PartnerFacts
Data last updated: Oct 23, 2026, 5:45 PM ETLatest filing: Oct 22, 2026Now: Oct 24, 2026, 9:43 AM ET

Sponsor Check › Sponsor group

W

Watershed

One sponsor team, 8 deal companies · San Francisco, CA

Grouped because: 9 shared people, 3 shared management entities, same business address (5 issuers), similar issuer names (8) (automatic match from the filings) · not the same sponsor?

8deal companies
$2.94Breported sold
181investors
45Form D filings
2009–2015active
0new, last 12 mo

Data last updated Oct 23, 2026, 5:45 PM ET · Latest filing in this group Mar 5, 2015 · Courts (RECAP) last checked: Oct 24, 2026, 2:16 AM ET · SEC enforcement last checked: covered by the index scan as of Oct 24, 2026, 2:50 AM ET

The short version

Watershed is a sponsor group of 8 issuers that PartnerFacts links to one sponsor (shared people, shared management entity, same business address, similar issuer names, shared principal (person on 60+ issuers) at the same address or management entity; automatic match from the filings), filing 45 Form D filings between Mar 2009 and Mar 2015.

What this means One team, 8 deal companies, about 6 years of track record in SEC filings. We link the companies because the same people or address appear on their forms — tap "Request a correction" if that is wrong.

Combined reported sold: $2.94B to 181 investors (latest filing per issuer). Industries as reported: Pooled Investment Fund (8). Issuers are based in CA (5), Cayman Islands (as filed: E9) (3).

What this means $2.94B raised across the group, about $16.3M per investor. Amounts come from each company's latest Form D; they are what the sponsor reported, not audited figures.

Principal people: Matthew W. De Dominicis (8 issuers, executive officer), Meridee A. Moore (8 issuers, executive officer and director), Michele F. Kyrouz (8 issuers, executive officer), Qazi Munir Alam (7 issuers, executive officer), Erin C. Ross (6 issuers, executive officer) and 9 more.

What this means The person on the most companies is usually the one running the show; their page lists every deal.

Activity: 0 new offerings in the last 12 months; latest filing Mar 5, 2015.

What this means No new raise filed in the past year.

Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AK, AL, AR, AZ, CA, CO, CT, DC, DE, FINRA, FL, GA, HI, ID, IL, KS, KY, LA, MA, MD, ME, MI, MO, MS, MT, NASAA, NC, ND, NH, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, WA, WI, WV, WY), property records (NYC, FL, IL and TX counties) — 3 court cases matching the name, 1 bankruptcy case matching the name listed in Key records below.

What this means 4 records came back. Each one is listed below with a link to the original document and a line saying why it matched. A name match is not proof it is the same person or company — read the why line and the document. Being sued or named in a release is an accusation, not a finding.

We compared 45 public filings for Watershed and found 28 differences, 6 worth asking the sponsor about: Amount sold went down between filings; Investor count went down between filings; and more below.

What this means These are differences between the sponsor's own SEC filings — both values, dates and sources are listed in Key records, section 4. Most have ordinary explanations; ask the sponsor.

What the community is saying

Community search for Watershed has not run yet — it is joining a line of 39,311 names; searches run around the clock at the hosts' allowed rate. Searched so far: 641 names.

Community comments are quoted as written by their authors. Sources searched: Bing (site:reddit.com / site:biggerpockets.com) and Reddit's own search, plus DuckDuckGo/Brave/BiggerPockets search when they are answering.

Key records

Five things investors ask first. Items still in human review are counted, not shown.

1. Lawsuits

3 cases: 1 closed (disposition not in docket feed), 2 dismissed

Blachowicz v. Watershed, LLC closed matched at sponsor-group level (Watershed)
District Court, W.D. New York · No. 1:21-cv-01152 · Filed Oct 25, 2021 · Closed Feb 11, 2022
Role of Watershed, LLC: Defendant · Outcome: Terminated 2022-02-11 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗
exact company name; name has one distinctive word; court in NY (not the issuer's state)
Watershed, LLC v. Roper dismissed matched at sponsor-group level (Watershed)
District Court, E.D. Virginia · No. 3:11-cv-00824 · Filed Dec 9, 2011 · Closed Jul 20, 2012 · Nature of suit: 850 Securities, Commodities, Exchange
Role of Watershed, LLC: Plaintiff · Outcome: Terminated 2012-07-20 — FJC Integrated Database disposition: Dismissed: settled Docket on CourtListener ↗
exact company name; name has one distinctive word; court in VA (not the issuer's state)
Barclays American v. Watershed Limited dismissed matched at sponsor-group level (Watershed)
District Court, W.D. North Carolina · No. 3:91-cv-00181 · Filed Jun 17, 1991 · Closed Mar 2, 1992 · Nature of suit: 422 Bankruptcy appeals rule 28 USC 158
Role of Watershed Limited: Defendant · Outcome: Terminated 1992-03-02 — FJC Integrated Database disposition: Dismissed: other Docket on CourtListener ↗
exact company name; name has one distinctive word; court in NC (not the issuer's state); filed 1991, issuer incorporated 2013
What was searched

Sources searched: CourtListener bulk data (RECAP dockets as of 2026-09-30; recall-first rule 10-24) — federal district + bankruptcy courts State courts: not covered (one-tap state court links under Look further). PACER: not searched. · Last checked Oct 24, 2026, 2:16 AM ET.

Court records show docket facts only; we never restate allegations as facts. Outcome wording comes from the docket feed; where it does not state a disposition we say so.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

2. Regulatory actions

None found in sources searched — SEC enforcement releases (index scan as of Oct 24, 2026, 2:50 AM ET) · state securities regulators: 48 regulators (FINRA, NASAA, 37 states) — crawled Oct 24, 2026, 8:48 AM ET

What was searched

SEC enforcement searched: SEC litigation releases and administrative proceedings — respondent names in the sec.gov index titles (30,205 releases, 1995-09-19 to 2026-10-23); release text is read only to confirm a candidate. Names that appear only in the body of a release are not found. — Searched SEC litigation releases and administrative proceedings (1995→ / 2007→) (30,205 records as of Oct 24, 2026, 2:50 AM ET) — nothing matched Watershed..

State securities regulators: Securities regulators searched (64,910 actions): FINRA (38,350 actions, 1995–2026), NASAA (31 actions, 2000–2026; listing starts 1997), AK Division of Banking and Securities (273 actions, 1971–2025), AL Securities Commission (880 actions, 2001–2026), AR Securities Department (1,305 actions, 1998–2026), AZ Corporation Commission Securities Division (411 actions, 2017–2026), CA DFPI (25 actions, 2007–2024; listing starts 2002 — 16 of 12,159 DFPI respondent pages read so far; sponsor-name matches are read first), CO Division of Securities (731 actions, 2001–2026; older years from the Internet Archive (snapshot of 2026-05-02)), CT Department of Banking Securities Division (940 actions, 2006–2026; older years from the Internet Archive (snapshot of 2026-04-22)), DC DISB Securities Bureau (25 actions, 2012–2026), DE DOJ Investor Protection Unit (257 actions, 1987–2026), FL Office of Financial Regulation (49 actions, 2018–2026), GA Secretary of State Securities Division (65 actions, 2015–2026; listing starts 2012), HI DCCA Securities Enforcement Branch (26 actions, 2012–2026), ID Department of Finance Securities Bureau (663 actions, 1994–2026), IL Secretary of State Securities Department (4,122 actions, 2003–2023), KS Insurance Department Securities Division (58 actions), KY Department of Financial Institutions (342 actions, 2005–2026), LA Office of Financial Institutions Securities Division (13 actions, 2010–2025; listing starts 2008), MA Secretary of the Commonwealth Securities Division (125 actions, 2012–2025; live site blocks automated access — loaded from the Internet Archive snapshot of 2026-02-04), MD Attorney General Securities Division (1,054 actions, 2004–2026), ME Office of Securities (539 actions, 2000–2026), MI LARA Corporations, Securities & Commercial Licensing Bureau (201 actions), MO Secretary of State Securities Division (919 actions, 1998–2026), MS Secretary of State Securities Division (209 actions, 1995–2026), MT Commissioner of Securities and Insurance (597 actions, 2000–2026), NC Secretary of State Securities Division (265 actions, 2004–2024), ND Securities Department (711 actions, 1990–2026; the regulator no longer publishes this list live — loaded from the Internet Archive snapshot of 2026-01-06), NH Bureau of Securities Regulation (402 actions, 2002–2026), NM Regulation and Licensing Department Securities Division (90 actions, 2010–2025), NV Secretary of State Securities Division (118 actions, 2018–2026), NY Attorney General Investor Protection Bureau (44 actions, 2012–2026), OH Division of Securities (327 actions, 1993–2006), OK Department of Securities (2,531 actions, 1998–2026), OR Division of Financial Regulation (589 actions, 1988–2026), PA Department of Banking and Securities (1,448 actions, 2008–2024; the regulator no longer publishes this list live — loaded from the Internet Archive snapshot of 2024-08-09), RI DBR Securities Division (98 actions, 2005–2025), SC Attorney General Securities Division (540 actions, 2006–2026), SD Division of Insurance – Securities Regulation (106 actions, 2017–2026), TN Department of Commerce and Insurance Securities Division (405 actions, 1992–2026), TX State Securities Board (936 actions, 1999–2026), UT Division of Securities (772 actions, 2000–2026; older years from the Internet Archive (snapshot of 2010-05-27)), VT DFR Securities Division (137 actions, 2010–2026), WA DFI (2,039 actions, 2001–2026), WI DFI Division of Securities (1,072 actions, 1998–2026), WV Securities Commission (State Auditor) (64 actions), WY Secretary of State Compliance Division (6 actions, 2016–2024) — last crawled Oct 24, 2026, 8:48 AM ET. No machine-readable public listing today for IA, IN, MN, NE, NJ, VA (see docs/state-regulators.md).

3. Bankruptcies

1 case: 1 closed (disposition not in docket feed)

The Watershed, Inc. closed matched at sponsor-group level (Watershed)
United States Bankruptcy Court, D. Kansas · No. 03-41034 · Filed Apr 16, 2003 · Closed Sep 5, 2003
Role of The Watershed, Inc.: Debtor · Outcome: Case closed 2003-09-05 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗
exact company name; name has one distinctive word; court in KS (not the issuer's state); filed 2003, issuer incorporated 2013
What was searched

Sources searched: Federal bankruptcy courts via CourtListener / RECAP archive (federal district courts, federal bankruptcy courts). State courts: not covered (one-tap state court links under Look further). PACER: not searched (RECAP only). · Last checked Oct 24, 2026, 2:16 AM ET.

Court records show docket facts only; we never restate allegations as facts. Outcome wording comes from the docket feed; where it does not state a disposition we say so.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

4. Differences between public sources

No comparisons published

What is compared

No public statement by this sponsor group has been collected yet, so there is nothing to compare. Sources compared: the sponsor's own website (known from the issuer's own filings — Form C issuer website, EDGAR company profile — an approved profile claim or Form ADV Item 1.I of its matched adviser) · SEC Form D · SEC Form ADV (IAPD) · Internet Archive · No website is on file for this sponsor group yet.

28 differences found between the filings for Watershed — 6 worth asking about (compared 45 filings on Oct 24, 2026)

Worth asking · Mar 12, 2010 – Mar 10, 2011

Amount sold went down between filings — Watershed Capital Partners, L.P.

The Mar 12, 2010 filing says $518,425,906 sold; the Mar 10, 2011 Form D/A says $483,007,057 sold — $35,418,849 less.

What this means Amounts sold normally only go up as a raise continues. A drop can mean investors were refunded, a figure was corrected, or an earlier number was wrong. Ask the sponsor which it was.

Sources
Worth asking · Jan 22, 2010 – Mar 7, 2011

Amount sold went down between filings — Watershed Capital Partners (Offshore), Ltd.

The Jan 22, 2010 filing says $629,375,035 sold; the Mar 7, 2011 Form D/A says $608,428,583 sold — $20,946,452 less.

What this means Amounts sold normally only go up as a raise continues. A drop can mean investors were refunded, a figure was corrected, or an earlier number was wrong. Ask the sponsor which it was.

Sources
Worth asking · Mar 10, 2011 – Mar 12, 2012

Investor count went down between filings — Watershed Capital Institutional Partners, L.P.

The Mar 10, 2011 filing reports 62 investors; the Mar 12, 2012 Form D/A reports 61 investors.

What this means Investor counts normally only grow. A smaller number can mean investors left or were refunded, or a count was corrected. Ask the sponsor what happened.

Sources
Worth asking · Mar 5, 2015

137 other issuers file from the same address — 5 member issuers (Watershed Capital Partners, L.P.; Watershed Capital Institutional Partners, L.P.; Watershed Capital Partners II, L.P.; …)

The address on file, One Maritime Plaza, Suite 1525, San Francisco, CA, is used by 142 issuers in our index across 19 sponsor groups; 137 are outside this group. It is not on our registered-agent list, so it may be a shared office or administrator.

What this means Many unrelated companies file from this address. Often a registered agent or a fund administrator; sometimes a shared office. Ask where the team actually works.

Sources
Note · Mar 5, 2015

22 other issuers file from the same address — 3 member issuers (Watershed Capital Partners (Offshore), Ltd.; Watershed Capital Partners (Offshore) Master Fund II, L.P.; Watershed Capital Partners X (Offshore), Ltd.)

The address on file, Intertrust Corp. Services (Cayman) Ltd, 190 Elgin Avenue, George Town, Grand Cayman, Cayman Islands (as filed: E9), is used by 25 issuers in our index across 20 sponsor groups; 22 are outside this group. It is on our registered-agent / shared-office list (registered agent / corporate services / fund administrator).

What this means Many unrelated companies file from this address. Often a registered agent or a fund administrator; sometimes a shared office. Ask where the team actually works.

Sources
Worth asking · Nov 3, 2009 – Feb 4, 2010

Form D filed 93 days after the first sale — Watershed Capital Partners (Offshore) Master Fund II, L.P.

The filing says the first sale was Nov 3, 2009. The Form D was filed Feb 4, 2010 — 93 days later. The rule: a Form D is generally due within 15 days after the first sale, so this one is 78 days past that.

What this means A late notice is common and carries no penalty by itself. It is worth asking the sponsor why the paperwork lagged.

Sources
Note · May 1, 2002 – Mar 5, 2015

8 offerings have no amendment in the last 12 months and may still be open

No amendment in the last 12 months on an offering that may still be open — Watershed Capital Partners X (Offshore), Ltd. (latest filing Mar 5, 2015) · No amendment in the last 12 months on an offering that may still be open — Watershed Capital Institutional Partners III, L.P. (latest filing Mar 5, 2015) · No amendment in the last 12 months on an offering that may still be open — Watershed Capital Partners (Offshore) Master Fund II, L.P. (latest filing Mar 5, 2015) · No amendment in the last 12 months on an offering that may still be open — Watershed Capital Institutional Partners II, L.P. (latest filing Mar 5, 2015) · No amendment in the last 12 months on an offering that may still be open — Watershed Capital Partners II, L.P. (latest filing Mar 5, 2015) · and 3 more

What this means SEC rules expect a yearly amendment while an offering is still going. Ask the sponsor which of these raises have closed.

Sources
Worth asking · Jan 22, 2010 – Mar 5, 2015

36 people are no longer listed on a later amendment

Jonathan Nicholson is no longer listed on the Mar 5, 2015 amendment — Watershed Capital Partners (Offshore), Ltd. · W. Watershed Asset Management, L.L.C. is no longer listed on the Mar 5, 2015 amendment — Watershed Capital Partners (Offshore) Master Fund II, L.P. · W. Watershed Asset Management, L.L.C. is no longer listed on the Mar 5, 2015 amendment — Watershed Capital Institutional Partners II, L.P. · W. Watershed Asset Management, L.L.C. is no longer listed on the Mar 5, 2015 amendment — Watershed Capital Partners II, L.P. · W. Watershed Asset Management, L.L.C. is no longer listed on the Mar 5, 2015 amendment — Watershed Capital Institutional Partners, L.P. · and 31 more

What this means People leave; the issuer lists only current officers, directors and promoters. Ask why and who replaced them.

Sources
Note · Mar 7, 2013 – Mar 6, 2014

WS Partners, L.L.C.'s role changed at Watershed Capital Partners (Offshore) Master Fund II, L.P.: promoter → executive officer

The Mar 7, 2013 filing lists WS Partners, L.L.C. as promoter; the Mar 6, 2014 Form D/A lists executive officer.

What this means Roles on Form D are self-reported by the issuer. A change can mean a real change in who runs the company, or just a different box ticked. Ask who makes decisions today.

Sources
Note · Mar 7, 2013 – Mar 6, 2014

WS Partners, L.L.C.'s role changed at Watershed Capital Partners II, L.P.: promoter → executive officer

The Mar 7, 2013 filing lists WS Partners, L.L.C. as promoter; the Mar 6, 2014 Form D/A lists executive officer.

What this means Roles on Form D are self-reported by the issuer. A change can mean a real change in who runs the company, or just a different box ticked. Ask who makes decisions today.

Sources
Note · Mar 7, 2013 – Mar 6, 2014

WS Partners, L.L.C.'s role changed at Watershed Capital Institutional Partners II, L.P.: promoter → executive officer

The Mar 7, 2013 filing lists WS Partners, L.L.C. as promoter; the Mar 6, 2014 Form D/A lists executive officer.

What this means Roles on Form D are self-reported by the issuer. A change can mean a real change in who runs the company, or just a different box ticked. Ask who makes decisions today.

Sources
Note · Mar 6, 2014 – Mar 5, 2015

Minimum investment changed between filings — Watershed Capital Institutional Partners, L.P.

The Mar 6, 2014 filing lists a minimum of $10,000,000; the Mar 5, 2015 Form D/A lists $5,000,000.

What this means A different minimum usually means the offering terms changed. Check which terms apply to you.

Sources
Note · Mar 6, 2014 – Mar 5, 2015

Minimum investment changed between filings — Watershed Capital Partners, L.P.

The Mar 6, 2014 filing lists a minimum of $10,000,000; the Mar 5, 2015 Form D/A lists $5,000,000.

What this means A different minimum usually means the offering terms changed. Check which terms apply to you.

Sources
Note · Mar 6, 2014 – Mar 5, 2015

Minimum investment changed between filings — Watershed Capital Partners (Offshore), Ltd.

The Mar 6, 2014 filing lists a minimum of $10,000,000; the Mar 5, 2015 Form D/A lists $5,000,000.

What this means A different minimum usually means the offering terms changed. Check which terms apply to you.

Sources
Note · Mar 7, 2011 – Mar 7, 2012

Minimum investment changed between filings — Watershed Capital Partners (Offshore), Ltd.

The Mar 7, 2011 filing lists a minimum of $50,000; the Mar 7, 2012 Form D/A lists $10,000,000.

What this means A different minimum usually means the offering terms changed. Check which terms apply to you.

Sources
Note · Apr 5, 2010 – Mar 11, 2011

Minimum investment changed between filings — Watershed Capital Partners II, L.P.

The Apr 5, 2010 filing lists a minimum of $0; the Mar 11, 2011 Form D/A lists $10,000,000.

What this means A different minimum usually means the offering terms changed. Check which terms apply to you.

Sources
Note · Apr 6, 2010 – Mar 10, 2011

Minimum investment changed between filings — Watershed Capital Partners (Offshore) Master Fund II, L.P.

The Apr 6, 2010 filing lists a minimum of $0; the Mar 10, 2011 Form D/A lists $10,000,000.

What this means A different minimum usually means the offering terms changed. Check which terms apply to you.

Sources
Note · Apr 5, 2010 – Mar 10, 2011

Minimum investment changed between filings — Watershed Capital Institutional Partners II, L.P.

The Apr 5, 2010 filing lists a minimum of $0; the Mar 10, 2011 Form D/A lists $10,000,000.

What this means A different minimum usually means the offering terms changed. Check which terms apply to you.

Sources
Note · Feb 4, 2010 – Apr 6, 2010

Minimum investment changed between filings — Watershed Capital Partners (Offshore) Master Fund II, L.P.

The Feb 4, 2010 filing lists a minimum of $10,000,000; the Apr 6, 2010 Form D/A lists $0.

What this means A different minimum usually means the offering terms changed. Check which terms apply to you.

Sources
Note · Mar 11, 2010 – Apr 5, 2010

Minimum investment changed between filings — Watershed Capital Institutional Partners II, L.P.

The Mar 11, 2010 filing lists a minimum of $10,000,000; the Apr 5, 2010 Form D/A lists $0.

What this means A different minimum usually means the offering terms changed. Check which terms apply to you.

Sources
Note · Mar 11, 2010 – Apr 5, 2010

Minimum investment changed between filings — Watershed Capital Partners II, L.P.

The Mar 11, 2010 filing lists a minimum of $10,000,000; the Apr 5, 2010 Form D/A lists $0.

What this means A different minimum usually means the offering terms changed. Check which terms apply to you.

Sources
Note · Mar 12, 2009 – Jan 22, 2010

Minimum investment changed between filings — Watershed Capital Partners (Offshore), Ltd.

The Mar 12, 2009 filing lists a minimum of $0; the Jan 22, 2010 Form D/A lists $50,000.

What this means A different minimum usually means the offering terms changed. Check which terms apply to you.

Sources
Note · Mar 5, 2015

Address on file is a registered agent / shared office — Watershed Capital Partners X (Offshore), Ltd.

The latest filing lists Intertrust Corp. Services (Cayman) Ltd, 190 Elgin Avenue, George Town, Grand Cayman, Cayman Islands (as filed: E9). That address is used by 1,006 issuers in our index (registered agent / corporate services / fund administrator).

What this means Many small companies use a registered agent's address — it is legal and common. It means the Form D address is not where the team works. Ask where the business operates and who runs it day to day.

Sources
Note · Mar 5, 2015

Address on file is a registered agent / shared office — Watershed Capital Partners (Offshore) Master Fund II, L.P.

The latest filing lists Intertrust Corp. Services (Cayman) Ltd, 190 Elgin Avenue, George Town, Grand Cayman, Cayman Islands (as filed: E9). That address is used by 1,006 issuers in our index (registered agent / corporate services / fund administrator).

What this means Many small companies use a registered agent's address — it is legal and common. It means the Form D address is not where the team works. Ask where the business operates and who runs it day to day.

Sources
Note · Mar 5, 2015

Address on file is a registered agent / shared office — Watershed Capital Partners (Offshore), Ltd.

The latest filing lists Intertrust Corp. Services (Cayman) Ltd, 190 Elgin Avenue, George Town, Grand Cayman, Cayman Islands (as filed: E9). That address is used by 1,006 issuers in our index (registered agent / corporate services / fund administrator).

What this means Many small companies use a registered agent's address — it is legal and common. It means the Form D address is not where the team works. Ask where the business operates and who runs it day to day.

Sources
Note · Mar 5, 2015

Member companies were formed in 2 different states

Delaware (5), Cayman Islands (3) — out of 8 member issuers. The odd ones out: Watershed Capital Partners (Offshore), Ltd. (Cayman Islands); Watershed Capital Partners (Offshore) Master Fund II, L.P. (Cayman Islands); Watershed Capital Partners X (Offshore), Ltd. (Cayman Islands).

What this means Sponsors often form each deal company in Delaware or Wyoming no matter where the property is. A mix is common; it just tells you which state's rules each company lives under.

Sources
Note · Mar 5, 2015

Member companies list addresses in 2 different states

CA (5), Cayman Islands (as filed: E9) (3). 3 members use a registered-agent or shared-office address: Watershed Capital Partners (Offshore), Ltd. (Intertrust Corp. Services (Cayman) Ltd, 190 Elgin Avenue, George Town, Grand Cayman, Cayman Islands (as filed: E9)); Watershed Capital Partners (Offshore) Master Fund II, L.P. (Intertrust Corp. Services (Cayman) Ltd, 190 Elgin Avenue, George Town, Grand Cayman, Cayman Islands (as filed: E9)); Watershed Capital Partners X (Offshore), Ltd. (Intertrust Corp. Services (Cayman) Ltd, 190 Elgin Avenue, George Town, Grand Cayman, Cayman Islands (as filed: E9)).

What this means A registered agent's address is a mailbox, not where the team works. The other address is more likely the real office — ask which one is.

Sources
Note · Mar 12, 2009 – Mar 5, 2015

Issuer used a different name before — Watershed Capital Partners (Offshore), Ltd.

SEC records list prior names for this filer: WATERSHED CAPITAL PARTNERS LTD/ OFFSHORE. The current name on file is "Watershed Capital Partners (Offshore), Ltd.".

What this means A name change is normal, but your documents may show the old name. Match the CIK, not just the name.

Sources
What is compared

What is compared: every Form D and D/A we hold for this subject, side by side — filing dates vs. first-sale dates (the 15-day rule), amendment timing on open offerings (the yearly-amendment expectation), amounts sold, investor counts, offering amounts and minimums across amendments, industry and size bands, addresses, how each person's name and role is written, paid sellers' CRD numbers, and (for groups) where the member companies were formed and sit. Everything is as filed by the issuer; the SEC does not check it. Differences are common and usually have ordinary explanations — we show both values, the dates, and the source so you can ask. As of Oct 24, 2026.

5. Money to insiders

3 of 8 offerings report sales commissions totalling $211,458; 0 report finder's fees; 0 report proceeds to related persons.

Offering (latest filing)Sales commissionsFinder's feesTo insidersPaid to sell itSource
Mar 5, 2015 D/A
Watershed Capital Partners (Offshore), Ltd.
File 021-47759
$97,050$0$0Gallatin Capital LLC BrokerCheck CRD 124738 ↗EDGAR ↗
Mar 5, 2015 D/A
Watershed Capital Partners (Offshore) Master Fund II, L.P.
File 021-138439
$0$0$0None listed on this filingEDGAR ↗
Mar 5, 2015 D/A
Watershed Capital Institutional Partners II, L.P.
File 021-126312
$0$0$0None listed on this filingEDGAR ↗
Mar 5, 2015 D/A
Watershed Capital Institutional Partners, L.P.
File 021-129310
$99,891$0$0Gallatin Capital LLC BrokerCheck CRD 124738 ↗EDGAR ↗
Mar 5, 2015 D/A
Watershed Capital Partners II, L.P.
File 021-126307
$0$0$0None listed on this filingEDGAR ↗
Mar 5, 2015 D/A
Watershed Capital Partners, L.P.
File 021-128788
$14,517$0$0Gallatin Capital LLC BrokerCheck CRD 124738 ↗EDGAR ↗
Mar 5, 2015 D/A
Watershed Capital Institutional Partners III, L.P.
File 021-199075
$0$0$0None listed on this filingEDGAR ↗
Mar 5, 2015 D/A
Watershed Capital Partners X (Offshore), Ltd.
File 021-224767
$0$0$0None listed on this filingEDGAR ↗
How this is counted

Counts come from Form D Items 12–15 on the filings in our index (latest filing per offering; one offering = one SEC file number; an amendment updates its offering rather than adding one). "To insiders" = gross proceeds used for payments to executive officers, directors or promoters. "—" = not reported on that filing. Amounts marked (est.) were reported as estimates. "Paid to sell it" = sales compensation recipients named on that filing (Item 12), each linked to FINRA BrokerCheck when a CRD number is reported.

Counted across all 8 issuers in this group — every filing in our index, latest filing per offering (SEC file number).

Property records 0 documents · 0 ownership records · last checked Oct 24, 2026, 9:34 AM ET · NYC and Cook County lookup still to run

0 recorded documents and 0 ownership records matched to Watershed in the sources searched.

Not found in sources searched as of Oct 24, 2026, 9:34 AM ET: Hillsborough County FL Clerk of Court Official Records daily index (publicrec.hillsclerk.com D/P/M files), 2 daily files (Oct 14, 2026 to Oct 15, 2026) — loaded Oct 23, 2026, 8:59 PM ET; Harris County TX (HCAD ownership rolls 2005–2026) — 1,032,426 records, loaded Oct 24, 2026, 8:00 AM ET; Dallas County TX (DCAD ownership rolls 2021–2027) — 285,535 records, loaded Oct 24, 2026, 8:20 AM ET; Hillsborough County FL (FL DOR 2026 ownership roll + Clerk recorded-document index Oct 14, 2026 to Oct 15, 2026), Miami-Dade County FL (FL DOR 2026 ownership roll), Broward County FL (FL DOR 2026 ownership roll), Palm Beach County FL (FL DOR 2026 ownership roll) — 514,336 records, loaded Oct 24, 2026, 8:25 AM ET; King County WA (Assessor sale records 0000-00-00–2026-10-14; no owner-of-record names published) — 538,619 records, loaded Oct 24, 2026, 8:27 AM ET; Cook County IL (Assessor sale records 1982–2026 + ownership rolls 2014–2026) — 1,031,843 records, loaded Oct 24, 2026, 9:05 AM ET. Still to be looked up for this group: NYC ACRIS via NYC Open Data (Real Property Parties 636b-3b5g, Master bnx9-e6tj, Legals 8h5j-fqxa, Document Control Codes 7isb-wh4c) · NYC PLUTO ownership via NYC Open Data (64uk-42ks) · Cook County IL Assessor via Cook County Open Data (Parcel Sales wvhk-k5uv; Parcel Addresses 3723-97qp). Records in other counties, and recorder indexes we do not yet cover, were not searched.

Property records coverage: New York City (ACRIS recorded documents and PLUTO ownership, looked up per issuer when its page is viewed; re-checked when the page is viewed again more than 30 days after the last check); Harris County TX (ownership only, no deed, mortgage or sale records; HCAD ownership rolls 2005–2026); Dallas County TX (ownership only, no deed, mortgage or sale records; DCAD ownership rolls 2021–2027); Hillsborough County FL (FL DOR 2026 ownership roll + Clerk recorded-document index Oct 14, 2026 to Oct 15, 2026), Miami-Dade County FL (FL DOR 2026 ownership roll), Broward County FL (FL DOR 2026 ownership roll), Palm Beach County FL (FL DOR 2026 ownership roll); King County WA (Assessor sale records 0000-00-00–2026-10-14; no owner-of-record names published); Cook County IL (Assessor sale records 1982–2026 + ownership rolls 2014–2026); also looked up per issuer when its page is viewed. Recorder indexes (party names on deeds, mortgages and liens) in TX, AZ, NV, CA and WA counties and outside the Clerk index in FL, mortgages and liens outside NYC and Hillsborough County, lis pendens and foreclosure notices everywhere, Los Angeles County CA, Clark County NV, New York City bulk pass (not finished; per-issuer lookups only so far), Maricopa County AZ (loader ready; commercial-purpose statement not yet filed), Salt Lake County UT, and all other counties are not covered — not searched. Last refresh by source: Cook County IL Assessor via Cook County Open Data (Parcel Sales wvhk-k5uv; Parcel Addresses 3723-97qp) Oct 24, 2026, 9:05 AM ET; Cook County IL Assessor via Cook County Open Data (Parcel Sales wvhk-k5uv; Parcel Addresses 3723-97qp) Oct 24, 2026, 8:30 AM ET; King County WA Assessor Real Property Sales extract (EXTR_RPSale.csv) Oct 24, 2026, 8:27 AM ET; Florida DOR NAL roll (Palm Beach 60) Oct 24, 2026, 8:25 AM ET; Florida DOR NAL roll (Broward 16) Oct 24, 2026, 8:24 AM ET; Florida DOR NAL roll (Dade 23) Oct 24, 2026, 8:23 AM ET; Florida DOR NAL roll (Hillsborough 39) Oct 24, 2026, 8:21 AM ET; Dallas Central Appraisal District ACCOUNT_INFO.CSV Oct 24, 2026, 8:20 AM ET; Harris County Appraisal District real_acct.txt Oct 24, 2026, 8:00 AM ET; Hillsborough County FL Clerk daily index Oct 23, 2026, 8:59 PM ET. NYC and Cook County are also looked up per issuer when its page is viewed; the most recent such lookup on this site finished Oct 24, 2026, 3:30 AM ET. Parties are named as the recorder's index names them (role suffixes as recorded); no address, account number or trust date is shown for an individual, and individual owners of record (home ownership) are not matched or shown. Items still in human review are not shown.

Issuers in this group

Why each issuer is here is stated in the "Linked by" column. Low-confidence links are never shown — they wait for human review.

SourceIssuerLinked byLocationIndustryFilingsSold (max)InvestorsMin. investment (latest filing)Active
EDGAR ↗WC Watershed Capital Partners (Offshore), Ltd.shared people, shared principal (person on 60+ issuers) at the same address or management entity, shared management entity, similar issuer namesGeorge Town, Grand Cayman, Cayman Islands (as filed: E9)Pooled Investment Fund7$629,375,035
offering Indefinite · similar: $155,000–$5,250,000
24
similar: 4–27
$5,000,000
similar: $1,000–$100,000
2009–2015
EDGAR ↗WC Watershed Capital Partners (Offshore) Master Fund II, L.P.shared people, shared management entity, similar issuer namesGeorge Town, Grand Cayman, Cayman Islands (as filed: E9)Pooled Investment Fund7$133,287,242
offering Indefinite · similar: $155,000–$5,250,000
1
similar: 4–27
$10,000,000
similar: $1,000–$100,000
2010–2015
EDGAR ↗WC Watershed Capital Institutional Partners, L.P.shared people, shared management entity, same business address, similar issuer namesSan Francisco, CAPooled Investment Fund6$1,221,958,676
offering Indefinite · similar: $155,000–$5,250,000
71
similar: 4–27
$5,000,000
similar: $1,000–$100,000
2010–2015
EDGAR ↗WC Watershed Capital Partners II, L.P.shared people, shared management entity, same business address, similar issuer namesSan Francisco, CAPooled Investment Fund7$130,881,365
offering Indefinite · similar: $155,000–$5,250,000
2
similar: 4–27
$10,000,000
similar: $1,000–$100,000
2010–2015
EDGAR ↗WC Watershed Capital Institutional Partners II, L.P.shared people, shared management entity, same business address, similar issuer namesSan Francisco, CAPooled Investment Fund7$141,659,490
offering Indefinite · similar: $155,000–$5,250,000
1
similar: 4–27
$10,000,000
similar: $1,000–$100,000
2010–2015
EDGAR ↗WC Watershed Capital Partners, L.P.shared people, shared management entity, same business address, similar issuer namesSan Francisco, CAPooled Investment Fund6$518,425,906
offering Indefinite · similar: $155,000–$5,250,000
76
similar: 4–27
$5,000,000
similar: $1,000–$100,000
2010–2015
EDGAR ↗WC Watershed Capital Institutional Partners III, L.P.shared people, shared management entity, same business address, similar issuer namesSan Francisco, CAPooled Investment Fund3$85,000,000
offering Indefinite · similar: $155,000–$5,250,000
2
similar: 4–27
$10,000,000
similar: $1,000–$100,000
2013–2015
EDGAR ↗WC Watershed Capital Partners X (Offshore), Ltd.shared people, shared principal (person on 60+ issuers) at the same address or management entity, shared management entity, similar issuer namesGeorge Town, Grand Cayman, Cayman Islands (as filed: E9)Pooled Investment Fund2$112,060,179
offering Indefinite · similar: $155,000–$5,250,000
4
similar: 4–27
$5,000,000
similar: $1,000–$100,000
2014–2015

"Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

Timeline of offerings

SourceFiledIssuerFormIndustryOfferedSold
EDGAR ↗Mar 5, 2015Watershed Capital Partners X (Offshore), Ltd.D/APooled Investment FundIndefinite$112,060,179
EDGAR ↗Mar 5, 2015Watershed Capital Institutional Partners III, L.P.D/APooled Investment FundIndefinite$85,000,000
EDGAR ↗Mar 5, 2015Watershed Capital Partners (Offshore) Master Fund II, L.P.D/APooled Investment FundIndefinite$133,287,242
EDGAR ↗Mar 5, 2015Watershed Capital Institutional Partners II, L.P.D/APooled Investment FundIndefinite$141,659,490
EDGAR ↗Mar 5, 2015Watershed Capital Partners II, L.P.D/APooled Investment FundIndefinite$130,881,365
EDGAR ↗Mar 5, 2015Watershed Capital Institutional Partners, L.P.D/APooled Investment FundIndefinite$1,221,958,676
EDGAR ↗Mar 5, 2015Watershed Capital Partners, L.P.D/APooled Investment FundIndefinite$499,200,604
EDGAR ↗Mar 5, 2015Watershed Capital Partners (Offshore), Ltd.D/APooled Investment FundIndefinite$618,231,879
EDGAR ↗Sep 16, 2014Watershed Capital Partners X (Offshore), Ltd.DPooled Investment FundIndefinite$32,060,179
EDGAR ↗Mar 21, 2014Watershed Capital Institutional Partners III, L.P.D/APooled Investment FundIndefinite$85,000,000
EDGAR ↗Mar 6, 2014Watershed Capital Partners (Offshore) Master Fund II, L.P.D/APooled Investment FundIndefinite$133,287,242
EDGAR ↗Mar 6, 2014Watershed Capital Institutional Partners II, L.P.D/APooled Investment FundIndefinite$141,659,490
EDGAR ↗Mar 6, 2014Watershed Capital Partners II, L.P.D/APooled Investment FundIndefinite$130,881,365
EDGAR ↗Mar 6, 2014Watershed Capital Institutional Partners, L.P.D/APooled Investment FundIndefinite$1,221,958,676
EDGAR ↗Mar 6, 2014Watershed Capital Partners, L.P.D/APooled Investment FundIndefinite$494,614,677
EDGAR ↗Mar 6, 2014Watershed Capital Partners (Offshore), Ltd.D/APooled Investment FundIndefinite$618,231,879
EDGAR ↗Jul 3, 2013Watershed Capital Institutional Partners III, L.P.DPooled Investment FundIndefinite$85,000,000
EDGAR ↗Mar 7, 2013Watershed Capital Partners (Offshore) Master Fund II, L.P.D/APooled Investment FundIndefinite$133,287,242
EDGAR ↗Mar 7, 2013Watershed Capital Institutional Partners II, L.P.D/APooled Investment FundIndefinite$141,659,490
EDGAR ↗Mar 7, 2013Watershed Capital Partners II, L.P.D/APooled Investment FundIndefinite$125,308,478
EDGAR ↗Mar 7, 2013Watershed Capital Institutional Partners, L.P.D/APooled Investment FundIndefinite$1,150,288,091
EDGAR ↗Mar 7, 2013Watershed Capital Partners, L.P.D/APooled Investment FundIndefinite$489,614,677
EDGAR ↗Mar 7, 2013Watershed Capital Partners (Offshore), Ltd.D/APooled Investment FundIndefinite$618,231,879
EDGAR ↗Mar 12, 2012Watershed Capital Partners, L.P.D/APooled Investment FundIndefinite$489,064,677
EDGAR ↗Mar 12, 2012Watershed Capital Partners (Offshore) Master Fund II, L.P.D/APooled Investment FundIndefinite$133,287,242
EDGAR ↗Mar 12, 2012Watershed Capital Institutional Partners, L.P.D/APooled Investment FundIndefinite$1,137,288,091
EDGAR ↗Mar 12, 2012Watershed Capital Institutional Partners II, L.P.D/APooled Investment FundIndefinite$141,659,490
EDGAR ↗Mar 12, 2012Watershed Capital Partners II, L.P.D/APooled Investment FundIndefinite$125,308,478
EDGAR ↗Mar 7, 2012Watershed Capital Partners (Offshore), Ltd.D/APooled Investment FundIndefinite$610,231,879
EDGAR ↗Mar 11, 2011Watershed Capital Partners II, L.P.D/APooled Investment FundIndefinite$125,308,478
EDGAR ↗Mar 10, 2011Watershed Capital Partners, L.P.D/APooled Investment FundIndefinite$483,007,057
EDGAR ↗Mar 10, 2011Watershed Capital Partners (Offshore) Master Fund II, L.P.D/APooled Investment FundIndefinite$133,287,242
EDGAR ↗Mar 10, 2011Watershed Capital Institutional Partners, L.P.D/APooled Investment FundIndefinite$1,134,288,091
EDGAR ↗Mar 10, 2011Watershed Capital Institutional Partners II, L.P.D/APooled Investment FundIndefinite$141,659,490
EDGAR ↗Mar 7, 2011Watershed Capital Partners (Offshore), Ltd.D/APooled Investment FundIndefinite$608,428,583
EDGAR ↗Apr 6, 2010Watershed Capital Partners (Offshore) Master Fund II, L.P.D/APooled Investment FundIndefinite$131,782,666
EDGAR ↗Apr 5, 2010Watershed Capital Partners II, L.P.D/APooled Investment FundIndefinite$125,308,478
EDGAR ↗Apr 5, 2010Watershed Capital Institutional Partners II, L.P.D/APooled Investment FundIndefinite$141,659,490
EDGAR ↗Mar 12, 2010Watershed Capital Partners, L.P.D/APooled Investment FundIndefinite$518,425,906
EDGAR ↗Mar 11, 2010Watershed Capital Partners II, L.P.D/APooled Investment FundIndefinite$125,308,478
EDGAR ↗Mar 11, 2010Watershed Capital Institutional Partners, L.P.D/APooled Investment FundIndefinite$1,081,335,382
EDGAR ↗Mar 11, 2010Watershed Capital Institutional Partners II, L.P.D/APooled Investment FundIndefinite$141,659,490
EDGAR ↗Feb 4, 2010Watershed Capital Partners (Offshore) Master Fund II, L.P.DPooled Investment FundIndefinite$131,782,666
EDGAR ↗Jan 22, 2010Watershed Capital Partners (Offshore), Ltd.D/APooled Investment FundIndefinite$629,375,035
EDGAR ↗Mar 12, 2009Watershed Capital Partners (Offshore), Ltd.D/APooled Investment FundIndefinite$623,335,124

Activity: 0 new offerings in the last 12 months across all issuers in this group (new offering = a Form D that is not an amendment, D/A) · most recent filing Mar 5, 2015. Industry history, as reported on each offering's latest filing: All 8 offerings reported: Pooled Investment Fund (2009–2014).

People across the group

NameRolesIssuers hereFirst → last listed
MM Meridee A. MooreExecutive Officer, Director8Mar 12, 2009 → Mar 5, 2015
MK Michele F. KyrouzExecutive Officer8Mar 7, 2012 → Mar 5, 2015
MD Matthew W. De DominicisExecutive Officer8Mar 7, 2013 → Mar 5, 2015
QA Qazi Munir AlamExecutive Officer7Mar 12, 2009 → Jul 3, 2013
WP WS Partners, L.L.C. entityExecutive Officer, Promoter6Feb 4, 2010 → Mar 5, 2015
RS Rachel M. SteinmanExecutive Officer6Jan 22, 2010 → Mar 12, 2012
ER Erin C. RossExecutive Officer6Jan 22, 2010 → Mar 11, 2011
KK Kevin D. KatariExecutive Officer6Mar 12, 2009 → Apr 6, 2010
MW M. Watershed Asset Management, L.L.C. entityExecutive Officer5Mar 12, 2012 → Mar 5, 2015
CP Cassandra PowellDirector2Mar 5, 2015 → Mar 5, 2015
RG Ryhal Harvey GallagherDirector2Mar 12, 2009 → Mar 5, 2015
WA Watershed Asset Management, L.L.C. entityExecutive Officer, Promoter2Mar 12, 2009 → Mar 5, 2015
FW F. Watershed Asset Management, L.L.C. entityExecutive Officer1Jul 3, 2013 → Mar 5, 2015
JN Jonathan NicholsonDirector1Mar 12, 2009 → Mar 6, 2014

Business registration (state registry / Secretary of State)

None of the 8 issuers has a record in the registries searched.

Registries searched: AL (Alabama Secretary of State — Business Entity Records (arc-sos.state.al.us), searched by issuer name, data as of Oct 24, 2026); CO (Colorado Secretary of State — Business Entities in Colorado (data.colorado.gov), data as of Oct 23, 2026); CT (Connecticut Secretary of the State — Business Registry (data.ct.gov), data as of Oct 24, 2026); FL (Florida Department of State, Division of Corporations — quarterly corporate data file (Sunbiz), data as of Oct 7, 2026); NY (New York Department of State — Corporations and Other Entities (data.ny.gov: All Filings + Active Corporations), data as of Oct 20, 2026); OR (Oregon Secretary of State — Active Businesses, All (data.oregon.gov), data as of Oct 20, 2026); PA (Pennsylvania Department of State — Registered Businesses, Current (data.pa.gov), data as of Oct 6, 2026); TX (Texas Comptroller — Active Franchise Taxpayers incl. Secretary of State file data (data.texas.gov), data as of Oct 24, 2026). Registries of other states have not been searched: many publish no bulk file and require a CAPTCHA or bot challenge on their search page, which we do not bypass (Delaware, for example, offers no public bulk file). A registry listing is the state's own record of the entity; it says nothing about the offering itself.

Adviser registration (Form ADV)

Searched SEC Form ADV bulk data (registered + exempt reporting advisers) (24,962 records as of Oct 2, 2026, 8:00 AM ET) — nothing matched Watershed.

Meta advertising

No Meta Pixel ids or Facebook / Instagram page links on file for Watershed as of Oct 24, 2026 — the sponsor website is read for them once it is on file (runs automatically). Meta Ad Library: not searched by PartnerFacts (no API access); a one-tap Ad Library search is under Look further.

Other offering types (Regulation A and Regulation Crowdfunding)

Searched SEC Regulation A Data Sets (Forms 1-A, 1-K, 1-Z; 2015 Q2 → 2026 Q3); SEC Crowdfunding Offerings Data Sets (Form C family; 2016 Q2 → 2026 Q3); EDGAR form index for 2026 Q3 → 2026 Q4 (51,358 records as of Oct 23, 2026, 8:41 PM ET) — nothing matched this name.

Public profiles and social

No website or social profile named in Watershed's SEC filings (Form C, Reg A, Form ADV; checked Oct 24, 2026). Web search for this name: #305,637 of 374,652 in line (1,386 issuers searched so far). One-tap searches: Look further ↓

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