Atlantic-Pacific Capital served as exclusive global placement agent
Atlantic-Pacific Capital, Inc. (“Atlantic-Pacific”), one of the largest
independently owned global placement and advisory firms focused on
alternative investments, announced the final closing of Waterous Energy
Fund, L.P. (“Fund I” or the “Fund”) at its hard cap of C$1.4 billion
(US$1.0 billion) in capital commitments, exceeding its target of C$1.0
billion (US$750 million). The Fund received strong backing from
endowment, family office, pension fund, advisory and financial
institution investors located across North America. Founded in 2017 by
Adam Waterous, Calgary-based Waterous Energy Fund (“Waterous” or “WEF”)
makes later-stage control investments in established North American oil
and gas companies with top tier assets which require recapitalization,
restructuring or repositioning to unlock value.
“Waterous represents a unique combination of experience, senior
leadership and prior success within the oil and gas sector,” commented
Raed Elkhatib, CEO and President of Atlantic-Pacific Capital. “The
firm’s recognition of changing industry dynamics, including recent
improvements in drilling technology and movement away from the growth
capital model, has enabled the team to identify a unique approach to
investing in oil and gas assets. Atlantic-Pacific congratulates the
entire Waterous team on hitting the hard cap for Fund I and wishes the
firm and its investors continued success," added Peter Larsen, Partner
of Atlantic-Pacific Capital.
Mr. Waterous, Managing Partner and CEO of WEF, further stated,
“Atlantic-Pacific provided expertise in bringing our story to the
broader marketplace and navigating the capital raising process. We are
also particularly grateful for the support from our highly respected
limited partners, and we continue to be focused on generating attractive
returns to our investors.”
About Atlantic-Pacific Capital (www.apcap.com)
Atlantic-Pacific Capital, Member FINRA and SIPC, is one of the largest
privately owned global placement and advisory firms dedicated to raising
capital for alternative investments. Since its founding in 1995, the
firm has executed more than 100 capital raising assignments aggregating
over $70 billion for an extraordinary group of alternative asset
managers. Typical mandates include private equity, real estate, real
assets, natural resources, and infrastructure fund placements.
Atlantic-Pacific uniquely provides global marketing distribution and
project management execution using a focused and customized approach.
About Waterous Energy Fund (www.waterous.com)
Waterous Energy Fund is a Calgary-based energy investment firm with
offices in Houston and New York. Founded in 2017 by Adam Waterous, the
firm is pursuing investments in the North American oil and gas sector.
WEF’s team of investment professionals has extensive experience, both
financial and technical, in the energy industry. WEF’s current portfolio
includes Strath Resources Ltd., a high-growth Kakwa Montney condensate
producer in Alberta, and Cona Resources Ltd., a long-life, low-decline,
high free cash flow heavy oil producer in Saskatchewan.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180702005970/en/
Copyright Business Wire 2018
Source: Business Wire
(July 2, 2018 - 4:16 PM EDT)
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