Organization · Private Equity
Waterman Capital
Waterman Capital is a private market investor based in New Zealand, focusing on mid-market businesses valued between $50 million and $150 million. Established in 2004, it has a strong track record of adding value to its portfolio companies.
Overview
What Waterman Capital does
What Waterman Capital is
Waterman Capital is a private market investor based in New Zealand, focusing on mid-market businesses valued between $50 million and $150 million. Established in 2004, it has a strong track record of adding value to its portfolio companies.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Private Equity
- Founded
- Founded in 2004
- Approximate age
- About 22 years
- Structured capabilities
- Funder
- Last reviewed
- March 13, 2026
Official channels
Find Waterman Capital elsewhere
Open the official website or a supported primary organization account.
Capability profile
Waterman Capital as a funder
Investment thesis
Waterman Capital focuses on investing in mid-market businesses in New Zealand, typically valued between $50 million and $150 million, with a strong emphasis on growth potential and robust earnings profiles.
Focus narrative
Waterman Capital invests in mid-market private businesses across various industries in New Zealand. The organization seeks partnerships with business owners and families that exhibit growth potential, compelling market positioning, high-performing management teams, robust earnings profiles, and attractive business models that allow for continued investment and long-term dividend potential.
Terms and economics
- Typical check
- $50,000,000–$150,000,000
Focus and fit
- Regions
- Oceania
Availability
- Currently deploying
- Not published
Portfolio and track record
- Recorded portfolio count
- 10
Portfolio context
Notable portfolio companies include David Reid Homes, a leading builder of premium homes in New Zealand; Farro Fresh, a leading specialty grocery retailer; Fusion5, an IT services provider in New Zealand and Australia; New Zealand Clinical Research, the largest clinical research group in New Zealand; Canopy Healthcare Group, the largest North Island diagnostic provider; PBT Group, a leading multi-channel freight and logistics provider; My Food Bag, New Zealand's leading meal-kit provider; Partners Life, one of the fastest-growing life insurers; Academic Colleges Group, the largest private education provider; and Manuka Health New Zealand, the second largest exporter of manuka honey-based products.
Common questions
What to know about Waterman Capital
Upseed classifies Waterman Capital under the Private Equity organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
March 13, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.