Dallas, TX (October 28, 2015) – DealCloud, Inc. announced today that Dallas, Texas based Tailwater Capital has selected and implemented DealCloud’s deal management and investor relations solution to manage Tailwater’s deal sourcing, due diligence and investor relations processes.
Tailwater Capital is a sophisticated, growth-oriented private equity firm that invests exclusively in energy related deals in the Midstream and Upstream sectors. Tailwater Capital selected DealCloud because of the flexibility of the platform to customize for unique deal attributes that go along with Midstream and Upstream investments, as well as DealCloud’s ability to manage Tailwater’s complex relationships between deals, investors, funds, and partnerships.
Brian Blakeman, Chief Financial Officer at Tailwater Capital states, “The complexity of our legal structures and fundraising processes for deal-based Partnerships and our committed funds required a flexible software platform. DealCloud’s professional services team was able to dig into our business and configure the platform to model our processes, rather than forcing us to change the way we do business to meet prescribed processes dictated by a rigid software platform. We now have the ability to view our deals, investors, and partnerships in a variety of ways.”
The DealCloud implementation was accomplished over an 8-week timeframe. Rob Cummings, Co-Founder of DealCloud who also took an active role in the design of the Tailwater DealCloud system, said, ” Tailwater’s requirements are unique. We needed to configure a system that covered three critical areas of Tailwater’s business: deal management and execution, investor relations and fundraising, and legal reporting. The DealCloud platform is extremely flexible and we were able to deliver a customized system that met Tailwater’s objectives.”
About Tailwater Capital
Tailwater has a strong history of creating solutions-oriented, value-added partnerships with experienced management teams to invest growth equity capital in the energy sector. We believe that alignment of interest and a long-term partnership approach are two of the key components to creating a strong foundation for a successful investment. We target investments in the Midstream and Upstream sectors where we can utilize our significant transaction experience to complement our management partners’ operating expertise in a true “win/win” fashion. Tailwater currently manages $1.6 billion in equity capital, over $700 million of which is available for new investments. Tailwater is actively seeking new opportunities focused on acquiring and growing midstream assets as well as participating in non-operated upstream opportunities in select basins.
About DealCloud, Inc.
DealCloud is a pioneer in M&A Software. The Company was formed in 2010 by a team of former deal professionals with deep knowledge of the private capital markets. DealCloud has quickly emerged as a global leader in providing deal management, workflow, and technology solutions to all participants in the private capital markets, including private equity and growth capital firms, sell-side banks, publicly traded companies, and debt capital investors. We are well known for our client service and our team takes great pride in the delivery of our platform and the strength of our relationships with clients. At DealCloud, we understand the pace of deal execution and we are committed to working at the same cadence as our clients to deliver fast and accurate outcomes. Our team is fully committed to the success of our clients. For more information, visit www.intapp.com/dealcloud.