AUMdb

Forest Investment Associates L.P.

SEC-registered Investment Adviser · Mid-sized ($1B–$10B) CRD 110163 · SEC file 801-27363 · Atlanta, GA · WWW.FORESTINVEST.COM
☆ Save with Pro ADV data as of Apr 02, 2026
Regulatory AUM
$5.2B
Discretionary
$277M
Clients
16
Avg AUM / client
$327M
Accounts
20
Employees
55

AUM over time

$3.5B $5.7B
Dec 2011 Dec 2025

Annual snapshots from Form ADV filings · as of Apr 02, 2026

Who they serve

Client typeClientsAUM% 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

FundTypeDomicileGross assetsOwners
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)

NameRole / titleCredentialsWith firm sinceOwnership
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)

EntityTitle / statusSinceSch.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)

FundTypeGross assetsMin. investmentOwners
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)

PlanSponsorParticipantsPlan assetsAs 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)

FormPeriodSize
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) ↗