Tailwater Capital closes US$1.1bn fourth energy fund

Tailwater Capital has achieved financial closing for the Tailwater Energy Fund IV LP with US$1.1 billion in capital commitments, including a co-investment for one of Fund IV’s platform companies. Receiving strong support from new and existing investors, Fund IV will continue its strategy of partnering with proven management teams to identify attractive opportunities in midstream infrastructure.

Fund IV will continue to employ a disciplined and nimble approach to investing, targeting opportunities across the midstream value chain from the wellhead to the refinery gates. 

To date, Fund IV has committed to several new platform companies, and Tailwater is looking forward to continuing to support their growth. The firm’s prior fund, Tailwater Energy Fund III LP, closed in July 2018 with total commitments of US$1.0 billion, including a co-investment for a platform company in the fund, and has committed capital to six platform companies.

Thompson & Knight LLP served as legal counsel for Fund IV.