Cresta Closes a New Investment Vehicle to Support the Growth of Sentinel Midstream's Enercoast Platform
News provided by
Cresta Fund Management LLC Sep 03, 2025, 09:00 ET
DALLAS, Sept. 3, 2025 /PRNewswire/ -- Cresta Fund Management LLC (
Cresta), a Dallas-based private equity firm that invests in energy infrastructure, today announced the completion of a new investment vehicle for Sentinel Midstream (
Sentinel), a liquids pipeline platform across the Gulf Coast. The new vehicle, managed by Cresta and backed by investor Endurance Investment Partners (
Endurance), will provide liquidity to existing investors while enabling Cresta to remain a long-term partner in Sentinel's growth strategy.
Through its Enercoast Midstream subsidiary (Enercoast), Sentinel owns and operates critical last-mile infrastructure that connects major Gulf Coast terminals to world-class refineries and export facilities. Since Cresta's initial investment in Enercoast in 2021, Enercoast has acquired controlling interests in two joint ventures in Texas and Louisiana and has built a reputation for safe, efficient operations and strategic growth.
"Enercoast's success is a testament to the strength of its assets, the quality of its partnerships, and the capabilities of the Sentinel management team," said Wade Webber, Managing Director at Cresta. "This transaction underscores Cresta's dedication to investing in Gulf Coast infrastructure that sits at the heart of America's energy future."
"We are grateful to our investors for their trust and support, and we are proud to partner with Cresta, a leading energy infrastructure sponsor. We also want to recognize the Sentinel management team for building an outstanding platform. We are excited to be part of the next phase of growth and to support the continued success of the business," said John Spradling, Partner at Endurance.
"I'm excited to continue our partnership with Cresta and deeply value our shared vision for Sentinel's next chapter of growth. Sentinel is well positioned to accelerate its strategic development and capitalize on midstream opportunities along the Gulf Coast," said Jeff Ballard, CEO of Sentinel.
For Cresta, the transaction reflects the firm's experience in acquiring, developing, and operating essential energy infrastructure. With a history of investments across the energy value chain, Cresta views Sentinel's next stage as an opportunity to leverage that expertise in advancing resilient and strategically positioned midstream assets.
Kirkland & Ellis LLP and Vinson & Elkins LLP served as legal counsel on the transaction.
About Cresta Fund Management
Cresta Fund Management (Cresta) is a Dallas-based private equity firm providing growth equity for sustainable and conventional energy infrastructure solutions for the industrial, logistics and agricultural sectors. With approximately $1.6 billion of assets under management, Cresta is led by an operations-focused team with decades of experience in the energy and infrastructure industries. For more information, please visit
crestafunds.com.
About Endurance Investment Partners
Endurance Investment Partners (EIP) is a private equity firm based in Dallas, Texas. The firm seeks to provide strategic liquidity solutions to leading energy and infrastructure sponsors and management teams to extend duration and maximize the value of private assets. For more information, please visit
www.enduranceip.com.
About Sentinel Midstream
Sentinel, headquartered in Dallas, Texas, owns and operates crude oil pipelines along the Texas and Louisiana Gulf Coast providing direct refining and export dock access.
Contact
Jessica Groshek
Cresta Fund Management
External.Affairs@crestafunds.com(945) 468-6564
SOURCE Cresta Fund Management LLC
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