First Reserve Management, L.P. (Stamford)


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. The adviser charges an additional fee when a set benchmark is outperformed. 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.

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