Water Asset Management

Water Asset Management

Water Asset Management, LLC formed in 2007 in Prescott Valley, Arizona, and opened for business early the following year. The firm’s launch centered on a municipally sanctioned water auction that Global Water Intelligence shortlisted for Water Deal of the Year in March 2008 and awarded the runner-up designation in April 2008. The firm operates as a physical-water intermediary, holding and transferring actual acre-feet rather than investing in water-related equities, infrastructure operators, or credit instruments. In December 2007 it closed a 200 acre-feet transaction with Crowley Companies, which intended to deploy the water for development in the Prescott Valley area. By February 2008 the firm reported 903 acre-feet available for purchase. The model is geographically narrow — all documented activity involves Prescott Valley — and the firm markets the transaction process explicitly as a simplified access point for local water buyers. The firm references affiliated Reservoir Funds vehicles in its 2008 disclaimer, though no subsequent fund closings, partner names, or additional office locations appear in the available public record. WAM’s structure departs from standard water-sector fund managers by holding the commodity directly in a municipal transfer framework, with no disclosed external LP vehicle, public co-investor, or secondary-market activity. The firm appears to function as a contracted intermediary within a single municipality’s water-allocation system rather than as a pooled investment manager.