Tailwater Capital Closes Third Fund, at $650M

Tailwater Capital LLC, a Dallas-Based energy-focused middle market private equity firm, closed its third fund, Tailwater Energy Fund II LP, at $650m.

Launched in 2013, Tailwater has raised more than $1.4 billion across three funds, Tailwater Energy Fund I, Tailwater E&P Opportunity Fund and the recently closed Fund II.

It is led by Managing Partners  Edward Herring and Jason Downie, who have worked together for 16 years and executed 35 transactions representing $11 billion of transaction value.

Capstone Partners, LP served as the placement agent for Fund II and Weil, Gotshal & Manges LLC provided legal counsel.



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