MB  Northwater Capital


     Office Locations:

233 South Wacker Drive, Suite 9800
Chicago, IL 60606
Phone: 312-291-3550

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  • Early



  • Energy & Clean Tech
  • Financial Services



    Founded in 1989, Northwater is a private investment company with offices in Toronto and Chicago. Northwater provides asset management services and innovative financial solutions to institutional investors. The firm manages diversified portfolios for pension funds, endowments, and family offices. Northwater offers clients an actively managed, portfolio management platform called 'four quadrants' designed to generate returns and protect principal across a spectrum of economic conditions. Northwater also invests proprietary and client capital in intellectual property based investments, green energy endeavors and proprietary trading. Intellectual property investments typically have compounding business models with elements of licensing, royalties, and/or subscriptions to achieve scale. The fund is diversified across industry sectors, geographies and the capital structure. The fund's objective is to combine leading intellectual property, compounding business or cash flow models and world-class management to generate exits and excess returns. Green energy investments are not limited to specific part of capital structure; Northwater offers equity investment, project financing, and debt to innovative green energy products.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Dan Mills Managing Director & Vice Chair
    David Patterson Chair and CEO
    Frances Kordyback Managing Director
    Jonathan Piurko Managing Director and Chief Legal Officer
    Neil Simons Portfolio Strategies


    Portfolio companies include:

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      Batman Live
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      China Risk Finance
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      Cool Flame Technologies
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      General Compression
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      Noble Biomaterials
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      OneChip Phototonics
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      R3 Fusion
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      RedWave Energy
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      SeaWell Networks
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      Theatrical Rights
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      Unique Solutions Design
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      VanDyne SuperTurbo
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      Versus Financial
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