![]() Thompson & Knight LLP provided legal counsel for Tailwater’s fourth fund. Real-assets investments have attracted growing. The firm’s prior fund closed in July 2018 with total commitments of $1 billion, including a co-investment for a platform company in the fund, and has committed capital to six platform companies. Jason Downie, co-founder and managing partner at Tailwater Capital, shares his thoughts on what lies ahead for the energy-infrastructure sector. To date, Fund IV has committed to several new platform companies. Since Tailwater's inception in 2013, it has raised more than 3.7 billion. “Having invested through multiple cycles, we are confident private equity will play a critical role in solving the prevailing capital constraints of the energy industry,” he said. Tailwater is led by founding partners Jason Downie and Edward Herring, who have worked together for over two decades. Through the fund, Tailwater plans to continue its strategy of partnering with proven management teams to identify attractive opportunities in midstream infrastructure, according to the firm’s release.Ĭommenting on the current state of the oil market, Downie noted he expects to see “some of the most compelling buying opportunities” in many years. “Raising our largest fund to date in today's energy environment is a testament to the strength of the Tailwater team and the longstanding trust our investors have placed in us to continue identifying attractive opportunities in the midstream sector,” Herring said in a statement. The team, led by founding partners Jason Downie and Edward Herring, has executed more than 100 energy transactions in the upstream and midstream sectors representing over $20 billion in transaction value. ![]() Since the firm’s inception in 2013, Tailwater has raised more than $3.7 billion across its funds. James Burger A&D and Reserves Data Manager, Tailwater E&P. Tailwater Capital LLC closed its fourth fund with $1.1 billion in total commitments-making it Tailwater’s largest fund to date, the Dallas-based private equity firm said in a March 26 release. John Blum Director of Energy Innovation and Technology, Tailwater Innovation Partners.
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