Jason downie tailwater email12/30/2023 Thompson & Knight LLP provided legal counsel for Tailwater’s fourth fund. The firm’s prior fund closed in July 2018 with total commitments of $1 billion, including a co-investment for a platform company in the fund, and has committed capital to six platform companies. To date, Fund IV has committed to several new platform companies. “Having invested through multiple cycles, we are confident private equity will play a critical role in solving the prevailing capital constraints of the energy industry,” he said. In the newly created role, Sweet will lead the private. Through the fund, Tailwater plans to continue its strategy of partnering with proven management teams to identify attractive opportunities in midstream infrastructure, according to the firm’s release.Ĭommenting on the current state of the oil market, Downie noted he expects to see “some of the most compelling buying opportunities” in many years. Dallas-based Tailwater Capital has appointed Dana Sweet as its head of Strategic Research and Development, the company announced this week. “Raising our largest fund to date in today's energy environment is a testament to the strength of the Tailwater team and the longstanding trust our investors have placed in us to continue identifying attractive opportunities in the midstream sector,” Herring said in a statement. She joined Tailwater Innovation Partners in 2021. The team, led by founding partners Jason Downie and Edward Herring, has executed more than 100 energy transactions in the upstream and midstream sectors representing over $20 billion in transaction value. Sweet will also continue to serve in her role as director of energy innovation for Tailwater Innovation Partners. Since the firm’s inception in 2013, Tailwater has raised more than $3.7 billion across its funds. Downie’s primary responsibilities include deal sourcing, execution, and monitoring of the Firm’s investments as well as management of the Firm. Tailwater Capital LLC closed its fourth fund with $1.1 billion in total commitments-making it Tailwater’s largest fund to date, the Dallas-based private equity firm said in a March 26 release. Downie has over 28 years of investment experience and co-founded Tailwater Capital in January 2013.
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