Tailwater, Stephens Make Executive Hires
Tailwater Brings in MLP/Midstream Vet Stephen Lipscomb
Dallas-based Tailwater Capital LLC is continuing to grow its team with the addition of Stephen Lipscomb as a vice president.
Lipscomb brings nine years’ experience including midstream operations, private equity and investment banking, Tailwater said in a press release. Lipscomb was a senior director at Crestwood Equity Partners, a publicly-traded master limited partnership that owns and operates midstream businesses in multiple unconventional shale plays across the United States.
Tailwater Managing Partner Jason Downie commented that Lipscomb’s background, a combination of direct midstream investing with middle market private equity, “aligns very nicely with Tailwater’s highly specialized investment mandate.” Prior to Crestwood, Lipscomb worked for Brazos Private Equity Partners, a middle market private equity firm with $1.4 billion of assets under management; previous to Brazos, Lipscomb was at JPMorgan as an analyst in their global investment banking practice. Mr. Lipscomb earned an MBA from University of Texas and a BS from Washington and Lee University.
Tailwater has executed more than 35 energy transactions representing over $11 billion in transaction value. Tailwater currently manages over $1.6 billion in equity capital, more than $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.
Stephens Inc. Lands Charlie Lapeyre to Head Energy A&D
Little Rock-based independent investment banking firm Stephens Inc. announced that Charles “Charlie” M. Lapeyre has joined the company as managing director and head of the A&D effort for the energy investment banking group.
Lapeyre joins Stephens from Virage Energy Group LLC, a Dallas based advisory firm he founded in 2012, focused on A&D advisory services for middle market independent energy companies engaged in upstream oil and gas transactions ranging from $5 million to $100+ million. For the prior 13 years, Lapeyre served as Managing Director of Energy Spectrum Advisors Inc., where Lapeyre’s team sourced, negotiated and closed more than 100 corporate/asset sales, private placements and M&A transactions in the upstream energy sector with an aggregate transaction value of over $8.0 billion. Lapeyre has a BS in Petroleum Engineering from the University of Tulsa and an MBA with high honors from the University of Texas at Austin.
“We look forward to accelerated growth under Charlie’s leadership,” said Brad Eichler, EVP and head of investment banking at Stephens Inc. Lapeyre will be based in Stephens’ Dallas office. Stephens has 24 U.S. locations.
