Tailwater Energy Fund III

Tailwater Energy Fund III is a private equity fund managed by Tailwater Capital LLC, an energy-focused private equity firm based in Dallas, Texas. The fund closed in July 2018 with total commitments of $1.0 billion, including a $100 million co-investment for a platform company. Tailwater Capital specializes in investing in midstream infrastructure assets across the energy value chain, partnering with proven management teams to create value-added solutions.

The fund's strategy involves acquiring and growing midstream assets, as well as participating in non-operated upstream opportunities in select basins. Tailwater Capital has a well-established track record, having executed more than 100 energy transactions in the upstream and midstream sectors, representing over $18.8 billion in transaction value.

Tailwater Energy Fund III has committed capital to six platform companies, focusing on midstream infrastructure investments. The fund's approach emphasizes disciplined and nimble investing, targeting opportunities from the wellhead to the refinery gates. Tailwater Capital's prior funds include Tailwater Energy Fund II, which closed at $650 million in December 2014, and Tailwater Energy Fund IV, which closed at $1.1 billion in March 2020.