Waterous Energy Fund Management (Us), Llc
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 290952
· SEC file 801-112304
· Houston, TX
· WWW.WATEROUS.COM
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ADV data as of Mar 29, 2026
- Regulatory AUM
- $4.0B
- Discretionary
- $0
- Clients
- 12
- Avg AUM / client
- $334M
- Accounts
- 12
- Employees
- 2
AUM over time
$489M
$5.7B
Dec 2017
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 29, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 12 | $4.0B | 100.0% |
Private funds (15)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $4.0B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Waterous Energy Fund (International) Lp | Private Equity Fund | Canada | $803M | 5 |
| Waterous Energy Fund (Us) Lp | Private Equity Fund | Canada | $781M | 28 |
| Waterous Energy Fund Iii (International Fi) Lp | Private Equity Fund | Canada | $733M | 17 |
| Waterous Energy Fund (Canadian) Lp | Private Equity Fund | Canada | $377M | 13 |
| Waterous Energy Fund Co Investment (International) Lp | Private Equity Fund | Canada | $215M | 12 |
| Wef Osum Co Invest I Lp | Private Equity Fund | Canada | $183M | 7 |
| Waterous Energy Fund Co Investment (Canadian) Lp | Private Equity Fund | Canada | $174M | 6 |
| Waterous Energy Fund Ii (Canadian) Lp | Private Equity Fund | Canada | $157M | 19 |
| Wef Osum Co Invest Ii Lp | Private Equity Fund | Canada | $154M | 6 |
| Waterous Energy Fund Ii (Us) Lp | Private Equity Fund | Canada | $126M | 22 |
| Wef Osum Co Invest Iii Lp | Private Equity Fund | Canada | $115M | 6 |
| Waterous Energy Fund Ii (International) Lp | Private Equity Fund | Canada | $66.0M | 4 |
| Waterous Energy Fund Iii (Canadian Fi) Lp | Private Equity Fund | Canada | $52.4M | 6 |
| Waterous Energy Fund Iii (Us) Lp | Private Equity Fund | Canada | $15.3M | 8 |
| Waterous Energy Fund Iii (Canadian) Lp | Private Equity Fund | Canada | $12.7M | 9 |
People (4)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Waterous, Adam, Richard | Shareholder | Feb 2016 (11y) | ≈ 28.13% – 75% via Liricon Capital Ltd. | |
| Waterous, Janet, Katherine | Shareholder | Feb 2016 (11y) | ≈ 28.13% – 75% via Liricon Capital Ltd. | |
| David Lawrence Roosth | Chief Compliance Officer | Apr 2018 (8y) | Less than 5% | |
| Michael Edward Buckingham | Registered representative | Mar 2018 (8y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Waterous Energy Fund Management Corp. | Sole Member | Oct 2017 | A | 75% or more |
| Liricon Capital Ltd. | Shareholder | Dec 2016 | B | ≈ 56.25% – 100% via Waterous Energy Fund Management Corp. |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Waterous, Adam, Richard: 50% – 75% of Liricon Capital Ltd. × 75% – 100% of Waterous Energy Fund Management Corp. × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Waterous, Janet, Katherine: 50% – 75% of Liricon Capital Ltd. × 75% – 100% of Waterous Energy Fund Management Corp. × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Liricon Capital Ltd.: 75% – 100% of Waterous Energy Fund Management Corp. × 75% – 100% direct ≈ 56.25% – 100% of the firm
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, $4.0B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Waterous Energy Fund (International) Lp | Private Equity Fund | $803M | $10.0M | 5 |
| Waterous Energy Fund (Us) Lp | Private Equity Fund | $781M | $10.0M | 28 |
| Waterous Energy Fund Iii (International Fi) Lp | Private Equity Fund | $733M | $10.0M | 17 |
| Waterous Energy Fund (Canadian) Lp | Private Equity Fund | $377M | $10.0M | 13 |
| Waterous Energy Fund Co Investment (International) Lp | Private Equity Fund | $215M | $10.0M | 12 |
| Wef Osum Co Invest I Lp | Private Equity Fund | $183M | $10.0M | 7 |
| Waterous Energy Fund Co Investment (Canadian) Lp | Private Equity Fund | $174M | $10.0M | 6 |
| Waterous Energy Fund Ii (Canadian) Lp | Private Equity Fund | $157M | $10.0M | 19 |
| Wef Osum Co Invest Ii Lp | Private Equity Fund | $154M | $10.0M | 6 |
| Waterous Energy Fund Ii (Us) Lp | Private Equity Fund | $126M | $10.0M | 22 |
| Wef Osum Co Invest Iii Lp | Private Equity Fund | $115M | $10.0M | 6 |
| Waterous Energy Fund Ii (International) Lp | Private Equity Fund | $66.0M | $10.0M | 4 |
| Waterous Energy Fund Iii (Canadian Fi) Lp | Private Equity Fund | $52.4M | $10.0M | 6 |
| Waterous Energy Fund Iii (Us) Lp | Private Equity Fund | $15.3M | $10.0M | 8 |
| Waterous Energy Fund Iii (Canadian) Lp | Private Equity Fund | $12.7M | $10.0M | 9 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/29/2026 | 4.7 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Performance-based fees
- • Other fees
- • REIMBURSEMENT OF EXPENSES
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 29, 2026.
View current Form ADV (SEC/IAPD) ↗