Outfitter Energy Capital is a Houston-based private equity group focused on lower, middle-market investment opportunities in the energy industry. Outfitter targets control investments primarily across the North American onshore upstream and midstream sectors of the oil and gas industry. Investments in this segment offer the potential for attractive returns, but require a high level of experience and expertise to uncover and manage. With individual experiences spanning decades in the business, and a shared history of over fifteen years together as a team investing in this space, we have built a track record and reputation that makes Outfitter an attractive partner for both investors and entrepreneurs. 

History & Principles

The Outfitter principals were the founding members and managers of TPH Partners, the legacy private equity business of energy investment bank Tudor, Pickering, Holt & Co.  Outfitter was formed in December 2016, and the team continues to manage the predecessor TPH Partners funds today along with the first Outfitter fund established in September 2022. ​

Outfitter firmly believes the relationship with its management teams is a key driver of value creation and seeks to partner with motivated and skilled people.  The “right team” possesses local knowledge of its target operations area and a mix of experience, judgment and skill sets to prosecute its business plan.  And of course, high moral character and excellent alignment are bedrocks in our decision to create a partnership.

We understand that management teams must choose to partner with us as well.  Outfitter strives to be a value-added partner, not just a checkbook, by leveraging our relationships, industry knowledge, and commercial and financial skills to facilitate a successful outcome for all.  We believe that a collaborative partnership is a powerful determinant in creating value together.