DALLAS, February 28, 2014

Tailwater Capital LLC (“Tailwater”), a Dallas-based private equity firm, announced today the closing of its second fund, Tailwater E&P Opportunity Fund LP at $121 million. Jason Downie and Edward Herring will lead a team dedicated to investing in the energy industry with a primary focus on non-operated upstream opportunities.

The Fund will seek to generate superior risk adjusted returns through the acquisition of non-operated working interest positions alongside best-in-class operators in the premier basins in the United States.

“We believe the Fund’s returns can better approach type well economics of the most efficient operators,” said Jason Downie, Managing Partner of Tailwater. “Returns typically can’t be achieved by operated investment in most private companies which lack scale economies and expertise of best in class operators.”