Waterous Energy Fund Closes Third Private Equity Fund at C$1.4 Billion
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, 鈥淲e are deeply grateful for the trust and confidence the Fund鈥檚 investors have placed in both our team and strategy. We are honoured that most of the Fund鈥檚 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.鈥�
To date, WEF has invested approximately one third of the Fund鈥檚 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
View source version on businesswire.com:
[email protected]
403 930 6048
Source: Waterous Energy Fund
