Investment adviser · CRD 167240

TAILWATER CAPITAL

Investment adviser filing (IA)

TW-IM, LLC

DALLAS, TX, United States · Form ADV filed Jun 12, 2026

Regulatory AUM
$3.97B
Form ADV · Item 5.F
Client accounts
21
Accounts, not individual clients
Employees
46
Reported in this filing
Advisory professionals
27
Investment advisory functions

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles21$3,974,046,326100.0%
Filing source

Form ADV 2107226 · Jun 12, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

22 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

TAILWATER ENERGY FUND IV LPPrivate Equity Fund · Last reported Jun 12, 2026$930MGross asset value

Form D fundraising filings

Tailwater Energy Fund IV LP

Feeder funds

Fund administrator STANDISH MANAGEMENT, LLC DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor WEAVER AND TIDWELL, LLP DALLAS, Texas, United States
Custodian FIRST CITIZENS BANK AND TRUST CO. DALLAS, Texas, United States Related to adviser: No
Custodian PEGASUS BANK N.A. DALLAS, Texas, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

WEAVER AND TIDWELL, LLP
PCAOB 410

Fund details & source
Fund ID
805-3395001107
Reported beneficial owners
72
Minimum commitment
$500K
Form D file number
021-343067
Form D file number
021-355248

Form ADV 2107226 · Jun 12, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TAILWATER ENERGY FUND III LPPrivate Equity Fund · Last reported Jun 12, 2026$442MGross asset value

Form D fundraising filings

Tailwater Energy Fund III LP

Fund administrator STANDISH MANAGEMENT, LLC DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor WEAVER AND TIDWELL, LLP DALLAS, Texas, United States
Custodian PEGASUS BANK N.A. DALLAS, Texas, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

WEAVER AND TIDWELL, LLP
PCAOB 410

Fund details & source
Fund ID
805-6442708998
Reported beneficial owners
86
Minimum commitment
$5M
Form D file number
021-289544

Form ADV 2107226 · Jun 12, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TAILWATER FUND V SMA LPPrivate Equity Fund · Last reported Jun 12, 2026$409MGross asset value

Form D fundraising filings

Tailwater Fund V SMA LP

Fund administrator STANDISH MANAGEMENT, LLC DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor WEAVER AND TIDWELL, LLP DALLAS, Texas, United States
Custodian PEGASUS BANK N.A. DALLAS, Texas, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

WEAVER AND TIDWELL, LLP
PCAOB 410

Fund details & source
Fund ID
805-3203930683
Reported beneficial owners
2
Minimum commitment
$0
Form D file number
021-559368

Form ADV 2107226 · Jun 12, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TAILWATER INFRASTRUCTURE CV I LPPrivate Equity Fund · Last reported Jun 12, 2026$400MGross asset value

Form D fundraising filings

Tailwater Infrastructure CV I LP

Fund administrator STANDISH MANAGEMENT, LLC DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor WEAVER AND TIDWELL, LLP DALLAS, Texas, United States
Custodian PEGASUS BANK N.A. DALLAS, Texas, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

WEAVER AND TIDWELL, LLP
PCAOB 410

Fund details & source
Fund ID
805-7412404002
Reported beneficial owners
19
Minimum commitment
$0
Form D file number
021-558086

Form ADV 2107226 · Jun 12, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TW WTG/CURETON II HOLDCO, LPPrivate Equity Fund · Last reported Jun 12, 2026$294MGross asset value

Form D fundraising filings

TW WTG/Cureton II HoldCo, LP

Fund administrator STANDISH MANAGEMENT, LLC DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor WEAVER AND TIDWELL, LLP DALLAS, Texas, United States
Custodian PEGASUS BANK N.A. DALLAS, Texas, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

WEAVER AND TIDWELL, LLP
PCAOB 410

Fund details & source
Fund ID
805-7279066896
Reported beneficial owners
3
Minimum commitment
$0
Form D file number
021-525378

Form ADV 2107226 · Jun 12, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TAILWATER ENERGY FUND II LPPrivate Equity Fund · Last reported Jun 12, 2026$276MGross asset value

Form D fundraising filings

Tailwater Energy Fund II LP

Fund administrator STANDISH MANAGEMENT, LLC DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor WEAVER AND TIDWELL, LLP DALLAS, Texas, United States
Custodian PEGASUS BANK N.A. DALLAS, Texas, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

WEAVER AND TIDWELL, LLP
PCAOB 410

Fund details & source
Fund ID
805-9177725817
Reported beneficial owners
105
Minimum commitment
$5M
Form D file number
021-210778

Form ADV 2107226 · Jun 12, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TAILWATER E&P SPV LPPrivate Equity Fund · Last reported Jun 12, 2026$275MGross asset value

Form D fundraising filings

TAILWATER E&P SPV LP

Fund administrator STANDISH MANAGEMENT, LLC DALLAS, Texas, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor WEAVER AND TIDWELL, LLP DALLAS, Texas, United States
Custodian PEGASUS BANK N.A. DALLAS, Texas, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

WEAVER AND TIDWELL, LLP
PCAOB 410

Fund details & source
Fund ID
805-9917599536
Reported beneficial owners
35
Minimum commitment
$0
Form D file number
021-521477

Form ADV 2107226 · Jun 12, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Jun 12, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

4020 MAPLE AVENUE, SUITE 200
DALLAS, TX, 75219, United States

CRD 167240

Filing source

Form ADV 2107226 · Jun 12, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.