Managers/Private equity/Connecticut/First Reserve

First Reserve

First Reserve is a private equity manager in Stamford, CT. It is registered with the SEC as an investment adviser with $6.3B in regulatory assets and 38 staff. It has 11 funds on file, the latest reported in August 2026.

Funds on file
11
Raised, all funds
$3.8B
Regulatory assets
$6.3B
Staff
38
Pension investors
12
See the adviser's own filing →

Latest fund filing

Funds

DateFundTypeRaisedTarget
Aug 2026 FR Evolution II, L.P. Private equity $250.5M Not given
Jul 2026 First Reserve IOG Resources III, L.P. Private equity $208.3M Not given
Oct 2025 First Reserve Ascent Opportunities Feeder Fund, L.P. Private equity $314.7M Not given
Oct 2025 First Reserve Ascent Opportunities Fund, L.P. Private equity $488.2M Not given
Oct 2025 FR Ascent Feeder Alternative, L.P. Private equity $59.5M Not given
Nov 2023 First Reserve IOG Resources II, L.P. Private equity $150M Not given
Mar 2023 FR Industrials Opportunities Alternative, L.P. Private equity $664.7M $664.7M
Mar 2023 FR Industrials Opportunities Fund, L.P. Private equity $664.7M $664.7M
May 2022 First Reserve Legacy Opportunities Fund, L.P. Private equity $0 Not given
Dec 2021 First Reserve Refuel Fund, L.P. Private equity $510.5M $510.5M
Dec 2021 FR Refuel Alternative, L.P. Private equity $510.5M $510.5M

Adviser record

RegistrationRegistered with the SEC as an investment adviser.
Regulatory assets$6.3B
Employees38
Clients25 private funds.
Control personsPatrick, Jonathan Carroll, Alex, T Krueger, Erica, Hogan Radcliffe.
Private funds21 private funds holding $6.1B in gross assets.

Private funds it reports

FundTypeGross assets
First Reserve Fund Xiii, L.P. (and Its Related Investment Vehicles) Private equity $1.6B
FR Industrials Opportunities Fund, L.P. (and Its Related Investment Vehicles) Private equity $938.2M
FR Ascent Co-investment, L.P. (and Its Related Investment Vehicle) Private equity $776.4M
First Reserve Fund Xiv, L.P. (and Its Related Investment Vehicles) Private equity $723.7M
First Reserve Refuel Fund Private equity $668.8M
First Reserve Legacy Opportunities Fund, L.P. (and Its Related Investment Vehicles) Private equity $262.1M
First Reserve Upstream Annex Fund, L.P. (and Its Related Investment Vehicles) Private equity $203.5M
First Reserve Iog Resources II Private equity $165.8M
FR Finalizer Private equity $159.7M
Old Clem Investments, L.P. (and Its Related Investment Vehicles) Private equity $124.2M
FR BR Midstream Private equity $115.5M
First Reserve Iog Resources Private equity $99.9M
FR Utica Minerals Development Co-investment Private equity $90.3M
FR Flow Control Co-investment Private equity $57.7M
FR Barra Co-investment Private equity $43.1M