Cresta Fund Management Launches New Investment Vehicle for Sentinel Midstream's Growth Strategy
Cresta Fund Management's Strategic Investment in Sentinel Midstream
On September 3, 2025, Cresta Fund Management LLC, a Dallas-based private equity firm, declared the successful establishment of a new investment vehicle designed to bolster Sentinel Midstream's Enercoast platform. This move comes as part of Cresta's ongoing commitment to the energy infrastructure sector, particularly in the Gulf Coast region.
The newly formed investment vehicle, which is managed by Cresta and supported by Endurance Investment Partners, aims to provide liquidity for existing investors while allowing Cresta to maintain its role as a long-term partner in Sentinel’s growth initiatives. The partnership is expected to strengthen the platform’s capabilities and operational reach.
Sentinel Midstream operates through its Enercoast Midstream subsidiary, which is responsible for vital last-mile infrastructure connecting major terminals on the Gulf Coast to leading refineries and export facilities globally. Since Cresta's initial investment in Enercoast back in 2021, the subsidiary has successfully secured controlling interests in two joint ventures located in Texas and Louisiana, establishing itself as a key player in safe and efficient operations.
Wade Webber, Managing Director at Cresta, highlighted the strategic importance of this transaction, stating, “Enercoast's success showcases not only the strength of its assets but also the quality of partnerships and the capabilities of the Sentinel management team.” This sentiment underscores Cresta’s dedication to enhancing the Gulf Coast's infrastructure, essential for the future of the United States' energy landscape.
John Spradling, a partner at Endurance, expressed his enthusiasm about this collaboration, emphasizing gratitude for investors' support and a shared commitment to Sentinel's growth.
Jeff Ballard, CEO of Sentinel, also voiced optimism about the partnership, stressing the mutual vision for the future. He stated, “Sentinel is well positioned to accelerate its strategic development and capitalize on midstream opportunities along the Gulf Coast.”
Cresta Fund Management's objective with this investment is to leverage its extensive experience in managing energy infrastructure and to enhance its portfolio with robust midstream assets. The firm, which manages approximately $1.6 billion in assets, is known for prioritizing investments in both sustainable and traditional energy sectors.
This latest transaction illustrates how Cresta plans to further invest in essential energy infrastructure that has proven to be resilient and strategically placed, contributing positively to the industry's future.
Legal counsel for the deal was provided by Kirkland & Ellis LLP and Vinson & Elkins LLP.
About Cresta Fund Management
Cresta Fund Management is a private equity firm headquartered in Dallas that focuses on growth equity investments in energy infrastructure solutions for various sectors, including logistics and agriculture.
About Endurance Investment Partners
Endurance Investment Partners offers strategic liquidity solutions to energy and infrastructure sponsors, helping them maximize asset values over extended durations.
About Sentinel Midstream
Headquartered in Dallas, Texas, Sentinel Midstream specializes in the ownership and operation of crude oil pipelines along the Gulf Coast, providing essential access to refiners and export docks.
Topics Business Technology）
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