![]() OAG360: In November 2015, Tailwater had a fourth closing for a total of $217 million of capital under its TAILWATER E&P OPPORTUNITY FUND II LP. Source: EY 2015 Global Private Equity SurveyĪnd so, where many energy private equity firms are focused on the more traditional model of backing a management team with a commitment of equity capital and many different management teams per fund, Tailwater’s approach is much more specific around growth capital and a partner-oriented approach with the management team on a specific concept, which allows our firm to have more focused management relationships. By having those two different pools of capital and being middle market-focused, we can be very creative in terms of how we approach capital solutions for either companies that need a partner or management teams that have ideas and opportunities to build a business around. ![]() Our midstream vehicle is a traditional “control equity” style fund, and our upstream vehicle today is a non-operated working interest fund. And really, we focus primarily on midstream and upstream as two different fund vehicles. What kind of approach does Tailwater use, and how has that benefitted your company and your portfolio companies?ĭOWNIE: We like to call ourselves a middle market-focused, energy-specific private equity firm. OAG360: On your web site, you mention a “one-size-fits-all” approach to private equity can get in the way of creating a strong foundation. Oil & Gas® spoke with Jason Downie in this exclusive interview. The co-founders have worked with each other for more than 15 years, and the 2016 version of this market downturn has created opportunities for these savvy PE investors. Under the leadership of Jason Downie and Edward Herring, Tailwater’s co-founders, the firm has established itself across the United States in both the midstream and upstream segments. One of those firms is Tailwater Capital, a Dallas-based enterprise founded in 2013. ![]() Co-Founder & Managing Partner of Tailwater Capital
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