9AT: FOREST INVESTMENT ASSOCIATES

other names

FOREST INVESTMENT ASSOCIATES
AGVICTUS CAPITAL MANAGEMENT, LLC "RELYING ADVISER"
FOREST INVESTMENT ASSOCIATES L.P.

Adviser Profile

As of Date	03/25/2025
ADV Location	ATLANTA, GA, United States
Adviser Type - Large advisory firm
Number of Employees	60 11%
of those in investment advisory functions	13 18%
Registration	SEC, Approved, 06/20/1986

AUM^*	5,228,063,835 13%
of that, discretionary	4,967,009,303 15%
Private Fund GAV^*	1,262,375,611 -4%
Avg Account Size	227,307,123 13%
% High Net Worth	21.74%
SMA’s	Yes
Private Funds	6 2
Contact Info	404 xxxxxxx
Websites

Client Types

- High net worth individuals
- Pooled investment vehicles
- Pension and profit sharing plans
- State or municipal government entities
- Insurance companies
- Other

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

Fund Type	Count	GAV
Fund TypeReal Estate Fund	Count6	GAV$1,262,375,611

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser MEADOW CAPITAL MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund4.3b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV4.3b	AUM5.0b	#Funds18
Adviser STAFFORD CAPITAL PARTNERS LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund1.5b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund150.0m	Total Private Fund GAV1.6b	AUM6.5b	#Funds11
Adviser TRANSWESTERN INVESTMENT MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund1.4b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.4b	AUM4.3b	#Funds5
Adviser ABACUS CAPITAL GROUP LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund4.0b	Real Estate Fund5.6b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV9.7b	AUM5.6b	#Funds12
Adviser SLATE ADVISORY SERVICE (US) LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund2.1b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.1b	AUM3.8b	#Funds9
Adviser GLOBAL FOREST PARTNERS LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund6.2b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV6.2b	AUM3.7b	#Funds17
Adviser IDR INVESTMENT MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund5.9b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV5.9b	AUM8.5b	#Funds5
Adviser WATERTON INVESTMENT ADVISER, L.L.C.	Hedge Fund100.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund4.4b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV4.5b	AUM4.5b	#Funds16
Adviser BENTALLGREENOAK STRATEGIC CAPITAL PARTNERS	Hedge Fund-	Liquidity Fund-	Private Equity Fund145.0m	Real Estate Fund4.6b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV4.7b	AUM3.5b	#Funds106
Adviser AVANATH CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund3.6b	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.6b	AUM3.6b	#Funds15

Brochure Summary

Overview

Forest Investment Associates, formed in 1986, is a Registered Investment Adviser providing investment management services for forest investors. Operating out of Atlanta, Georgia, U.S. headquarters and multiple U.S. field offices, along with offices in Brazil, Chile, and Mexico, FIA acquires and manages forest investment portfolios for commingled fund and separately managed account clients. Forest Investment Associates is majority owned and controlled by Forest Investment Associates, LLC. No individual directly or indirectly owns or controls more than 25% of Forest Investment Associates. FIA’s Executive Committee is comprised of the following persons:
• Michael Cerchiaro - President & CEO
• Andrew Boutwell - Senior Managing Director, Head of Investment Management
• Darcy Austin – Managing Director, Head of Client Accounting
• MaryKate Bullen – Managing Director, Head of Business Development & Sustainability
• Christina Purcell – Managing Director, Head of Corporate Finance & Human Resources FIA’s overall management objective is to maximize the value of each client portfolio through capital appreciation from optimal forest productivity and cash flows from timber harvests. Our experienced foresters, analysts and specialists combine financial management skills with the latest forest science and technology to achieve this objective. In managing forest investment portfolios, FIA selects properties specific to the needs of the particular

client. FIA seeks to build portfolios that are diversified across various criteria, including:
• Geographic location
• Timber species
• Timber age Hunting, recreation, mitigation, conservation, renewable energy and other non-timber income sources provide opportunities for adding value, and we work to maximize these sources. FIA’s business knowledge and expertise is not limited to forestry, and we seek to proactively identify and implement alternative land uses, timberland sales and other value growth opportunities based on local market dynamics. FIA has four commingled funds (hereinafter, the “Funds”) listed below. The Funds are exempt from registration under the Investment Company Act of 1940. They are managed in accordance with their own investment objectives, strategies and guidelines and are not tailored to the individual needs of any particular investor in the Funds. Therefore, investors must consider whether the Funds meet their investment objectives and risk tolerance prior to investing. Detailed information about the Funds can be found in each respective Fund’s private placement memorandum.
• FIA Timber Growth Partners, LP
• FIA Timber Partners II, LP
• FIA Timber Growth and Value Partners, LP
• FIA Timber Growth and Value Partners A, LP (Parallel Fund) As of December 31, 2023, FIA had $4,796,943,377 in discretionary assets under management, and $244,774,453 in non-discretionary assets.

FOREST INVESTMENT ASSOCIATES

Adviser Profile

Details

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

Similar advisers

Brochure Summary

Overview