# FOREST INVESTMENT ASSOCIATES L.P.

FOREST INVESTMENT ASSOCIATES L.P. of ATLANTA, GA is an SEC-registered investment adviser.

## Registration

- CRD: 110163
- Type: SEC-registered investment adviser
- SEC file number: 801-27363
- Location: 15 PIEDMONT CENTER, SUITE 1250, ATLANTA, GA, 30305-1509
- Phone: 404-829-8842
- Latest filing: 2026-04-02
- Regulatory AUM: $5.2B
- Discretionary AUM: $277.0M
- Non-discretionary AUM: $5.0B
- Clients: 55
- Accounts: 20

## Business model

- Compensation: % of AUM, Fixed, Performance, Other
- Clients served: Pooled vehicles, Investment cos, Other

## Officers, owners & control persons (24)

| Name | Role | Location |
| --- | --- | --- |
| [Marc A Walley](https://search.stillhousedata.com/person/384479) | BOARD CHAIR | Atlanta, GA |
| [Christina Dawn Klein](https://search.stillhousedata.com/person/709223) | MANAGING DIRECTOR, HEAD OF CORPORATE FINANCE AND HR | — |
| [Michael P Cerchiaro](https://search.stillhousedata.com/person/709224) | PRESIDENT & CEO | — |
| [Andrew L Boutwell](https://search.stillhousedata.com/person/709225) | SR. MANAGING DIRECTOR, HEAD OF INVESTMENT MANAGEMENT | — |
| [Darcy L Austin](https://search.stillhousedata.com/person/709226) | MANAGING DIRECTOR, HEAD OF CLIENT ACCOUNTING | — |
| [Michael Derek Macarthur](https://search.stillhousedata.com/person/709227) | CHIEF COMPLIANCE OFFICER | — |
| [Marykate Hanlon Bullen](https://search.stillhousedata.com/person/709228) | MANAGING DIRECTOR, HEAD OF BUSINESS DEVELOPMENT AND SUSTAINABILITY | — |
| [KELLY WILLIAM MICHAEL](https://search.stillhousedata.com/person/732522) | CHAIRMAN OF THE BOARD; PRESIDENT; V.P. & DIRECTOR OF MANAGEMENT | — |
| [TARVER CHARLES MELVIN](https://search.stillhousedata.com/person/736969) | PRESIDENT | — |
| [PURCELL CHRISTINA DAWN](https://search.stillhousedata.com/person/736970) | CHIEF COMPLIANCE OFFICER; VP, DIRECTOR OF CORPORATE FINANCE AND HR; VP, DIRECTOR OF CORPORATE FINANCE; CHIEF COMPLIANCE OFFICER | — |
| [WALLEY MARC A](https://search.stillhousedata.com/person/773964) | EXECUTIVE VICE PRESIDENT; PRESIDENT | — |
| [GRICE SAMUEL R](https://search.stillhousedata.com/person/773965) | VP, DIRECTOR OF CLIENT ACCOUNTING | — |
| [VANOVER CHARLES L](https://search.stillhousedata.com/person/773966) | VP, DIRECTOR OF CORPORATE DEVELOPMENT; VP, DIRECTOR OF REAL ESTATE TRANSACTIONS | — |
| [BOND VICTOR SCOTT](https://search.stillhousedata.com/person/773967) | VP, DIRECTOR OF CLIENT RELATIONS AND BUSINESS DEVELOPMENT; VP, DIRECTOR OF MARKETING | — |
| [CERCHIARO MICHAEL P](https://search.stillhousedata.com/person/815990) | VP, DIRECTOR OF INTERNATIONAL INVESTMENTS & OPERATIONS | — |
| [WHITLEY MATTHEW A](https://search.stillhousedata.com/person/815991) | FIA EXECUTIVE COMMITTEE MEMBER, PRESIDENT - AGVICTUS CAPITAL MANAGEMENT, LLC (RELYING ADVISER); SHAREHOLDER | — |
| [CLUTTER MICHAEL L](https://search.stillhousedata.com/person/815992) | VP, DIRECTOR OF RESEARCH AND INVESTMENT STRATEGY; VP, DIRECTOR OF U.S. INVESTMENTS & OPERATIONS | — |
| [BOUTWELL ANDREW l](https://search.stillhousedata.com/person/854510) | VP, DIRECTOR OF REAL ESTATE TRANSACTIONS | — |
| [MACARTHUR MICHAEL DEREK](https://search.stillhousedata.com/person/861184) | CHIEF COMPLIANCE OFFICER | — |
| [Austin Darcy L](https://search.stillhousedata.com/person/870939) | VP, DIRECTOR OF CLIENT ACCOUNTING | — |
| [KALLBREIER WILLIAM LOUIS](https://search.stillhousedata.com/person/880053) | CHIEF COMPLIANCE OFFICER | — |
| [BULLEN MARYKATE HANLON](https://search.stillhousedata.com/person/882143) | MANAGING DIRECTOR, HEAD OF BUSINESS DEVELOPMENT AND SUSTAINABILITY | — |
| [Marc A. Walley](https://search.stillhousedata.com/person/1005748) | BOARD CHAIR | Atlanta, GA |
| [Andrew L. Boutwell](https://search.stillhousedata.com/person/1005750) | SR. MANAGING DIRECTOR, HEAD OF INVESTMENT MANAGEMENT | — |


## Private funds (5)

| Fund | Type | Formed | Owners | GAV | Min investment |
| --- | --- | --- | --- | --- | --- |
| FIA TIMBER GROWTH PARTNERS, LP | Real Estate Fund | Delaware | 5 | $331.4M | $5.0M |
| BAVARIAN TIMBER 2015, LLC | Real Estate Fund | Delaware | 1 | $313.0M | — |
| FIA TIMBER GROWTH AND VALUE PARTNERS, L.P. | Real Estate Fund | Delaware | 10 | $245.2M | $500K |
| FIA TIMBER GROWTH AND VALUE PARTNERS A, L.P. | Real Estate Fund | Delaware | 2 | $241.9M | $500K |
| FIA TIMBER PARTNERS II, LP | Real Estate Fund | Delaware | 9 | $147.3M | $5.0M |


## Fund service providers (1)

- custodian: FIA TIMBER GROWTH AND VALUE PARTNERS FEEDER, LP

## Related pages

- Form ADV Part 2 brochure: https://search.stillhousedata.com/firm/110163/brochure
- Similar advisers: https://search.stillhousedata.com/firm/110163/similar
- Related entities: https://search.stillhousedata.com/firm/110163/related
- SEC IAPD (source of record): https://adviserinfo.sec.gov/firm/summary/110163

---

Source: public SEC Form ADV data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.