Private fund adviser · Kansas City, MO
Waterequity LLC
SEC-registered investment adviser · CRD 281955 · SEC 801-121365
At a glance
Waterequity LLC is an SEC-registered investment adviser based in Kansas City, Missouri, with $450 million in regulatory assets under management as of its Form ADV filed July 8, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 3,158th of 4,686 private fund advisers and 8,265th of 17,210 SEC-registered advisers by assets.
Main office 816-800-8100waterequity.comAs filed on Form ADV
- Regulatory AUM
- $450M
- Rank among private fund advisers
- #3,158 of 4,686
- Rank among all SEC RIAs
- #8,265 of 17,210
- Rank in Missouri
- #104 of 196
- Clients
- 6
- Accounts
- 6
- Discretionary
- 100% of AUM
- Employees
- 44
- Advisory staff
- 27
- Offices
- 1
Owners and executives on its Form ADV
- Gary J. WhiteCo-Founder of the Registrant and Chief Executive Officer of the Sole Member
- Paul G. O'ConnellManager; President and Chief Executive Officer
- Elan D. EmanuelManager; Managing Director and Chief Investor Relations Officer
- Marie M. MilliganSVP, Chief Compliance Officer
- Lauren E. ZacchiManager; Managing Director and Chief Strategy Officer
- Aleem RemtulaManager; Managing Director, Private Equity and Infrastructure Investments
- William G. JacobsenManager; Principal, Investor Relations
- Casey R. PessettoManager; SVP, Fund Accounting and Administration
Custody and brokerage
Custodian
Waterequity LLC’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 6 | $450M | 100% |
Private funds
Waterequity LLC reports 5 private funds with $356M in gross assets: private equity funds (Form ADV Item 7.B).
Disciplinary disclosures
Waterequity LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
How it’s paid
- A percentage of assets under management
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗waterequity.com ↗
AtlasMembers
The full record on Waterequity LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 4 years of filings
- Locked
- Growth over one, three and five years
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- Rank against 2,260 peers of its type and size
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- Owners and executives, with titles and stakes
- 8 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 4Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Waterequity LLC manage?
Waterequity LLC reports $450 million in regulatory assets under management across 6 accounts, 100% of it on a discretionary basis, on its Form ADV filed July 8, 2026.
What kind of firm is Waterequity LLC?
Waterequity LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Waterequity LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($450 million, 6 clients).
Does Waterequity LLC manage private funds?
Yes. It reports 5 private funds with $356 million in gross assets, including private equity funds.
Does Waterequity LLC have any disciplinary history?
Waterequity LLC reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Waterequity LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-08), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →