DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / XPV Water Partners Inc.
XPV Water Partners Inc.
XPV Water Partners is a leading investment firm focused on high growth water, related waste and environmental businesses globally.
venture manager, reported GAV $879M across 4 vehicles
Importance
35
elevated
Active deployment
25
moderate
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
13
low
Identity and regulatory footprint
- Headquarters
- Toronto, Canadaadviserinfo.sec.gov
- Office address
- 26 WELLINGTON STREET EAST, SUITE 203, Toronto, M5E 1S2adviserinfo.sec.gov
- Business phone
- 416-945-0111adviserinfo.sec.gov
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- private fund adviseradviserinfo.sec.gov
- Latest Form ADV
- Mar 28, 2024
- Private funds reported
- 4 (1 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $879Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- 2234581 Ontario Inc. (Shareholder), C; 2234580 Ontario Inc. (Shareholder), C; 2234582 Ontario Inc. (Shareholder), C
- business phone
- 416-945-0111adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
- Sectors
- medtech, climate, data infrastructure
- Stages
- not stated or not yet read
- Geography
- canada, global, north america
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
4 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| XPV Water Extended Value Fund LP | Fund · ADV: Private Equity Fund | 2023 adv first reported | Active deployment | $408M Mar 28, 2024 | 25 | $0 | Sep 30, 2022 |
| XPV Water Fund III Limited Partnership | Fund · ADV: Private Equity Fund | 2023 form d first sale | Active deployment | $192M Mar 28, 2024 | 30 | $294M of $350M | Dec 10, 2024 |
| XPV Water Fund II Limited Partnership | Fund · ADV: Private Equity Fund | 2013 form d first sale | Harvest | $245M Mar 28, 2024 | 31 | $215M of $225M | Jan 17, 2014 |
| XPV Water (US) Limited Partnership | Fund | 2010 form d first sale | Harvest | $33.3M Mar 28, 2024 | 18 | $79.2M of $79.2M | Feb 25, 2011 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
34 current, 1 departed
Jerome Glowacki
AnalystSenior Investment Analyst
Alexander George
AssociateInvestment Associate
Shiv Jani
AssociatePortfolio Performance Associate
Bruce Lounsbury
Board or advisoryAdvisor
Debra Coy
Board or advisoryAdvisor
George Hawkins
Board or advisoryAdvisor
Mark Comiso
Board or advisoryAdvisor
Michael Naylor
Board or advisoryAdvisor
David Henderson
Managing partnerManaging Partner
John Coburn
Operating partnerOperating Partner
Eric Stacey
OtherExecutive-in-Residence
David Kenneth Henderson
PartnerShareholder · since Feb 1, 2010
Elaine Stewart
PartnerExecutive Business Partner
John Alan Coburn
PartnerShareholder · since Feb 1, 2010
Khalil Maalouf
PartnerInvestment Partner
Khalil Maalouf
PartnerShareholder · since Feb 1, 2010
Sam Saintonge
PartnerInvestment Partner
Spencer Timm
PartnerPartner Emeritus
Adam Hamovitch
Platform and operationsTalent Principal
Ajiein Namasivayam
Platform and operationsFund Controller
Jessie Liang
Platform and operationsFund Controller
Kaizeen Irani
Platform and operationsSenior Talent Analyst
Kerry Freek
Platform and operationsDirector, Marketing and Communications
Kopal Maheshwari-Mulay
Platform and operationsFinance Associate
Nicole Almond
Platform and operationsChief Operating Officer
Roma Moon
Platform and operationsExecutive Assistant
Sean Connor
Platform and operationsCfo · since Apr 1, 2021
Sean Connor
Platform and operationsChief Financial Officer
Simona Dordea
Platform and operationsCorporate Controller
Renata Cardoso
PrincipalDirector, Sustainability
Tom Howell
PrincipalInvestment Principal
Tyler Van Schoonhoven
PrincipalPortfolio Performance Principal
Adam Bates
Vice presidentInvestment Vice President
Tehsin Ladha
Vice presidentInvestment Vice President
1 departed (kept with end dates)
- David Henderson · Managing Partner · ? to Sep 16, 2026 Inference
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
7 dated events
- Sep 16, 2026David Henderson (Managing Partner) no longer on the team page of XPV Water Partners Inc.Person leftPeopleInferenceDavid HendersonVenture organization websites (about, team, portfolio, thesis, news pages)
- Mar 28, 2024XPV Water Fund III Limited Partnership first reported on Form ADV by XPV Water Partners Inc. (Private Equity Fund), GAV $192,454,846Fund first reported on Form ADVFundsFactXPV Water Fund III Limited PartnershipSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2023XPV Water Extended Value Fund LP first reported on Form ADV by XPV Water Partners Inc. (Private Equity Fund), GAV $364,936,138Fund first reported on Form ADVFundsFactXPV Water Extended Value Fund LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 1, 2021Sean Connor joined Schedule A of XPV Water Partners Inc. as Cfo
- Apr 1, 2014XPV Water Fund II Limited Partnership first reported on Form ADV by XPV Capital Corporation (Venture Capital Fund), GAV $215,737,000Fund first reported on Form ADVFundsFactXPV Water Fund II Limited PartnershipSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 12, 2012XPV Capital Corporation first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Oct 12, 2012XPV Water (US) Limited Partnership first reported on Form ADV by XPV Capital Corporation (Venture Capital Fund), GAV $35,099,680Fund first reported on Form ADVFundsFactXPV Water (US) Limited PartnershipSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Institutional venture firm (probable, 80%, cls-1)venture manager, reported GAV $879M across 4 vehicles
Evidence
42 observations from 2 sources