary Ellsworth	Managing director/chief marketing officer (other than frc founders corporation)/limited partner of first reserve management, l.p	1 Oct 1991	Other	5910449
Jennifer Carla Zarrilli	Managing director/chief financial officer/treasurer/limited partner of first reserve management,l.p./board of directors member	1 Aug 1998	Other	5910453
Ben Allen Guill	Shareholder of frc founders corporation	1 Oct 1998	Other	1921316
John Arthur Hill	Vice chairman/managing director/limited partner of first reserve management, l.p./board of directors member	1 Dec 2002	Other	840225
Anne Elizabeth Gold	Cco/general counsel/secretary/assistant treasurer	1 Feb 2005	Other	5910439
Alan Gregory Schwartz	Managing director/chief legal officer (other than frc founders corporation)/limited partner of first reserve management, l.p.	1 Jun 2006	Other	5910457
Timothy Harold Day	Managing director(other than frc founders corporation)/limited partner of first reserve management, l.p.	1 Aug 2009	Other	5910462
John William Gervase Honeybourne	Managing director (other than frc founders corporation)/limited partner of first reserve management, l.p.	1 Aug 2009	Other	5910465
Alex T Krueger	President(other than frc founders corp)/limited partner of first reserve management, l.p./board of directors member	1 Aug 2009	Other	2964579
Frc Founders Corporation	Limited partner of first reserve management, l.p.	1 Aug 2009	Other	06-1210123
First Reserve Management Limited	General partner of first reserve management, l.p.	1 Aug 2009	Other	98-0650281
Kenneth William Moore	Managing director (other than frc founders corporation)/limited partner of first reserve management, l.p.	1 Aug 2009	Other	2406298
L.P. First Reserve Management	Member of first reserve xii advisors, l.l.c.	1 Aug 2009	50% - 75%	98-0650280
Mark Adrian Mccomiskey	Managing director(other than frc founders corp)/limited partner of first reserve management, l.p./board of directors member	1 Aug 2009	Other	5910469
L.P. First Reserve Management	Member of first reserve energy infrastructure advisors, l.l.c.	1 Nov 2009	75% - 100%	98-0650280
Claudio Santiago Ponsa	Chief operating officer/managing director (other than frc founders corporation)	1 Feb 2012	Other	6020229
L.P. First Reserve Management	Member of first reserve advisors, l.l.c.	1 Mar 2012	75% - 100%	98-0650280
L.P. Fr 2016 Carry	Limited partner of first reserve management, l.p.	1 Jun 2016	Other	98-1353044

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
William Edward Macaulay	Shareholder	1 Dec 1991	25% - 50%	1205545
John Arthur Hill	Shareholder	1 Dec 1991	25% - 50%	840225
James William Harpel	Shareholder	1 Dec 1991	25% - 50%	1472201
Fr 2016 Carry Gp Limited	General partner	1 Jun 2016	Other	98-1353036
William Edward Macaulay	Limited partner	1 Aug 2016	25% - 50%	1205545
Alex T Krueger	Limited partner	1 Aug 2016	25% - 50%	2964579

Based in Stamford

The principal office where First Reserve Management, L.P. performs its advisory services is located at 290 Harbor Drive, Stamford, CT 06902, which is also the mailing address of the firm. An additional office of the firm is in Houston, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-661-6601 or by fax 203-625-8535. The normal business hours are 9 am - 6 pm on Monday - Friday. You can find more information about the New York firm at firstreserve.com.