# XPV Management

XPV Management is an Asset Manager based in El Segundo, Canada.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** El Segundo, Canada
- **Region:** North America
- **Address:** Toronto, Ontario, Canada
- **Founded:** 2001
- **Assets under management:** $800 million (per the firm's website)
- **Website:** xpv.com
- **LinkedIn:** https://www.linkedin.com/company/xpv-capital

## Regulatory record

- **CRD number:** 322445
- **SEC file number:** 801-134045
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/322445

## About

XPV Management LLC is an SEC-registered investment adviser in El Segundo, CA, registered since 2025. The firm manages approximately $194 million in assets. It has 17 employees and 14 investment advisers.

## Sectors

- Water & Wastewater
- Environmental Services
- Industrial Technology
- Infrastructure Services

## People

- Rick Moser — Managing Partner
- Mike O'Brien — Managing Partner
- David Dempsey — Managing Partner
- Tom Morley — Partner

## Questions

### Who manages XPV Management's investment decisions?

XPV is run by three managing partners: Rick Moser, Mike O'Brien, and David Dempsey. Moser co-founded the firm; O'Brien and Dempsey joined in the firm's early years. All three sit on the investment committee alongside partner Tom Morley.

### What is the relationship between XPV and Evoqua Water Technologies?

XPV was an early investor in Evoqua Water Technologies, an industrial water treatment company, and held a board seat until Evoqua's acquisition by Xylem in 2023. That investment is often cited as a signal of the firm's sector expertise.

### Does XPV invest outside North America?

Yes. While most portfolio companies are based in North America, XPV has invested in European firms and maintains relationships with water-sector companies across Europe. The firm does not disclose a separate European office.

### What types of water companies does XPV avoid?

XPV explicitly avoids early-stage venture investments and pure-play infrastructure assets such as regulated utilities. The firm focuses on growth and buyout-stage industrial and technology companies within the water value chain.

## Related profiles

- [Outwing Private Wealth Management](https://altss.com/profile/outwing-private-wealth-management)
- [J.P. Aubry Wealth Advisors](https://altss.com/profile/jp-aubry-wealth-advisors-llc)

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Last updated: 2026-06-03T20:00:00.000Z

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