Waterous Energy Fund holds initial close

Ted Liu

Updated on:

Waterous Energy Fund (Canadian) LP, a new oil and gas private equity fund, has raised $[mepr-active rule=”374″ ifallowed=”hide”]##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##[/mepr-active][mepr-active rule=”374″]20[/mepr-active] 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.

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