AdFi
WE

WATEROUS ENERGY FUND MANAGEMENT (US), LLC

SEC Registered

We're Not Venture Capitalists, We're Value Investors

HOUSTON, TXhttps://waterous.com281-545-7397
Assets Under Management
$1B–$5B
Year Founded
2017
Employees
2
Office Locations
2 offices
Total Accounts
12

About the firm

Founded in 2017, Waterous Energy Fund (WEF) is a Calgary-based private equity firm pursuing investments in the Canadian oil and gas sector. WEF has raised over $3 billion in capital commitments across five distinct fundraises, positioning WEF as Canada's largest oil and gas private equity manager. WEF pursues a value-based investment strategy targeting established businesses with high-quality assets.

Firm Focus

Client segments reported on the firm's SEC Form ADV — applies to all advisors at the firm.

Pooled Vehicles

Areas of expertise

Private EquityOil And GasValue InvestingCanadian EnergyAsset ConsolidationMergers And Acquisitions

Services

WEF pursues a value-based investment strategy involving acquiring established, high-quality, and geographically concentrated sub-scale assets and combining them to form large, durable businesses, with a concentrated portfolio of scaled companies in the Canadian oil and gas sector.

Private funds / alternatives
Private Equity

Who they serve

Client segmentClientsAssets managed
Individuals (Non-HNW)0
High Net Worth Individuals0
Investment Companies0
Pooled Investment Vehicles0
Pension/Profit Sharing Plans12$4.0B
Charitable Organizations0
State/Municipal Entities0
Insurance Companies0
Sovereign Wealth Funds0
Corporations0

0 total clients reported on Form ADV.

Leadership

Liricon Capital Ltd.
SHAREHOLDER
Liricon Capital Ltd.
SHAREHOLDER
Adam Richard Waterous
DIRECTOR OF GENERAL PARTNER OF WATEROUS ENERGY FUND (US) LP
Connor Lonergan Waterous
CHIEF COMPLIANCE OFFICER
Adam Richard Waterous
SHAREHOLDER
1100362 B.c. Ltd.
SHAREHOLDER
James Gordon Flatt
SHAREHOLDER
Skky Capital Corporation Limited
SHAREHOLDER
Janet Katherine Waterous
SHAREHOLDER
James Gordon Flatt
DIRECTOR OF GENERAL PARTNER OF WATEROUS ENERGY FUND (US) LP
Waterous Energy Fund Management Corp.
SOLE MEMBER

Office locations

2 offices in 2 states
TX
HOUSTONHQ
CT
GREENWICH

Advisors at this firm

2 advisors in the directory

Regulatory & compliance

CRD number
#290952
SEC Number
801-112304
Disciplinary History
No
Fee Model & Minimums
Model: Performance-based / Other
Minimum: $10,000,000 (waivable)

Data as of March 29, 2026 · Source: SEC IAPD & FINRA BrokerCheck

Contact Information

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Editorial disclosure

This profile was compiled and published by AdvisorFinder as editorial content using publicly available information from the SEC's IAPD database and FINRA BrokerCheck. WATEROUS ENERGY FUND MANAGEMENT (US), LLC has not reviewed, approved, or endorsed this profile and is not responsible for its accuracy. Regulatory records change over time — always verify the current record directly on the SEC or FINRA websites before making any decision.

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