Waterous Energy Fund holds initial close

Waterous Energy Fund (Canadian) LP, a new oil and gas private equity fund, has raised $##Subscribers, please login to read deal details. Not yet a subscriber? Subscribe today to see our research on this deal and all other subscriber ONLY deals## million from two investors from Alberta and Ontario, according to a filing.

According to Bloomberg, Waterous Energy Fund has “raised” $400 million. It is not clear if the fund had raised or is intending to raise $400 million.

The General Partners (GPs) of the fund are Adam Waterous and J. Gordon Flatt.

Waterous most recently was Scotiabank’s Head of Global Energy and formerly a founder of Waterous & Co. which was acquired by Scotia Capital in 2005. Flatt based in Bermuda is the brother of Bruce Flatt, CEO of Brookfield Asset Management Inc.

NGP, Riverstone sell Northern Blizzard stakes at loss to Waterous
Waterous Energy Fund

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.