Jan 13, 2023

Tailwater Capital Announces 2 Promotions Within its Operations Tailwater Capital is a growth-oriented energy and growth infrastructure private equity firm with a strong track record of working constructively with management teams to deliver value-added solutions. It has has raised more than $3.8 billion in committed capital since inception and the team has executed more than 100 transactions representing over $23 billion in value. Tailwater Capital's Doug Prieto, left, and Paul Lee Dallas-based private equity firm Tailwater Capital has promoted two senior leaders within the Tailwater family. Tailwater Capital is a growth-oriented energy and growth infrastructure private equity firm with a strong track record of working constructively with management teams to deliver value-added solutions. It has raised more than $3.8 billion in committed capital since inception and the team has executed more than 100 transactions representing over $23 billion in value. Paul Lee, who previously served as entrepreneur-in-residence for Tailwater Capital, has been promoted to operating partner, where he will continue to play an integral role across Tailwater’s investment initiatives, with a particular focus on cultivating and evaluating operated upstream opportunities. Doug Prieto, who was president of Tailwater Royalties, has been appointed chief executive officer of Tailwater E&P LLC, a newly branded entity that combines its existing non-operated exploration and production and royalties businesses. Developing an upstream portfolio The firm said that Lee and Prieto will serve in critical leadership roles within the Tailwater family and will work closely together across all upstream opportunities. The company said that the newly branded Tailwater E&P team will manage Tailwater’s existing non-operated E&P investment platform, an owner of non-operated working interests in high-quality upstream oil and gas assets, and Tailwater Royalties, a buyer of oil and gas mineral interests in the Lower 48 states. Also, Tailwater E&P will play a key role in the technical evaluation of the firm’s midstream infrastructure and upstream investments. The firm said that Tailwater E&P will work closely with Tailwater’s investment professionals to support the firm’s operated E&P strategy to develop a comprehensive upstream portfolio across operated, non-operated, and royalties verticals within the E&P space. R E A D   N E X T Dallas' Boss Women Media and Capital One are presenting the fourth consecutive Black Girl Magic Digital Summit. This year they aim to reach more entrepreneurs than ever before by premiering the pre-recorded event on Amazon's Prime Video. The summit will feature 26 founders, CEOs, and executives with advice on how to turn your side hustle into a main hustle, and much more. From a $100K pitch competition (apply by August 12!) and live watch parties across the U.S., get ready for the magic. In this week’s roundup of hires, promotions, and accolades in North Texas, you’ll also find news from UTD's Center for Brainhealth, DART, Enseo, LiquidAgents/StaffDNA, Alpine Advanced Materials, Runway Growth Capital, Optic Gaming, Dallas Thrives, Downtown Dallas Inc., TechGenies, Kainos Capital, Texas Motor Speedway, and more. Freestone Holdco LLC, a Dallas-based portfolio company of Dallas' Tailwater Capital LLC focused on disruptive energy transition investments, announced the promotions of Ellen Wilkirson to managing director and Pierce Latham to vice president. "As we continue to grow the Freestone platform and partner with disruptive businesses enabling the transition to a more carbon-neutral economy, both Ellen and Pierce have played a significant role in our success to date, and I am pleased to recognize those contributions with these well-deserved promotions," Alan Boswell, managing director at Freestone, said in a statement. Boswell looks to Ellen and Pierce to build on the… In this week’s North Texas deal flow, you’ll also find news about Dallas startup VRGL raising $15M six months after launching, S2 Capital’s $400M multifamily investment fund, CBRE leading $125M Series E for proptech firm VTS, CVS Health acquiring Signify Health for $8B, BenefitMall’s latest acquisition, and more. TAGS: