Energy-focused firm Tailwater Capital closes fourth fund

Tailwater Capital LLC, an energy-focused private equity firm, closed its fourth fund, Tailwater E&P Opportunity Fund II LP, at $218 million. The fund will invest in exploration and production companies in non-operated working interest investment opportunities.


DALLASMarch 2, 2016 /PRNewswire/ — Tailwater Capital LLC (“Tailwater”), an energy-focused private equity firm, announced today the closing of its fourth fund, Tailwater E&P Opportunity Fund II LP (“Fund II”) with total commitments of $218 million. The fund will invest behind best-in-class E&P operators in non-operated working interest investment opportunities within the “core” of the country’s premier basins.

Since launching in 2013, Tailwater manages $1.7 billion across four funds, Tailwater Energy Fund I and II, Tailwater E&P Opportunity Fund I and the recently closed Fund II. Tailwater is led by founding partners Edward Herring and Jason Downie, who have worked together for 18 years and executed more than 35 transactions in the energy sector representing over $11 billion of transaction value.

Edward Herring, Managing Partner of Tailwater Capital, said: “We are thankful for the ongoing loyalty and support of our existing and new investors and believe their continued confidence is a testament to our successful track record and extensive energy sector expertise. We will continue partnering with talented management teams to identify opportunity in this dynamic time in the oil and gas sector. With current budgetary constraints facing the industry, we see opportunity for Tailwater and our partners. We believe that alignment of interest and a long-term partnership approach are two of the key components to creating a strong foundation for a successful investment.”

About Tailwater Capital LLC

Dallas-based Tailwater Capital is a sophisticated, growth-oriented energy private equity firm with a well-established track record, having executed more than 35 energy transactions representing over $11 billion in transaction value. Tailwater currently manages $1.7 billion in equity capital, over $700 million of which is available for new investments. Tailwater is focused on acquiring and growing midstream assets as well as participating in non-operated upstream opportunities in select basins. For more information, please visit