XPV Water Partners

XPV Water Partners is a private equity firm founded in 2005-2006, headquartered in Toronto, Canada, with over $1 billion in assets under management. It is a sector-specific growth investor focused exclusively on the water value chain, avoiding energy, healthcare, and general industrials. The firm is staffed by experienced water entrepreneurs, operators, and engineers, running technical and financial diligence concurrently and often stepping into interim management roles post-close to help portfolio companies scale rapidly. Its focus spans water treatment, distribution, metering, wastewater management, and water-related digital infrastructure. Notable investments include Axius Water (formed with KKR's Global Impact Fund), Environmental Dynamics International, BCR Environmental, and C&C Groundwater Services. XPV's investment approach leverages its full-time industry focus and operating-partner network to access carve-outs and family-held water companies that generalist funds often miss. Its criteria favor scalable, high-growth water businesses positioned to address water risk and generate superior, risk-adjusted returns.