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Waterland

Private equityoperating company · company profile

Bussum · Growth · 20 people tracked

Also known as WATERLAND PRIVATE EQUITY INVESTMENTS B.V.

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Investment thesis

Waterland Private Equity applies a buy-and-build strategy, backing successful companies in fragmented, growing markets and partnering with management teams to accelerate growth via organic development and targeted add-on acquisitions. It provides expansion capital plus hands-on support in acquisitions, financing and organisational development while leaving daily operations to management. Its approach rests on three pillars: buy-and-build, proactive deal sourcing, and a flexible, tailor-made strategy. Investments are guided by four macro-economic themes: outsourcing & digitalisation, ageing population, leisure & wellbeing, and sustainability. Backed by leading institutional investors, Waterland has raised over €20 billion in commitments, and is currently investing Fund X.

Source: firm website, verified Sep 29, 2026.

Stage
Growth
HQ
Bussum, NL
Instruments
Equity
Founded
1999
AUM
$22B
Tracked investments
18

Team · 20 people

from the firm's website
Nathalie Callens· Executive Assistant

Founder mafia

3 people who came through Waterland went on to found or lead other companies.

What they invest in

from 4 of 18 portfolio companies

SaaS ×3B2B Marketplaces ×1Cloud Computing ×1Creator Economy ×1Digital Health ×1Enterprise Software ×1InsurTech ×1Media & Entertainment ×1

HQs:Netherlands×2Germany×1

Investments · 18 tracked

founders shown can be your intro path

By year:2024 · 12018 · 12 dated

Aevitaeaevitae.com

Aevitae is a Dutch health insurance service provider that manages insurance products and administration for consumers, employers, intermediaries, and healthcare providers.

Digital HealthInsurTech

Helloriderhellorider.comSep 2024

Hellorider operates a platform for business bicycle leasing in the Netherlands, connecting bike dealers, leasing companies, employers, and employees with a choice of over 200 bike brands and 1,600+ dealers.

B2B MarketplacesMobility & TransportationSaaS

Co-investorsNPM Capital N.V.

Image Lineimage-line.com𝕏

Image-Line makes FL Studio, a digital audio workstation for music producers to create beats, record audio, and arrange and mix full tracks.

Creator EconomyMedia & EntertainmentSaaS

Co-investorsOrkila CapitalUlysses Management

Swyx Solutionsswyx.deJan 2018

Enreach (founded 1999 as Swyx) develops unified communications software that consolidates business telephony and communication into a single platform accessible via PC and smartphone apps, including cloud telephony and AI-based solutions.

Cloud ComputingEnterprise SoftwareSaaS

Co-investorsTiburon

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

9AltitudesA RosaAbtsAfoAlbatrossAlbatross ProjectsAll Things LiveAlliance ElectronicsAlphitanAlphitan GroupAml RiatolArgonaArseusAtl

Fund performance · per public LP disclosures · 7

as of Jun 2025
FundVintageCommittedNet IRRTVPIDPI
Waterland Private Equity Fund VI LPLPs: Florida State Board of Administration2015—23.7%2.40x1.84x
Waterland Private Equity Fund V C VLPs: Sacramento County Employees' Retirement System2011—35.0%2.95x3.05x
Waterland Private Equity Fund VII C.V.LPs: Florida State Board of Administration2005—34.5%1.53x0.16x
Waterland Private Equity VI Overflow Feeder Fund L.P.LPs: Florida State Board of Administration2004—-100.0%0.00x0.00x
Waterland Private Equity VI, L.P.LPs: Florida State Board of Administration2004—23.0%2.26x1.84x
Waterland Private Equity VI, L.P. Overflow FeederLPs: Florida State Board of Administration2004——0.14x0.00x
Waterland Private Equity Fund VIII C.V.LPs: Florida State Board of Administration2001——1.27x0.00x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has Waterland made?
Waterland has 18 tracked investments.
What stage does Waterland invest at?
Waterland invests at the Growth stage.
What sectors does Waterland focus on?
Waterland focuses on Wellness & Fitness.
Where is Waterland located?
Waterland is headquartered in Bussum, NL.

Media · Podcasts & interviews

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