other names
{{ Info.Overview }}
Revenue {{ Info.Revenue | formatUSD }}
Headquarters {{ Info.Headquarters }}

Adviser Profile

As of Date 03/30/2024
Adviser Type - Large advisory firm
Number of Employees 34 -2.86%
of those in investment advisory functions 24 -4.00%
Registration SEC, Approved, 3/30/2012
AUM* 3,905,583,288 6.46%
of that, discretionary 3,905,583,288 6.46%
Private Fund GAV* 3,905,583,288 6.45%
Avg Account Size 195,279,164 1.14%
SMA’s No
Private Funds 18 1
Contact Info 212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
4B 3B 3B 2B 2B 1B 567M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count18 GAV$3,905,583,288

Similar advisers

Adviser Hedge Fund Liquidity Fund Private Equity Fund Real Estate Fund Securitized Asset Fund Venture Capital Fund Other Fund Total Private Fund GAV AUM #Funds
Adviser BRENTWOOD PRIVATE EQUITY, LLC Hedge Fund- Liquidity Fund- Private Equity Fund3.3b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV3.3b AUM3.8b #Funds22
Adviser TINICUM INCORPORATED Hedge Fund- Liquidity Fund- Private Equity Fund3.6b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV3.6b AUM3.6b #Funds4
Adviser MIDOCEAN US ADVISOR, L.P. Hedge Fund- Liquidity Fund- Private Equity Fund2.5b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV2.5b AUM3.7b #Funds9
Adviser SEIDLER KUTSENDA MANAGEMENT COMPANY, LLC Hedge Fund- Liquidity Fund- Private Equity Fund4.7b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV4.7b AUM5.1b #Funds15
Adviser BBAM US LP Hedge Fund- Liquidity Fund- Private Equity Fund4.9b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV4.9b AUM3.4b #Funds8
Adviser CHICAGO PACIFIC FOUNDERS Hedge Fund- Liquidity Fund- Private Equity Fund4.5b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV4.5b AUM4.0b #Funds19
Adviser MORGAN STANLEY PRIVATE EQUITY ASIA, INC. Hedge Fund- Liquidity Fund- Private Equity Fund3.2b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV3.2b AUM3.0b #Funds10
Adviser FIVE POINT ENERGY LLC Hedge Fund- Liquidity Fund- Private Equity Fund5.3b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV5.3b AUM5.3b #Funds11
Adviser RUBICON TECHNOLOGY MANAGEMENT L.L.C. Hedge Fund- Liquidity Fund- Private Equity Fund4.0b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV4.0b AUM4.0b #Funds11
Adviser STARR PRIVATE EQUITY PARTNERS, LLC Hedge Fund- Liquidity Fund- Private Equity Fund3.1b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV3.1b AUM3.8b #Funds20

Brochure Summary

Overview

Tailwind is a private equity firm formed under Delaware law as a limited partnership. Headquartered in New York City, the firm is led by its eleven partners, including managing partners Lawrence Sorrel and Jeffrey Calhoun. The partners collectively average two decades of private equity experience. Tailwind was established in 2007. Tailwind serves as an investment manager and provides investment advisory services to private investment partnerships. Currently, this includes Tailwind Capital Partners II, L.P. and its parallel funds (the “Tailwind II Funds”), Tailwind Capital Partners III, L.P., its parallel and feeder funds and an alternative investment vehicle (the “Tailwind III Funds”) and Tailwind Capital Partners IV, L.P. and its parallel funds (the “Tailwind IV Funds”) and together with the Tailwind II Funds and the Tailwind III Funds and certain Co-Investment Funds (defined below) referred to below, each a “Fund” and collectively the “Funds”). The Tailwind II Funds, the Tailwind III Funds and Tailwind IV Funds primarily make control investments in North American based, lower middle-market companies with a focus on subsectors within the Infrastructure Services, Supply Chain and IT Services industries. As of December 31, 2023 the Tailwind IV Funds have not commenced investment activity. Within these subsectors, the Funds generally target companies that have an asset-light, services business model with the potential to be transformed through Tailwind’s operationally intensive value creation process. Typically, Tailwind acquires companies that have enterprise values between $100 and $300 million that require equity investments between $50 million and $150 million, although certain transactions may be below or exceed these amounts. Tailwind pursues a Buy and Build investment strategy, which is designed to build platforms that actively acquire and integrate smaller businesses. To accomplish this, Tailwind invests in in-house corporate development resources, portfolio leadership, technology infrastructure and other foundational processes which are designed to enable a more rapid scaling and integration of smaller accretive add-ons. Tailwind believes this Buy and Build strategy has two key benefits: (i) blending down the platform entry multiple and (ii) enabling companies to accelerate growth and scale faster than possible through organic growth alone. To support its Buy and Build investment strategy, Tailwind prioritizes four distinct value creation levers: (i) Foundational, (ii) Talent, (iii) Technology and (iv) M&A. Tailwind seeks to transform these businesses into larger companies with sufficient scale to be desirable acquisition targets for both corporate and financial buyers. Tailwind had previously pursued investments in healthcare companies, and Tailwind Capital Partners, L.P. (which is now dissolved) had ancillary strategies of investing in development stage companies and transactions involving complex carveouts, which included healthcare companies, along with companies in the financial services and emerging telecom sectors, but has ceased making new platform investments in these strategies (collective, the “Discontinued Strategies”). For further information
about Tailwind’s investment strategy, including a description of how Tailwind seeks to transform the Funds’ portfolio companies, see “Methods of Analysis, Investment Strategies and Risk of Loss” below. Tailwind has established several co-investment vehicles (each, a “Co-Investment Fund” and collectively, the “Co-Investment Funds”), which are, to the extent available and at the discretion of Tailwind, offered co-investment opportunities alongside the Funds. The existence of such multiple vehicles and accounts creates potential conflicts of interest. See “Methods of Analysis, Investment Strategies and Risk of Loss” below. Tailwind Capital Partners II (GP) LP serves as the general partner of the Tailwind II Funds, Tailwind Capital Partners III (GP) LP serves as the general partner of the Tailwind III Funds and Tailwind Capital Partners IV (GP) LP serves as a general partner of the Tailwind IV Funds. Tailwind Capital Partners II (GP) LP, Tailwind Capital Partners III (GP) LP, Tailwind Capital Partners IV (GP) LP, Tailwind Co-Invest (GP) LLC and Tailwind Co-Invest III (GP) LLC (collectively, the “Related Advisors”) are affiliated advisers of Tailwind and each entity relies upon Tailwind’s registration with the SEC. This brochure also describes the business practices of the Related Advisors, which operate as a single advisory business together with Tailwind, and, as such, references herein to Tailwind shall, as the context requires, include the applicable Related Advisors. For further information regarding these entities, see “Other Financial Industry Activities and Affiliations” below. As of December 31, 2023, Tailwind and its Related Advisors managed approximately $3.9 billion on a discretionary basis on behalf of the Funds. In providing services to the Funds, Tailwind executes the investment objective for each Fund, directs and manages the investment of each Fund’s assets and provides periodic reports to investors in each Fund. Investment advice is provided directly to each Fund and not individually to the Funds’ investors. Tailwind manages the assets of each Fund in accordance with the terms of the governing documents applicable to each Fund, which are generally established at the time of the formation of a Fund. The investors cannot direct investments by the Funds and, except in limited circumstances, investors are not permitted to withdraw from a Fund prior to completion of the Fund’s winding up. Tailwind, together with its affiliated entities, raised capital through a minority passive investment from Investcorp’s Strategic Capital Group. The capital raised will be used to support Tailwind’s continued growth and to increase Tailwind’s general partner commitment in the Tailwind IV Funds and future funds. Limited partner interests in the Funds are not registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and the Funds are not registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”). Accordingly, interests in the Funds are offered and sold exclusively to investors satisfying the applicable eligibility and suitability requirements either in private transactions within the United States or in offshore jurisdictions.