How many investments has Waterman Capital made?

Waterman Capital has 19 tracked investments.

What stage does Waterman Capital invest at?

Waterman Capital invests at the Growth, Late Stage stages.

What sectors does Waterman Capital focus on?

Waterman Capital focuses on Sector Agnostic.

Where is Waterman Capital located?

Waterman Capital is headquartered in Auckland, NZ.

Waterman Capital

Private equity

Auckland · Growth–Late Stage · 11 people tracked

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2,475 people in our graph share verified history with the Waterman Capital team — schools, employers, funds. One of them is your warm intro.

David Phuunlockedknows David Sainsbury · together at PwC (overlapped)

knows the team · via UBS

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Investment thesis

Waterman Capital focuses on mid-market private businesses in New Zealand, drawing on a highly experienced team with over 100 years of combined private equity experience and a core team that has worked together for more than a decade. The firm positions itself as an active investor that adds value by collaborating closely with management teams and stakeholders.

Invests inSector AgnosticAuckland New Zealand

Source: firm website, verified Aug 3, 2026.

Stage

Growth–Late Stage

Auckland, NZ

Instruments

Equity

Founded

2004

Tracked investments

Team · 11 people

from the firm's website

Chris Marshall· Executive Director

Co-founded Waterman with Matt Riley in 2004 and has over 25 years of direct private equity experience in New Zealand. A senior member of the Investment Committee focused on strategic support for portfolio companies, investor relations and deal origination.

c•••@waterman.co.nzreveal

Matt Riley· Executive Director· New Zealandin

Co-founded Waterman with Chris Marshall in 2004 and has over 25 years of direct private equity experience in New Zealand. A senior member of the Investment Committee focused on deal origination, portfolio company leadership and investor relations; former Chairman of the NZ Private Capital Association (2014-2018).

m•••@waterman.co.nzreveal

Andrew Fredericks· Executive Director· Auckland Metropolitan Areain

Joined Waterman in early 2023 after 13 years at UBS NZ, most recently as Co-Head of Investment Banking, and earlier roles at Lazard and Deloitte. Member of the Investment Committee focused on deal origination and execution, and responsible for Waterman's ESG function.

a•••@waterman.co.nzreveal

Jacques Venter· Executive Director· New Zealandin

Joined Waterman in 2011 with over 12 years of direct private equity experience in New Zealand, having previously worked at Fonterra, Jamieson Corporate Finance, BSkyB and Deloitte. Member of the Investment Committee with overall responsibility for Waterman's operating activities.

j•••@waterman.co.nzreveal

David Sainsbury· Investment Director· Reigate, England, United Kingdomin

Joined Waterman in 2019 with over six years of direct private equity experience, having previously held investment banking and corporate finance roles at Deutsche Craigs, KPMG and PwC. Leads Waterman's investment execution function.

d•••@waterman.co.nzreveal

Mitchell Parr· Investment Director· Katowice, Śląskie, Polandin

Joined Waterman at the start of 2024 with over two years of direct private equity experience, having previously held private equity and investment banking roles at STILL, Houlihan Lokey and PwC. Assists in leading the investment execution function.

m•••@waterman.co.nzreveal

Amanda Smith· Chief Financial Officer

Joined Waterman in 2006 with around 30 years of experience in financial and management reporting. Leads the firm's financial and investor reporting, compliance and fund administration functions, having earlier worked at Spicer and Oppenheim, investment banks in London and Moscow, and Lend Lease.

a•••@waterman.co.nzreveal

Angus Wills· Investment Analyst

Joined Waterman in 2026 after two years in investment banking with Murray & Co, where he worked on M&A, capital raising and ECM mandates. Responsible for evaluating new investment opportunities, transaction execution and portfolio company support.

a•••@waterman.co.nzreveal

Phil Maud· Strategy & Operations Director· Auckland, Auckland, New Zealandin

Joined Waterman in 2009 with over 15 years of direct private equity experience and around 30 years in business process improvement and project management. Leads Waterman's value creation process and provides portfolio company leadership.

p•••@waterman.co.nzreveal

Sarah Knighton· Strategy & Operations Manager

Joined Waterman in 2025 with corporate strategy and operations experience in Australia, including roles at GenesisCare, Team Global Express and Lion, and began her career in investment banking at Credit Suisse in Sydney. Focused on Waterman's value creation process and portfolio company support.

s•••@waterman.co.nzreveal

Shan Tran· Finance Manager

Joined Waterman in 2019 to support the CFO, assisting across internal financial and investor reporting functions. Has over 20 years of financial accounting experience, previously at Morgan Stanley, BP and Grant Thornton.

s•••@waterman.co.nzreveal

What they invest in

from 6 of 19 portfolio companies

E-commerce ×2Enterprise Software ×2FoodTech ×2PropTech ×2AI & Machine Learning ×1Biotech ×1Cloud Computing ×1Construction Tech ×1

HQs:New Zealand×5Australia×1

Investments · 19 tracked

founders shown can be your intro path

Academic Colleges Group

Allevia Health

Canopy Healthcare Group

Crockerscrockers.co.nz in

Crockers Property Group operates a body corporate management service for residential and commercial properties across New Zealand, handling administrative, compliance, and operational matters for bodies corporate and unit-titled developments.

PropTechAuckland, NZ

David Reid Homesdavidreidhomes.co.nz in

David Reid Homes Wanaka is a custom home building company that prioritizes quality construction and long-term durability over volume, employing experienced builders and high-quality materials for residential projects in the Wanaka region.

Construction TechPropTechNew Zealand, NZ

Chris Leithin

Express Logistics Group

Farro Freshfarro.co.nz

Farro is a New Zealand grocery and specialty food retailer offering an online store where customers can shop food products, manage a trolley, and save items to a wishlist.

ConsumerE-commerceFoodTech

Fusion5fusion5.com in 𝕏

This page appears to be informational content about cloud computing platforms rather than a company profile.

AI & Machine LearningCloud ComputingEnterprise Software

Guthrie Bowron

Healthlink Group

Icl Education Group

International Forwarding Pty

Manuka Health New Zealand

My Food Bagmyfoodbag.co.nz 𝕏

My Food Bag is a meal-kit delivery service that ships weekly boxes of recipes and pre-portioned ingredients, including 15-minute, pre-prepped, batch cook and ready-made options, to home cooks in New Zealand.

Direct to ConsumerE-commerceFoodTech

New Zealand Clinical Researchnzcr.co.nz

New Zealand Clinical Research (NZCR) is a clinical trials and medical research organization that conducts early-phase and later-phase clinical research for pharmaceutical, biotech, and contract research organizations.

BiotechEnterprise SoftwareHealthtechMedical DevicesAuckland, NZ

Partners Lifepartnerslife.co.nz

Pbt Group

Provincial Education Group

WorkingIn

Frequently asked questions

How many investments has Waterman Capital made?: Waterman Capital has 19 tracked investments.
What stage does Waterman Capital invest at?: Waterman Capital invests at the Growth, Late Stage stages.
What sectors does Waterman Capital focus on?: Waterman Capital focuses on Sector Agnostic.
Where is Waterman Capital located?: Waterman Capital is headquartered in Auckland, NZ.

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