Kirkland & Ellis LLP represents Landmark Partners, which partnered with Tailwater Capital to complete the secondary purchase of HM Capital's legacy energy investment portfolio today. Tailwater Capital is a newly formed private equity firm with a $425 million fund focused on oil and gas investments. Tailwater will manage a portfolio that includes BlackBrush Oil & Gas, TexStar Midstream Services and SunTerra Well Services.
"We're excited to launch our fund with Landmark Partners," said Edward Herring, Managing Partner of Tailwater Capital. "Landmark has a rich history of successful investments in secondary strategies, and we are confident that together we will continue building on that success."
The Kirkland team was led by private funds partner Michael Belsley and included corporate partners Michael Snow and Carol Anne Huff, tax partners Donald Rocap and Thomas Evans, ERISA partners Laura Bader and Jack Bernstein, environmental partner Paul Tanaka, corporate associates Hans Dyke, Paul Watt, Alexander Sadighi and Stephanie Yoshida and tax associate Stephen Butler.
Kirkland has one of the largest private funds practices in the world with nearly 100 attorneys focused on private funds across nine offices in six time zones. The Firm has represented more than 300 unique private fund sponsors in raising nearly $410 billion in new capital for more than 600 funds since 1995, and regularly represents leading institutional investors in connection with their investments in private funds.
The Firm has a substantial presence in the secondary market, representing secondary fund sponsors in connection with raising their funds and in their investment activities, including acquisitions of interests in private funds and private fund portfolio companies, and recapitalizations of existing private funds. The Firm also represents clients seeking to sell large portfolios of such interests, as well as sponsors in connection with evaluating such transactions.
About Landmark Partners
Landmark Partners is a private equity and real estate investment company specializing in secondary funds. Formed in 1989, the firm has one of the longest track records in the industry and is a leading source of liquidity to owners of interests in venture, mezzanine, buyout, and real estate limited partnerships. www.landmarkpartners.com
About Kirkland & Ellis LLP
Kirkland & Ellis LLP is a 1,600-attorney law firm representing global clients in complex private funds, corporate and tax, restructuring, litigation and dispute resolution/arbitration, and intellectual property and technology matters. The Firm has offices in Chicago, Hong Kong, London, Los Angeles, Munich, New York, Palo Alto, San Francisco, Shanghai and Washington, D.C.