Waterous Energy Fund Closes Third Private Equity Fund at C$1.4 Billion
Waterous Energy Fund (WEF) has successfully closed its third private equity fund at C$1.4 billion (~US$1 billion). Fund III will focus on value-based investments in the Canadian oil and gas sector, pursuing a concentrated portfolio strategy of scaled businesses with high-quality, geographically adjacent assets.
The Fund has already deployed approximately one-third of its capital in Greenfire Resources , an Athabasca thermal oil production company. The majority of the Fund's capital comes from existing partners, with some new investors joining. Bennett Jones LLP and Mayer Brown LLP served as legal counsel for Fund III's formation.
Waterous Energy Fund (WEF) ha chiuso con successo il suo terzo fondo di private equity a C$1,4 miliardi (~US$1 miliardo). Il Fondo III si concentrerà su investimenti basati sul valore nel settore canadese del petrolio e del gas, perseguendo una strategia di portafoglio concentrato di aziende scalate con attivi di alta qualità e geograficamente adiacenti.
Il Fondo ha già investito circa un terzo del suo capitale in Greenfire Resources, un'azienda di produzione di petrolio termico dell'Athabasca. La maggior parte del capitale del Fondo proviene da partner esistenti, con alcuni nuovi investitori che si uniscono. Bennett Jones LLP e Mayer Brown LLP hanno svolto il ruolo di consulenti legali per la formazione del Fondo III.
Waterous Energy Fund (WEF) ha cerrado con éxito su tercer fondo de capital privado por C$1.4 mil millones (~US$1 mil millones). El Fondo III se centrará en inversiones basadas en el valor en el sector canadiense de petróleo y gas, persiguiendo una estrategia de cartera concentrada de negocios escalados con activos de alta calidad y geográficamente adyacentes.
El Fondo ya ha desplegado aproximadamente un tercio de su capital en Greenfire Resources, una empresa de producción de petróleo térmico de Athabasca. La mayor parte del capital del Fondo proviene de socios existentes, con algunos nuevos inversores que se unen. Bennett Jones LLP y Mayer Brown LLP actuaron como asesores legales para la formación del Fondo III.
Waterous Energy Fund (WEF)는 C$14억 (~US$10억)로 세 번째 사모펀드를 성공적으로 마감했습니다. 제3펀드는 캐나다 석유 및 가스 부문에서 가치 기반 투자에 집중하며, 고품질의 지리적으로 인접한 자산을 가진 대규모 비즈니스의 집중 포트폴리오 전략을 추구합니다.
펀드는 이미 Greenfire Resources에 자본의 약 3분의 1을 배포했습니다. 펀드의 자본 대부분은 기존 파트너로부터 나오며, 일부 새로운 투자자도 합류했습니다. Bennett Jones LLP와 Mayer Brown LLP는 제3펀드 설립을 위한 법률 자문을 제공했습니다.
Waterous Energy Fund (WEF) a réussi à clôturer son troisième fonds de capital-investissement à C$1,4 milliard (~US$1 milliard). Le Fonds III se concentrera sur des investissements basés sur la valeur dans le secteur canadien du pétrole et du gaz, en poursuivant une stratégie de portefeuille concentrée d'entreprises à grande échelle avec des actifs de haute qualité et géographiquement adjacents.
Le Fonds a déjà déployé environ un tiers de son capital dans Greenfire Resources, une entreprise de production de pétrole thermique d'Athabasca. La majorité du capital du Fonds provient de partenaires existants, avec quelques nouveaux investisseurs qui rejoignent. Bennett Jones LLP et Mayer Brown LLP ont servi de conseillers juridiques pour la formation du Fonds III.
Waterous Energy Fund (WEF) hat erfolgreich seinen dritten Private Equity Fonds mit C$1,4 Milliarden (~US$1 Milliarde) abgeschlossen. Fonds III wird sich auf wertorientierte Investitionen im kanadischen Öl- und Gassektor konzentrieren und eine konzentrierte Portfoliostrategie von skalierbaren Unternehmen mit hochwertigen, geografisch angrenzenden Vermögenswerten verfolgen.
Der Fonds hat bereits etwa ein Drittel seines Kapitals in Greenfire Resources, einem Unternehmen für thermische Ölförderung in Athabasca, investiert. Der Großteil des Kapitals des Fonds stammt von bestehenden Partnern, wobei einige neue Investoren hinzukommen. Bennett Jones LLP und Mayer Brown LLP fungierten als rechtliche Berater für die Gründung von Fonds III.
- Successful fundraising of C$1.4 billion demonstrates strong investor confidence
- High retention of existing investors indicates strong track record
- One-third of capital already deployed, showing efficient capital allocation
- Strategic investment in established thermal oil production assets
- Heavy concentration in Canadian oil and gas sector limits diversification
- Significant capital allocation to single investment (Greenfire Resources) increases portfolio risk
For Fund III, WEF will continue to pursue its value-based investment strategy in the Canadian oil and gas sector. WEF believes that a concentrated portfolio of scaled businesses with established, high-quality, and geographically adjacent assets is the most effective way to compound long-term intrinsic value per share while maintaining a margin of safety.
Adam Waterous, Managing Partner and Chief Executive Officer of WEF, said, “We are deeply grateful for the trust and confidence the Fund’s investors have placed in both our team and strategy. We are honoured that most of the Fund’s capital comes from our longstanding partners and are thrilled to welcome new partners into the Fund as well. We believe our track record has validated our investment thesis, and we remain confident in our ability to continue executing our strategy.”
To date, WEF has invested approximately one third of the Fund’s capital in Greenfire Resources Ltd., an
Bennett Jones LLP and Mayer Brown LLP served as legal counsel to WEF in the formation of Fund III.
About WEF
Founded in 2017, WEF is a
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Source: Waterous Energy Fund
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