First Reserve

First Reserve Fund X, L.P.

First ReserveVINTAGE 2004

NET IRR

31.0%

TVPI

1.83x

DPI

1.83x

COMMITMENT

$100M

LP SOURCES

3

VALUATION SPREAD1.80x – 1.83x TVPI across 2 sources

SEC REGISTRATION · FORM ADV SCHEDULE D

SEC IAPD ↗

GROSS ASSET VALUE

$216.0M

MIN INVESTMENT

$10.0M

INVESTORS

106

AUDITED

Yes

DOMICILE

Delaware, United States

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Oregon OPERF2025-09-30$100M$100M31.0%1.83x1.83xSOURCE ↗
WSIB2025-09-30$200M$200M31.1%1.80x1.83xSOURCE ↗
LACERS2025-06-30$20M$20M31.0%SOURCE ↗