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Tailwater Capital Forms After HM Capital Purchase

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Tailwater Capital , a newly formed Dallas-based private equity firm, announced today it has partnered with Landmark Partners to complete the secondary purchase of HM Capital's legacy energy portfolio. Jason Downie and Edward Herring will lead a team dedicated to investing in the energy industry with a primary focus on investments within the midstream and upstream sectors.

Tailwater will manage a portfolio that includes BlackBrush Oil & Gas, TexStar Midstream Services and SunTerra Well Services. During their tenure with HM Capital, Downie and Herring were responsible for the sourcing of these investments as well as the oversight of each company's performance through representation on each company's board.

"We're excited to launch our fund with Landmark Partners," said Edward Herring…

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