· Bluewater finalised its partnership reconfiguration and formally launched fundraising for BWE Fund III.
· “Having founded Bluewater in 2011, I am pleased to announce these changes which will position Bluewater for the next phase of our growth journey” said, Tom Sikorski, Founding Partner at Bluewater.
__________________________________________________________________________
London, May 8th, 2025 – Bluewater announced the successful completion of its strategic reconfiguration and the official launch of fundraising for BWE Fund III during its 2025 Annual Limited Partner Meeting held this week.
The firm enters its next phase of growth with a strengthened leadership team, a maturing portfolio, and a robust pipeline of energy transition and industrial supply chain opportunities.
“Having founded Bluewater in 2011, pleased to announce these changes which will position Bluewater for the next phase of our growth journey” said Tom Sikorski, Founding Partner at Bluewater. “The energy market is in a strong position and our unique investment strategy is well placed to capitalise on global investment opportunities”
The partnership changes represent a significant milestone in Bluewater’s evolution. Tom Sikorski and long-time advisor John Kennedy made new investments in the firm, with Kennedy joining the Office of the Chair and chairing the Investment Committee for BWE Fund III. Jerker Johansson also joined the Office of the Chair and continues to lead the Fund I and II Investment Committees, ensuring continuity.
Team expansion has been a key focus for Bluewater. The leadership team was further strengthened with the promotion of Martin Somerville and Salil Oberoi to partners in the deal team as well as Louise Pilgrim who continues as Chief Financial Officer, reinforcing the firm’s deep internal bench. In addition, Maral Sivzattian joined as Managing Director in January 2025, with three more investment professionals arriving in May. Frazer Blyth completes the senior team as Head of Investor Relations and Marketing.
Bluewater also formalised the roles of Christoph Bausch and Kenny Murdoch as operating partners and added three existing portfolio chairmen, Vince Volpe, Jim Nixon, and Ian Peters to a broader advisory role supporting sourcing and execution.
With these organisational and strategic foundations now in place, Bluewater officially launched the fundraising process for BWE Fund III. Significant interest has already been recorded, including from several current LPs and two cornerstone investors for the fund. These commitments validate the team’s track record and the fund’s continued focus on the industrial supply chain across all forms of energy.
“As the energy landscape continues to evolve, we see compelling opportunities to back businesses enabling transformation,” added Sikorski. “We’re grateful for the continued support from our partners and excited to begin deploying capital from BWE Fund III.”
Bluewater believes the momentum created by its governance changes, deepening team, and strong pipeline puts it in an excellent position to deliver strong returns through its current and future funds. With the formal launch of BWE Fund III, the firm looks forward to building on its track record and capitalising on the rapidly evolving global energy sector.