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Private Equity
FINANCE | Investment Firms & Funds
tailwatercapital.com

Investments

19

Portfolio Exits

3

Funds

8

Partners & Customers

2

Service Providers

3

About Tailwater Capital

Tailwater Capital is a Dallas-based private equity firm focused on midstream and upstream oil and gas companies. Tailwater's principals have a wealth of experience providing growth equity across all domestic energy sectors, having invested over $1 billion in equity capital in the space over the past 14 years.

Headquarters Location

2021 McKinney Ave Suite 1250

Dallas, Texas, 75201,

United States

214-269-1183

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Latest Tailwater Capital News

Tailwater Capital Announces 2 Promotions Within its Operations

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:

Tailwater Capital Investments

19 Investments

Tailwater Capital has made 19 investments. Their latest investment was in Goodnight Midstream as part of their Private Equity - II on October 10, 2019.

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Tailwater Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/8/2019

Private Equity - II

Goodnight Midstream

$500M

No

2

9/19/2019

Private Equity

Triten Energy Partners

$250M

Yes

1

5/23/2018

Private Equity - II

Silver Creek Midstream

$150M

No

1

11/17/2017

Private Equity

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$99M

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10

10/31/2017

Private Equity

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$99M

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10

Date

10/8/2019

9/19/2019

5/23/2018

11/17/2017

10/31/2017

Round

Private Equity - II

Private Equity

Private Equity - II

Private Equity

Private Equity

Company

Goodnight Midstream

Triten Energy Partners

Silver Creek Midstream

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Amount

$500M

$250M

$150M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

2

1

1

10

10

Tailwater Capital Portfolio Exits

3 Portfolio Exits

Tailwater Capital has 3 portfolio exits. Their latest portfolio exit was NorTex on August 31, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/31/2022

Acquired - II

$99M

4

3/11/2019

Acq - Fin

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$99M

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10

8/8/2014

Acquired

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$99M

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0

Date

8/31/2022

3/11/2019

8/8/2014

Exit

Acquired - II

Acq - Fin

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

4

10

0

Tailwater Capital Acquisitions

7 Acquisitions

Tailwater Capital acquired 7 companies. Their latest acquisition was Continuus Materials on January 13, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/13/2022

Other

$99M

Acq - Fin

2

3/1/2021

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$99M

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10

2/17/2021

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$99M

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10

1/27/2021

Private Equity

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$99M

$99M

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10

1/27/2021

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$99M

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10

Date

1/13/2022

3/1/2021

2/17/2021

1/27/2021

1/27/2021

Investment Stage

Other

Private Equity

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acq - Fin

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Sources

2

10

10

10

10

Tailwater Capital Fund History

8 Fund Histories

Tailwater Capital has 8 funds, including Tailwater Energy Fund IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/26/2020

Tailwater Energy Fund IV

REAL Assets

Open

$1,100M

2

7/25/2018

Tailwater Fund III

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$99M

10

3/2/2016

Tailwater E&P Opportunity Fund II

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$99M

10

12/15/2014

Tailwater Energy Fund II

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$99M

10

2/28/2014

Tailwater E&P Opportunity Fund

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$99M

10

Closing Date

3/26/2020

7/25/2018

3/2/2016

12/15/2014

2/28/2014

Fund

Tailwater Energy Fund IV

Tailwater Fund III

Tailwater E&P Opportunity Fund II

Tailwater Energy Fund II

Tailwater E&P Opportunity Fund

Fund Type

REAL Assets

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Status

Open

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Amount

$1,100M

$99M

$99M

$99M

$99M

Sources

2

10

10

10

10

Tailwater Capital Partners & Customers

2 Partners and customers

Tailwater Capital has 2 strategic partners and customers. Tailwater Capital recently partnered with Waste Management on January 1, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

1/13/2022

Partner

United States

WM, Tailwater Capital Announce Joint Venture to Grow Continuus Materials Production Facilities

HOUSTON and DALLAS , Jan. 13 , 2022 / PRNewswire / -- WM Organic Growth , a wholly-owned subsidiary of Waste Management , Inc. , and Tailwater Capital , LLC LLC announced the closing of a joint venture that provides financial , commercial , and operational support to Continuus Materials to assist the company with scaling production facilities within the waste-to-product industry .

10

7/27/2021

Partner

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10

Date

1/13/2022

7/27/2021

Type

Partner

Partner

Business Partner

Country

United States

News Snippet

WM, Tailwater Capital Announce Joint Venture to Grow Continuus Materials Production Facilities

HOUSTON and DALLAS , Jan. 13 , 2022 / PRNewswire / -- WM Organic Growth , a wholly-owned subsidiary of Waste Management , Inc. , and Tailwater Capital , LLC LLC announced the closing of a joint venture that provides financial , commercial , and operational support to Continuus Materials to assist the company with scaling production facilities within the waste-to-product industry .

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Sources

10

10

Tailwater Capital Service Providers

3 Service Providers

Tailwater Capital has 3 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Acq - Fin

Counsel

General Counsel

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Service Provider

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Associated Rounds

Acq - Fin

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Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

Tailwater Capital Team

2 Team Members

Tailwater Capital has 2 team members, including current Founder, Managing Partner, Jason Downie.

Name

Work History

Title

Status

Jason Downie

HM Capital, and DLJMB

Founder, Managing Partner

Current

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Name

Jason Downie

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Work History

HM Capital, and DLJMB

Title

Founder, Managing Partner

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Status

Current

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