Fundraising FoxWaterton
Crossover fundChicago · 3 people tracked
Also known as Waterton Investment Adviser, L.L.C.
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Investment thesis
Waterton Global invests in public and private mining companies across North and South America. The firm combines investment management with deep technical project-evaluation expertise, offering project acquisitions and financing solutions and guiding assets from acquisition through operations to a successful exit. Its team conducts extensive due diligence and applies decades of combined experience in evaluating mining projects.
Source: firm website, verified Aug 6, 2026.
Team · 3 people
from the firm's websiteIsser Elishis is Managing Partner and Chief Investment Officer at Waterton, where he oversees investment decision-making, portfolio strategy, deal structuring and execution, portfolio monitoring, and exit assessment. As CIO he has overseen more than $9 billion invested across North America, Europe, Asia, and Australia. Before Waterton, he was Senior Vice President and Director at HSBC, running the Toronto-based Equity Structured Finance Group, which executed over $7 billion in transactions during his tenure.
Serves as Chief Strategist of the Investment Adviser, shaping and implementing the firm's strategic direction and assisting with general management; previously worked with Isser Elishis at HSBC's Equity Structured Finance Group.
James Hennessy previously served as President and CEO of ING Mutual Funds, which managed roughly $100 billion, and held senior executive roles at mortgage banking, investment banking, and financial services companies. Earlier in his career he worked as a New York City corporate lawyer advising on M&A and corporate finance. He has held various board positions, including a lead director role at Allis Chalmers Oil & Gas Services and a directorship at a Michigan-based asset management company.
Fund performance · per public LP disclosures · 2
as of Sep 2024| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Waterton Residential Property Venture XVLPs: New York City Fire Department Pension Fund | 2023 | — | 8.1% | — | 0.09x |
| Waterton Fund XIILPs: Employees' Retirement System of Rhode Island | 2014 | — | 9.9% | 1.52x | 1.25x |
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
- What is Waterton's typical check size?
- Waterton typically writes checks of $20M – $300M.
- What sectors does Waterton focus on?
- Waterton focuses on New Materials.
- Where is Waterton located?
- Waterton is headquartered in Chicago, US.
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