JASON DOWNIE
Mr. Downie has over 27 years of investment experience and co-founded Tailwater Capital in January 2013. At Tailwater, Mr. Downie’s primary responsibilities include deal sourcing, execution, and monitoring of the Firm’s investments as well as management of the Firm. He currently serves as a Director of Southcross Energy Partners, TexStar Midstream Logistics, Align Midstream Partners, Pivotal Petroleum Partners, Copperbeck Energy Partners, E2 Energy Services, Connect Midstream, Goodnight Midstream, Producers Midstream, Silver Creek Midstream, TopSail Energy, Elevate Midstream, Culberson Midstream and Tailwater Technical Holdings. Prior to co-founding Tailwater Capital, Mr. Downie was a Partner with HM Capital and served on the Investment Committee. He joined HM Capital from Rice, Sangalis Toole and Wilson, a mezzanine private equity firm, where he was an Associate. Prior to Rice, Sangalis Toole and Wilson, Mr. Downie was an Associate in the Equity Trading Group with Donaldson, Lufkin & Jenrette, responsible for energy and transportation. He earned both a BBA and an MBA from the University of Texas at Austin.
Edward herring
Mr. Herring has over 27 years of investment experience and co-founded Tailwater Capital in January 2013. At Tailwater, Mr. Herring’s primary responsibilities include deal sourcing, execution, and monitoring of the Firm’s investments as well as management of the Firm. He currently serves on the Board of Directors for Southcross Holdings, TexStar Midstream Logistics, Align Midstream Partners, Pivotal Petroleum Partners, Copperbeck Energy Partners, E2 Energy Services, Connect Midstream, Producers Midstream, Silver Creek Midstream, TopSail Energy, Elevate Midstream Partners, Cureton Midstream, and Tailwater Technical Holdings. Prior to co-founding Tailwater Capital, Mr. Herring was a Partner with HM Capital and served on the Investment Committee. Prior to HM Capital, Mr. Herring worked in the Investment Banking Division of Goldman, Sachs & Co. in New York and San Francisco, where he focused on M&A and financing transactions in the technology sector. Mr. Herring earned an MBA from Harvard Business School and a BA from Stanford University.
JOEL FRY
Mr. Fry joined Tailwater Capital in 2014 and is responsible for investment origination, execution, and portfolio company oversight. He serves as a director on the boards of Align Midstream, Elevate Midstream, Copperbeck Energy, Connect Midstream and Goodnight Midstream.
Mr. Fry has over 15 years of experience in private equity and investment banking. Prior to joining Tailwater, Mr. Fry was a Principal with Crimson Investment and was a Senior Associate at HM Capital, where he worked extensively on investments in the energy portfolio. Prior to HM Capital, Mr. Fry worked for Harrison Lovegrove & Co. (now Standard Chartered PLC) as an Associate Director focusing on energy merger and acquisition advisory. Mr. Fry also served as an Analyst within Citigroup’s energy investment bank. Mr. Fry graduated from the University of Texas at Austin with a BBA in Finance.
Mr. Fry has over 15 years of experience in private equity and investment banking. Prior to joining Tailwater, Mr. Fry was a Principal with Crimson Investment and was a Senior Associate at HM Capital, where he worked extensively on investments in the energy portfolio. Prior to HM Capital, Mr. Fry worked for Harrison Lovegrove & Co. (now Standard Chartered PLC) as an Associate Director focusing on energy merger and acquisition advisory. Mr. Fry also served as an Analyst within Citigroup’s energy investment bank. Mr. Fry graduated from the University of Texas at Austin with a BBA in Finance.
charles marsh
Charles Marsh is the Chief Investment Officer of the Dallas-based Marsh family office, a founding investor in Goodnight Midstream. Previously, Mr. Marsh was a partner and served on the Investment Committee at GerberTaylor, a multibillion-dollar outsourced CIO. Over the past two decades, Mr. Marsh has invested in numerous private equity energy companies and served on the boards of midstream, upstream and services companies. He holds a BA in economics from Trinity University and is a CFA charterholder.
FROSTY TEMPEL
W. Forrest "Frosty" Tempel is the Chief Investment Officer for Reynolds Capital Partners, a single-family office based in Fort Worth. Mr. Tempel's extensive experience in valuing both public and private companies started over 30 years ago at Salomon Brothers, followed by many years working for the Bass family under the guidance and mentoring of Tommy Taylor. He was seeded by the Bass family to run his own hedge fund, which led to helping the Reynolds families found Reynolds Capital Partners in 2012. Mr. Tempel is a graduate of Texas Christian University and a CFA® charterholder. He sits on the boards of multiple not-for-profit institutions and Foundations. He and his wife Sarah reside in Fort Worth, Texas.
GRANT ADAMS
Grant has over 15 years of experience in the midstream sector. Prior to joining Goodnight Midstream, Grant held commercial counsel roles with EnLink Midstream and Alon USA Energy. Before moving to an in-house position, Grant worked at the international law firms of Hunton Andrews Kurth and Baker McKenzie as a corporate and securities attorney specializing in the energy industry. Grant holds a BA from the University of Texas and a JD from Duke University School of Law.
PATRICK WALKER
Mr. Walker is co-founder of Goodnight Midstream. Previously co-founder of RKM Energy Partners, a small energy-focused private equity firm with interests in Texas, California, and Alberta, Canada. Patrick also serves as an executive of Eagle Exploration, a family-owned independent operator in the Texas Panhandle. He holds a BA from the University of Texas and an MBA from Stanford University.
DREW WINSTON
Mr. Winston joined Tailwater Capital in June 2018 and is responsible for sourcing, evaluating, executing and monitoring the firm’s investments. Mr. Winston has 9 years of experience in the oil and gas and private equity industries. Prior to joining Tailwater, Mr. Winston was the Director of Business Development at Sage Midstream, a private equity-backed midstream company. Mr. Winston’s responsibilities at Sage included project origination, analysis and execution. Prior to Sage, Mr. Winston worked for Austin Ventures, a venture capital and private equity fund with approximately $4 billion of assets under management. Prior to that, he worked for Simmons and Company International as an analyst in the investment banking group. Mr. Winston earned an MBA from the University of Virginia Darden School of Business, where he was awarded a Frank Batten Scholarship and the Frank Genovese Fellowship. Mr. Winston also graduated Magna Cum Laude from Texas A&M University with a BBA in Finance.
