Investment adviser · CRD 157056

FIRST RESERVE

Investment adviser filing (IA)

FIRST RESERVE MANAGEMENT, L.P.

STAMFORD, CT, United States · Form ADV filed May 8, 2026

Regulatory AUM: $6.31B
Client accounts: 25
Employees: 38
Advisory professionals: 21

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	25	$6,305,728,850	100.0%

Filing source

Form ADV 2090555 · May 8, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

49 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

FIRST RESERVE FUND XIII, L.P. (AND ITS RELATED INVESTMENT VEHICLES)Private Equity Fund · Last reported May 8, 2026$1.23BGross asset value

Form D fundraising filings

First Reserve Fund XIII, L.P.

Fund administrator GEN II COMPLIANCE SERVICES LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian BANK OF AMERICA, N.A. CHICAGO, Illinois, United States Related to adviser: No

Custodian EQUNITI TRUST COMPANY, LLC MENDOTA HEIGHTS, Minnesota, United States Related to adviser: No

Custodian NORTHERN TRUST CO. CHICAGO, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

Fund details & source

Fund ID: 805-1171085907
Reported beneficial owners: 89
Minimum commitment: $10M
Form D file number: 021-195287

Form ADV 2090555 · May 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FR ASCENT CO-INVESTMENT, L.P. (AND ITS RELATED INVESTMENT VEHICLE)Private Equity Fund · Last reported May 8, 2026$841MGross asset value

Form D fundraising filings

FR Ascent Co-Investment, L.P.

Fund administrator GEN II COMPLIANCE SERVICES LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian BANK OF AMERICA, N.A. CHICAGO, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

Fund details & source

Fund ID: 805-1620967275
Reported beneficial owners: 5
Minimum commitment: $2M
Form D file number: 021-274959

Form ADV 2090555 · May 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FR INDUSTRIALS OPPORTUNITIES FUND, L.P. (AND ITS RELATED INVESTMENT VEHICLES)Private Equity Fund · Last reported May 8, 2026$778MGross asset value

Form D fundraising filings

FR Industrials Opportunities Fund, L.P.

Fund administrator GEN II COMPLIANCE SERVICES, LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian BANK OF AMERICA, N.A. CHICAGO, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

Fund details & source

Fund ID: 805-7326111815
Reported beneficial owners: 39
Minimum commitment: $193K
Form D file number: 021-475800

Form ADV 2090555 · May 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FIRST RESERVE REFUEL FUND, L.P.Private Equity Fund · Last reported May 8, 2026$764MGross asset value

Form D fundraising filings

First Reserve Refuel Fund, L.P.

Fund administrator GEN II COMPLIANCE SERVICES LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian BANK OF AMERICA, N.A. CHICAGO, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

Fund details & source

Fund ID: 805-2242075043
Reported beneficial owners: 32
Minimum commitment: $81.6K
Form D file number: 021-424219

Form ADV 2090555 · May 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FIRST RESERVE ASCENT OPPORTUNITIES FUND, L.P.Private Equity Fund · Last reported May 8, 2026$717MGross asset value

Form D fundraising filings

First Reserve Ascent Opportunities Fund, L.P.

Feeder funds

FIRST RESERVE ASCENT OPPORTUNITIES FEEDER FUND, L.P.

Fund administrator GEN II COMPLIANCE SERVICES LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian BANK OF AMERICA, N.A. CHICAGO, Illinois, United States Related to adviser: No

Marketer PJT PARTNERS LP NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

DELOITTE & TOUCHE LLP
PCAOB 34

PJT PARTNERS LP
CRD 171058 · SEC 8-69442

Fund details & source

Fund ID: 805-8609835410
Reported beneficial owners: 38
Minimum commitment: $43.9K
Form D file number: 021-560535

Form ADV 2090555 · May 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FR EVOLUTION I, L.P. (AND ITS RELATED INVESTMENT VEHICLES)Private Equity Fund · Last reported May 8, 2026$492MGross asset value

Form D fundraising filings

First Reserve Fund XIV, L.P.

Fund administrator GEN II COMPLIANCE SERVICES LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian BANK OF AMERICA, N.A. CHICAGO, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

Fund details & source

Fund ID: 805-7955817186
Reported beneficial owners: 11
Minimum commitment: $1M
Form D file number: 021-335724

Form ADV 2090555 · May 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FR EVOLUTION II, L.P. (AND ITS RELATED INVESTMENT VEHICLES)Private Equity Fund · Last reported May 8, 2026$236MGross asset value

Form D fundraising filings

FR Evolution II, L.P.

Fund administrator GEN II COMPLIANCE SERVICES LLC NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian BANK OF AMERICA, N.A. CHICAGO, Illinois, United States Related to adviser: No

Custodian CITIZENS BANK, N.A. PROVIDENCE, Rhode Island, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE & TOUCHE LLP
PCAOB 34

Fund details & source

Fund ID: 805-8257294470
Reported beneficial owners: 11
Minimum commitment: $500K
Form D file number: 021-539993

Form ADV 2090555 · May 8, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: May 8, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

262 HARBOR DRIVE, 3RD FLOOR
STAMFORD, CT, 06902, United States

CRD 157056

Filing source

Form ADV 2090555 · May 8, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.