Tailwater Capital Closes Third Fund, at $650M

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Tailwater Capital LLC, a Dallas-Based energy-focused middle market private equity firm, closed its third fund, Tailwater Energy Fund II LP, at $650m.Launched in 2013, Tailwater has raised more than $1.4 billion across three funds, Tailwater Energy Fund I, Tailwater E&P Opportunity Fund and the recently closed Fund II.It is led by Managing Partners Edward Herring and Jason Downie, who have worked together for 16 years and executed 35 transactions representing $11 billion of transaction value.Capstone Partners, LP served as the placement agent for Fund II and Weil, Gotshal & Manges LLC provided legal counsel.FinSMEs 15/12/2014

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