We’re Not Venture Capitalists, We’re Value Investors



Founded in 2017, Waterous Energy Fund (WEF) is a Calgary-based private equity firm pursuing investments in the Canadian oil and gas sector. WEF has raised over $3 billion in capital commitments across five distinct fundraises, positioning WEF as Canada’s largest oil and gas private equity manager.

Unlike the traditional growth-equity approach to oil and gas investing, WEF pursues a value-based investment strategy, targeting established businesses with high-quality assets. Rather than managing a large portfolio of smaller companies, we believe a concentrated portfolio of scaled businesses is the most effective way to compound long-term intrinsic value per share while maintaining a margin of safety.
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