Overview
Waterous was founded in 2017 by Adam Waterous, an investment professional who has been active
in the oil and gas market since 1991. Waterous is organized as a Delaware limited liability company,
wholly-owned by Waterous Energy Fund Management Corp., an Alberta, Canada, corporation managed by
Mr. Waterous.
Waterous provides advisory services to Waterous Energy Fund Management Corp., (“Canadian
Adviser”). The Canadian Adviser provides management and advisory services to privately offered pooled
investment vehicles (each a “Fund,” and collectively, the “Funds”). Through a sub-advisory relationship
with the Canadian Adviser, Waterous also provides sub-advisory services to the Funds. Investors in the
Funds include, but are not limited to, global investment funds, corporate entities, family offices, high net-
worth individuals and financial institutions. The advisory services provided by Waterous include advising
and investigating potential investments, advising on the merits, risks, structure and financing of the
acquisition and disposition of investments, and monitoring investments. Waterous will provide investment
management advice in accordance with the particular investment objectives, restrictions,
applicable law,
and guidelines set forth in each Fund’s constituent documents and offering memoranda (“Governing
Documents”). Capitalized terms used herein, but not defined, are defined in the Governing Documents.
Waterous does not currently participate in any wrap fee programs and does not anticipate doing so
in the future. Currently, Waterous only offers its advisory services to the Canadian Adviser and the Funds
and neither enters into nor offers investment management or advisory services to individuals or institutions
that may be investors within the Funds. In accordance with common industry practice, a Fund or its general
partner may from time to time enter into a “side letter” or similar agreement with an investor pursuant to
which the Fund or its general partner grants the investor specific rights, benefits or privileges that are not
generally made available to all investors. See “Item 8 – Methods of Analysis, Investment Strategies and Risk
of Loss” below for more details.
As of December 31, 2023, Waterous advises approximately $3,966,342,875 in regulatory assets on
a non-discretionary basis. Waterous does not currently manage any regulatory assets on a discretionary
basis.