First Reserve

First Reserve Fund XIII, L.P.

First ReserveVINTAGE 2014

NET IRR

-2.1%

TVPI

0.91x

DPI

0.60x

COMMITMENT

$200M

LP SOURCES

5

VALUATION SPREAD0.90x – 0.92x TVPI across 4 sources

SEC REGISTRATION · FORM ADV SCHEDULE D

SEC IAPD ↗

GROSS ASSET VALUE

$1.6B

MIN INVESTMENT

$10.0M

INVESTORS

34

AUDITED

Yes

DOMICILE

Cayman Islands

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Minnesota SBI2025-12-31$200M$239.4M-2.1%0.91x0.60xSOURCE ↗
CalPERS2025-09-30$400M$480.6M-1.9%0.92x0.59xSOURCE ↗
WSIB2025-09-30$400M$482.1M-1.9%0.90x0.59xSOURCE ↗
CalSTRS2025-06-30$200M$247.5M-2.3%0.92x0.59xSOURCE ↗
MD MSRPS2025-06-30SOURCE ↗