Forest Investment Associates L.P.
- Regulatory AUM
- $5.2B
- Discretionary
- $277M
- Clients
- 16
- Avg AUM / client
- $327M
- Accounts
- 20
- Employees
- 55
AUM over time
Annual snapshots from Form ADV filings · as of Apr 02, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | Fewer than 5 clients | $152M | 2.9% |
| Pooled investment vehicles (non-investment companies) | 5 | $1.3B | 24.4% |
| Pension and profit sharing plans | 5 | $1.5B | 29.5% |
| State or municipal government entities | 6 | $2.2B | 42.9% |
| Other | Fewer than 5 clients | $17.5M | 0.33% |
Private funds (5)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $1.3B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Fia Timber Growth Partners, Lp | Real Estate Fund | Delaware | $389M | 5 |
| Bavarian Timber 2015, Llc | Real Estate Fund | Delaware | $305M | 0 |
| Fia Timber Growth And Value Partners, L.P. master | Real Estate Fund | Delaware | $229M | 10 |
| Fia Timber Growth And Value Partners A, L.P. | Real Estate Fund | Delaware | $225M | 2 |
| Fia Timber Partners Ii, Lp | Real Estate Fund | Delaware | $163M | 9 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Western Conference Of Teamsters Pension Plan Western Conference Of Teamsters Pension Trust Fund Board Of Trustees | Seattle, WA | 2024 |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Purcell, Christina, Dawn | Vp, Director Of Corporate Finance And Hr | Feb 2005 (22y) | Less than 5% | |
| Cerchiaro, Michael, P | Vp, Director Of International Investments & Operations | Feb 2014 (13y) | Less than 5% | |
| Walley, Marc, A. | President | Feb 2016 (11y) | Less than 5% | |
| Boutwell, Andrew, L. | Vp, Director Of Real Estate Transactions | Jan 2019 (8y) | Less than 5% | |
| Austin, Darcy, L | Vp, Director Of Client Accounting | Jan 2021 (6y) | Less than 5% | |
| Bullen, Marykate, Hanlon | Managing Director, Head Of Business Development And Sustainability | Apr 2021 (5y) | Less than 5% | |
| Macarthur, Michael, Derek | Chief Compliance Officer | Nov 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Forest Investment Associates, Llc | General Partner | Jan 2008 | A | 50% – 75% |
| Investment Income Partnership | Limited Partner | Jun 1990 | A | 10% – 25% |
| Fia Holdings, Lp | Class A Member | Aug 2015 | B | ≈ 37.5% – 75% via Forest Investment Associates, Llc |
| Forest Investment Associates, Inc. | Class A Member | Aug 2015 | B | ≈ 18.75% – 56.25% via Fia Holdings, Lp |
| Fia Gp, Llc | General Partner | Aug 2015 | B | ≈ 9.38% – 37.5% via Fia Holdings, Lp |
Undisclosed: 0% – 40% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Fia Holdings, Lp: 75% – 100% of Forest Investment Associates, Llc × 50% – 75% direct ≈ 37.5% – 75% of the firm
- Forest Investment Associates, Inc.: 50% – 75% of Fia Holdings, Lp × 75% – 100% of Forest Investment Associates, Llc × 50% – 75% direct ≈ 18.75% – 56.25% of the firm
- Fia Gp, Llc: 25% – 50% of Fia Holdings, Lp × 75% – 100% of Forest Investment Associates, Llc × 50% – 75% direct ≈ 9.38% – 37.5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (5, $1.3B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Fia Timber Growth Partners, Lp | Real Estate Fund | $389M | $5.0M | 5 |
| Bavarian Timber 2015, Llc | Real Estate Fund | $305M | $0 | 0 |
| Fia Timber Growth And Value Partners, L.P. | Real Estate Fund | $229M | $500K | 10 |
| Fia Timber Growth And Value Partners A, L.P. | Real Estate Fund | $225M | $500K | 2 |
| Fia Timber Partners Ii, Lp | Real Estate Fund | $163M | $5.0M | 9 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Western Conference Of Teamsters Pension Plan | Western Conference Of Teamsters Pension Trust Fund Board Of Trustees | 231,353 | $56.4B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/02/2026 | 2.06 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
- • Other fees
- • DISPOSITION & ACQUISITION FEES
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Other services
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 02, 2026.
View current Form ADV (SEC/IAPD) ↗