🦊/Investors

Waterous Energy Fund

Private equity

Calgary · Growth–Late Stage · 8 people tracked

Also known as WATEROUS ENERGY FUND MANAGEMENT (US), LLC · WATEROUS ENERGY FUND MANAGEMENT CORP. (ALBERTA)

Find your way into Waterous Energy Fund

1,499 people in our graph share verified history with the Waterous Energy Fund team — schools, employers, funds. One of them is your warm intro.

Yaryna Nychunlockedknows Liam Waterous · together at Harvard University (overlapped)
×4knows the team · via Harvard University
×6knows the team · via Barclays
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Investment thesis

WEF pursues a value-based investment strategy in the Canadian oil and gas sector rather than the traditional growth-equity approach. It acquires established, high-quality, geographically concentrated sub-scale assets and combines them into large, durable businesses, favoring a concentrated portfolio of scaled companies over many smaller ones. The strategy follows three principles: compounding long-term intrinsic value per share by maximizing net asset value and operating return on equity, maintaining a margin of safety through low-breakeven, long-reserve-life assets with established production histories, and consolidating core areas by building a beachhead and acquiring surrounding assets to cut costs and improve cost of capital.

Source: firm website, verified Sep 15, 2026.

Stage
Growth–Late Stage
HQ
Calgary, AB, CA
Instruments
Equity
Founded
2017
AUM
$4B
Tracked investments
2
IPOs
2

Team · 8 people

from the firm's website

What they invest in

from 1 of 2 portfolio companies

Energy ×1

HQs:Canada×1

Investments · 2 tracked

founders shown can be your intro path
Greenfire Resourcesgreenfireres.comin𝕏NYSE: GFR

Greenfire is an oil sands producer developing thermal oil assets in the Athabasca region of Alberta using steam-assisted gravity drainage extraction methods.

EnergyCalgary, CA

Colin Germaniuk(President)in

BoardAdam Waterous(Executive Chairman)in

Strathcona ResourcesOTC: STHRF

One of North America's fastest growing pure-play heavy oil producers focused on thermal oil and enhanced oil recovery; listed on the TSX (SCR).

Exits · 2

2 IPOs

Greenfire ResourcesNYSE: GFRStrathcona ResourcesOTC: STHRF

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does Waterous Energy Fund invest at?
Waterous Energy Fund invests at the Growth, Late Stage stages.
What sectors does Waterous Energy Fund focus on?
Waterous Energy Fund focuses on Energy.
Where is Waterous Energy Fund located?
Waterous Energy Fund is headquartered in Calgary, CA.

Media · Podcasts & interviews

featuring the team

Investor Insights Ep12: Henry Hager, Waterous Energy Fund

Energy Council · Henry Hager

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