Wave Equity Partners Llc
- Regulatory AUM
- $564M
- Discretionary
- $564M
- Clients
- 17
- Avg AUM / client
- $33.2M
- Accounts
- 17
- Employees
- 9
AUM over time
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 17 | $564M | 100.0% |
Private funds (15)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $481M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Wave Equity Fund Ii Lp master | Private Equity Fund | Delaware | $183M | 124 |
| Wave Equity Fund Lp | Private Equity Fund | Cayman Islands | $181M | 53 |
| Wave Equity Fund Iii Lp | Private Equity Fund | Delaware | $54.3M | 13 |
| Wave Equity Warehouse Lp | Private Equity Fund | Delaware | $26.0M | 11 |
| Wave Factorial Energy I Llc | Private Equity Fund | Delaware | $8.5M | 5 |
| Wave Equity Fund Ii (Nqp) Lp | Private Equity Fund | Delaware | $7.4M | 31 |
| Wave Equity Warehouse Ii Lp | Private Equity Fund | Delaware | $5.7M | 14 |
| Wave Aac Lio Co Invest Iii Llc | Private Equity Fund | Delaware | $4.2M | 11 |
| Wave Chasm Co Invest Ii Llc | Private Equity Fund | Delaware | $3.1M | 1 |
| Wave Chasm Co Invest I Llc | Private Equity Fund | Delaware | $3.0M | 16 |
| Wave Aac Co Invest I Llc | Private Equity Fund | Delaware | $1.7M | 3 |
| Wave Aac Co Invest Ii Llc | Private Equity Fund | Delaware | $1.3M | 8 |
| Wave Equity Sc Spv Llc | Private Equity Fund | Delaware | $1.2M | 1 |
| Wave Equity Fund A, Lp | Private Equity Fund | Delaware | $268K | 1 |
| Wave Warehouse Fund Lp | Private Equity Fund | Delaware | $135K | 7 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Enbridge Employee Services, Inc. Employees' Pension Plan Enbridge Employee Services, Inc. | 2024 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Robinson, Mark, Ivers | Manager Of Wave Equity Partners Llc | Jan 2013 (14y) | 25% – 50% | |
| Sahay, Praveen, Kant | Manager Of Wave Equity Partners Llc | Jan 2013 (14y) | 25% – 50% | |
| Crocker, Uriel, Haskell | Manager Of Wave Equity Partners Llc | Dec 2016 (10y) | 25% – 50% | |
| Wolfe, Robert, Mcwhorter | Chief Compliance Officer And Chief Financial Officer | May 2021 (5y) | Less than 5% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (15, $481M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Wave Equity Fund Ii Lp | Private Equity Fund | $183M | $5.0M | 124 |
| Wave Equity Fund Lp | Private Equity Fund | $181M | $10.0M | 53 |
| Wave Equity Fund Iii Lp | Private Equity Fund | $54.3M | $100K | 13 |
| Wave Equity Warehouse Lp | Private Equity Fund | $26.0M | $100K | 11 |
| Wave Factorial Energy I Llc | Private Equity Fund | $8.5M | $100K | 5 |
| Wave Equity Fund Ii (Nqp) Lp | Private Equity Fund | $7.4M | $25.0K | 31 |
| Wave Equity Warehouse Ii Lp | Private Equity Fund | $5.7M | $100K | 14 |
| Wave Aac Lio Co Invest Iii Llc | Private Equity Fund | $4.2M | $25.0K | 11 |
| Wave Chasm Co Invest Ii Llc | Private Equity Fund | $3.1M | $3.0M | 1 |
| Wave Chasm Co Invest I Llc | Private Equity Fund | $3.0M | $25.0K | 16 |
| Wave Aac Co Invest I Llc | Private Equity Fund | $1.7M | $25.0K | 3 |
| Wave Aac Co Invest Ii Llc | Private Equity Fund | $1.3M | $25.0K | 8 |
| Wave Equity Sc Spv Llc | Private Equity Fund | $1.2M | $2.0M | 1 |
| Wave Equity Fund A, Lp | Private Equity Fund | $268K | $2.0M | 1 |
| Wave Warehouse Fund Lp | Private Equity Fund | $135K | $25.0K | 7 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Enbridge Employee Services, Inc. Employees' Pension Plan | Enbridge Employee Services, Inc. | 5,354 | $1.1B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 4.12 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: THE U.S. SECURITIES AND EXCHANGE COMMISSION ("SEC") ALLEGED THAT REGISTRANT FAILED PROPERLY TO OFFSET MANAGEMENT FEES RELATING TO PLACEMENT AGENT FEES PAID BY A PRIVATE EQUITY FUND IT MANAGED AND FAILED ADEQUATELY TO DISCLOSE INFORMATION REGARDING THOSE MANAGEMENT FEE OFFSETS. Status: Final Sanction Detail: REGISTRANT WAS REQUIRED TO PAY A CIVIL MONEY PENALTY IN THE AMOUNT OF $325,000 AND ENTIRE AMOUNT IS LEVIED AGAINST THE REGISTRANT. WAVE REMITTED PAYMENT TO THE SEC ON SEPTEMBER 26, 2022. Summary: ON SEPTEMBER 23, 2022, PURSUANT TO AN OFFER OF SETTLEMENT SUBMITTED BY THE RESPONDENT AND ACCEPTED BY THE SEC, THE SEC FOUND, AND THE REGISTRANT NEITHER ADMITTED NOR DENIED, THAT THE REGISTRANT VIOLATED SECTIONS 206(2) AND 206(4) OF THE INVESTMENT ADVISERS ACT OF 1940 AND RULE 206(4)-8 THEREUNDER.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗