In this Waypoint Energy 2026 Fund webinar, Tait Duryea is joined by Mark Fleming and the Turbine Capital team to introduce Turbine’s new private energy vertical. They cover why oil and gas remain essential, how U.S. shale changed the global energy landscape, and why non-operative working interests may offer a compelling blend of diversification, cash flow, and tax advantages for high-income professionals. 

The discussion also walks through fund structure, diligence, share classes, GP versus LP titling, expected deployment timelines, and common investor questions around risk, capital calls, production delays, and exit strategy.

They discuss:

(0:00) Launching Waypoint Energy 2026
(2:26) Mark Fleming’s oil and gas background
(3:00) Why oil and gas still matter
(9:41) How shale changed U.S. energy
(12:47) Natural gas and LNG exports
(17:12) Why non-op working interests work
(21:07) How Waypoint evaluates deals
(27:22) The 2026 fund structure
(34:48) Tax benefits for W-2 earners
(41:30) Share classes and early discounts
(43:19) GP versus LP tax treatment
(46:12) Investor questions on distributions
(50:28) Exit strategy and tax recapture
(52:24) Capital calls and risk mitigation
(67:29) When cash flow may begin
(69:23) Waypoint versus Iron Horse

Links & Resources:

• Turbine Capital Events Calendar: https://www.turbinecap.com/calendar
• Waypoint Energy Deal Room: https://www.turbinecap.com/waypointenergy
• Investor questions, KYC, subscription documents, or accreditation support: [email protected]

Turbine Capital Private Podcast:
Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415d
Apple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026

If you have any questions, please feel free to email [email protected].

Learn more about Turbine Capital:
Website: https://www.turbinecap.com
Facebook: https://www.facebook.com/turbinecap
Instagram: https://instagram.com/turbinecapital

The information discussed in this episode is for informational and educational purposes only and should not be considered investment, tax, or legal advice. Nothing discussed in this episode constitutes an offer to sell or a solicitation of an offer to buy any securities. Any opinions expressed are those of the participants at the time of recording and are subject to change without notice. Investments discussed may not be suitable for all investors and involve risk, including the potential loss of principal. Past performance is not indicative of future results. Prospective investors should review all applicable offering documents and consult with their own financial, tax, and legal advisors before making any investment decision.