# Bluewater: portfolio, investments and team

> Bluewater is a private equity based in United Kingdom. 1 investment on record, latest Dec 2018. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/bluewater (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Investor](https://millionrounds.com/investors)

# Bluewater

Filed with the SEC to raise a fund in Feb 2026, closing $5M. Last cheque observed Dec 2018.

Quiet New fund $4.5M, Feb 2026 Private equity

Growth Buyout Energy Critical Components Manufacturing

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 1 on record

Since the last cheque **2861** days **00** hrs **00** min **00** sec

Median round **$15M** Rounds led **0 of 1** Sole investor **1 rounds**

Pitch Bluewater

## Bluewater highlights

- 01 1 rounds on record
- 02 Mostly Series B: 100% of its rounds
- 03 Sole investor in 1 rounds, median $15M

## What they do

> A specialist private equity firm that provides buy-out & growth capital as well as strategic support to companies that operate across the supply chain of global energy. From their own website

- **Type:** Private equity
- **Cheque size:** Not stated
- **Stages:** Growth Buyout
- **Sectors:** Energy Critical Components Manufacturing
- **Based in:** London, United Kingdom
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **1 appearances**

- **2018** 1 round
- **Dec** **[FloWater](https://millionrounds.com/company/flowater)** Series B · US · FinSMEs **$15M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **24 named**

AL **Angelo Lombardo** Executive Officer i Filing they signed

BA **Ben Addink** Executive Officer i Filing they signed

BA **Benjamin Addink** Executive Officer i Filing they signed

BH **Benjamin H. Griswold** Executive Officer, Promoter i Filing they signed

CC **Chip Cummings** Director i Filing they signed

DA **Dave Allen** President of Marathon Investments, Inc, the Issuer's manager i Filing they signed

DS **Diego S. Ayala** Chief Financial Officer. i Filing they signed

DF **Don Foy** Executive Officer i Filing they signed

GS **Graeme Sword** Partner i Form ADV

JF **James Friedman** Executive Officer, Promoter i Filing they signed

JT **Jason T. Fitzgerald** Director i Filing they signed

JM **Jerker M Johansson** Partner i Form ADV

JK **John K Hunter** Director i Filing they signed

JL **John L. Norin** Managing Director of Theta Advisors, LLC i Filing they signed

JA **Jonathan A Calure** Director i Filing they signed

KA **Kenneth A. Brown** Managing Director of Theta Advisors, LLC i Filing they signed

LA **Louise Ann Pilgrim** Chief Financial Officer and Chief Compliance Officer i Form ADV

MR **Marcellus R Rochelle** Director i Filing they signed

MT **Maria T. Gutierrez** Managing Director of Theta Advisors, LLC i Filing they signed

NT **Nathaniel T. Cornell** Managing Member of the General Partner of the General Partner i Filing they signed

PT **Philip T. Rice** Member i Filing they signed

RE **Ryan E. Morris** Managing Director. i Filing they signed

TJ **Thomas Joseph Sikorski** Partner i Form ADV

WT **Wendy T. Beer** Director i Filing they signed

We also hold **28** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$2.1B** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** BLUE Water Energy LLP
- **SEC number:** CRD 291382

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 8 we have independently watched raise

Crcevans Edgelng Foxinnovation Galileoar Global-energy-storage Imserv Jernbro Varel

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Companies it bought

Acquisitions by the firm itself

**Riverock Technologies** **Undisclosed** Jan 2011

New fund on file

**$4.5M**

raised in Feb 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Growth Buyout

Median round joined **$15M** the round, not its cheque Alone, median **$15M**

Led 0 of 1 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Dec 2018

Rounds by stage said on their site

- Series B *1*
- Growth said *-*
- Buyout said *-*

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## Recently backed

The latest companies Bluewater put money into.

[**FloWater** $15M · Dec 2018](https://millionrounds.com/company/flowater)

## Quick answers about Bluewater

### What does Bluewater invest in?

Bluewater invests most often at Series B (100% of the rounds on record), in sectors such as Energy, Critical Components and Manufacturing.

### How active is Bluewater?

1 investments on record, 0 of them in the last 12 months. The most recent was in Dec 2018.

### What has Bluewater invested in recently?

Its most recent investments on record: FloWater (Series B, Dec 2018).

### How big are Bluewater's cheques?

The median round it joins is $15M.

### Is Bluewater investing now?

No investments in the last 12 months; the latest was in Dec 2018.

### What kind of investor is Bluewater?

Bluewater is a private equity firm based in London, United Kingdom.

### How much does Bluewater manage?

About $2.1B, as gross assets of its private funds (Oct 2026).

### Has Bluewater raised a new fund?

Its latest fund filing with the SEC was in Feb 2026, reporting $4.5M raised.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=bluewater) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=bluewater)
