Managers/Private equity/Texas/Tailwater Capital

Tailwater Capital

Tailwater Capital is a private equity manager in Dallas, TX. It is registered with the SEC as an investment adviser with $4B in regulatory assets and 46 staff. It has 10 funds on file, the latest reported in October 2026.

Funds on file
10
Raised, all funds
$363M
Regulatory assets
$4B
Staff
46
Pension investors
None found
See the adviser's own filing →

Latest fund filing

Funds

DateFundTypeRaisedTarget
Oct 2026 Tailwater E&P Fund III SMA-S LP Private equity $0 Not given
Sep 2026 Tailwater Fund V LP Private equity $21.7M Not given
Aug 2026 Tailwater Infrastructure CV I-B LP Private equity $0 Not given
Jun 2026 TAILWATER E&P OPPORTUNITY FUND III LP Private equity $0 Not given
Jun 2026 TAILWATER ROYALTIES FUND II LP Private equity $85.9M Not given
May 2026 Tailwater Fund V SMA-B LP Private equity $150M Not given
Oct 2025 Tailwater Fund V SMA LP Private equity $0 Not given
Sep 2025 Tailwater Infrastructure CV I LP Private equity $0 Not given
Jul 2025 Tailwater E&P Fund III SMA LP Private equity $0 Not given
Mar 2023 Tailwater Royalties Fund LP Private equity $105.4M Not given

Adviser record

RegistrationRegistered with the SEC as an investment adviser.
Regulatory assets$4B
Employees46
Clients21 private funds.
Control personsBrian, Michael Blakeman, Jason, Howland Downie, James, Edward Herring.
Private funds12 private funds holding $3.1B in gross assets.

Private funds it reports

FundTypeGross assets
Tailwater Energy Fund IV Private equity $1.3B
Tailwater Energy Fund Iii Private equity $674.7M
Tailwater Energy Fund II Private equity $381.1M
Tailwater E&P Opportunity Fund II Private equity $291.2M
Goodnight Midstream Co-invest Private equity $128.6M
Silver Creek Midstream Co-invest Private equity $119.3M
Tailwater Royalties Fund Private equity $105.8M
TW TSL Holdco Private equity $50.7M
Tailwater E&P Opportunity Fund Private equity $42.1M
Blue Tide Environmental Co-invest Private equity $31.4M
TW Ef-ii Advisors Private equity $4.4M
Tailwater Energy Fund II (N-QP) Private equity $1.7M