Tailwater Capital LLC announced the closing of its fourth energy focused private equity fund, Tailwater E&P Opportunity Fund II LP (“Fund II”) with total commitments of $218 million. The fund will focus on investment opportunities in E&P companies participating in non-operated working interests.
Since launching in 2013, Tailwater has raised four funds and currently manages $1.7 billion in Tailwater Energy Fund I and II, Tailwater E&P Opportunity Fund I and the recently closed Fund II. Tailwater has executed more than 35 transactions in the energy sector representing over $11 billion of transaction value.
Edward Herring, Co-Founder and Managing Partner of Tailwater Capital
Edward Herring, Managing Partner of Tailwater Capital, said: “We are thankful for the ongoing loyalty and support of our existing and new investors and believe their continued confidence is a testament to our successful track record and extensive energy sector expertise.
“We will continue partnering with talented management teams to identify opportunity in this dynamic time in the oil and gas sector. With current budgetary constraints facing the industry, we see opportunity for Tailwater and our partners. We believe that alignment of interest and a long-term partnership approach are two of the key components to creating a strong foundation for a successful investment.”
