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Private equityFirmbuyout · probablelower middle market

Tenaska Capital Management, LLC

Private Equity

Omaha, NE

This is the graph view. The full profile, with its team, deals and sources, is on Private Equity.Open the full profile →

Search this name across graphsid dfx:pe:0deb7617-01f9-48a1-a02f-cff898756092

Data as of Sep 18, 2026 (this record's last observation) from federal regulator filings, firm and issuer disclosures. Page built Sep 19, 2026, 10:12 AM UTC and rebuilt at most every 15 minutes.

Relationships: 51
Dated events: 32
On other graphs: 2
Observed: Sep 13, 2026 to Sep 18, 2026
23 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

RIA / Wealth Managementidentity

TENASKA CAPITAL MANAGEMENT, LLC

Registered adviser · cited, shared crd

Allocatorsidentity

Tenaska Capital Management, LLC

Manager with allocator commitments · cited, shared crd

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Funds: 8
PE funds: 8
PE GAV, 2024 filing: $39.9Mgross asset value on Form ADV; never dry powder
Investments: 20
Active investments: 1
Size band: LOWER MIDDLE MARKETderivedproxy: $0.04bn Private Equity Fund GAV on the Form ADV filed 2024-03-27
Stated sectors: energy
Latest ADV filing: Mar 27, 2024
Website: tenaskacapital.com

Funds

Fund	Vintage	Lifecycle	ADV type	Form D sold	GAV
Tenaska Power Fund, L.P.	n/a	Wound down	Private Equity Fund	n/a	$0
Calumet Co-Investment Fund, L.P.	n/a	Wound down	Private Equity Fund	n/a	$30,000
TPF Genco Co-Investment Fund, L.P.	n/a	Wound down	Private Equity Fund	n/a	$0
TPF Ii-B, L.P.	n/a	Mature	Private Equity Fund	n/a	$4.1M
TPF Ii-B Covert Co-Investment Fund, L.P.	n/a	Wound down	Private Equity Fund	n/a	$0
TPF II, L.P.	n/a	Mature	Private Equity Fund	n/a	$31.1M
TPF Ii-A, L.P.	n/a	Mature	Private Equity Fund	n/a	$4.7M
TPF II Covert Co-Investment Fund, L.P.	n/a	Wound down	Private Equity Fund	n/a	$0

Investments

Company	State	Role	Control	Invested	Exited	Status
TGGT Midstream	n/a	Add on	control	Nov 18, 2013	n/a	active
US Power Generating	n/a	platform	control	Jan 1, 2013	Jan 1, 2015	exited
New Covert Generating	n/a	unknown	unknown	Jan 1, 2008	Jan 1, 2015	exited
Rolling Hills Generating	n/a	unknown	unknown	Jan 1, 2008	Jan 1, 2015	exited
Armstrong Energy	n/a	unknown	unknown	Jan 1, 2007	Jan 1, 2008	exited
Crete Energy	n/a	unknown	unknown	Jan 1, 2007	Jan 1, 2015	exited
Lincoln Generating	n/a	unknown	unknown	Jan 1, 2007	Jan 1, 2015	exited
Pleasants Energy	n/a	unknown	unknown	Jan 1, 2007	Jan 1, 2008	exited
Troy Energy	n/a	unknown	unknown	Jan 1, 2007	Jan 1, 2008	exited
Big Sandy Peaker	n/a	unknown	unknown	Jan 1, 2006	Jan 1, 2016	exited
High Desert Power	n/a	unknown	unknown	Jan 1, 2006	Jan 1, 2016	exited
Holland Energy	n/a	unknown	unknown	Jan 1, 2006	Jan 1, 2009	exited
Rio Nogales Power	n/a	unknown	unknown	Jan 1, 2006	Jan 1, 2012	exited
University Park Energy	n/a	unknown	unknown	Jan 1, 2006	Jan 1, 2011	exited
Wolf Hills Energy	n/a	unknown	unknown	Jan 1, 2006	Jan 1, 2016	exited
Caledonia Energy Partners	n/a	unknown	unknown	Jan 1, 2006	Jan 1, 2008	exited
Calumet Energy	n/a	unknown	unknown	Jan 1, 2005	Jan 1, 2008	exited
Commonwealth Chesapeake	n/a	unknown	unknown	Jan 1, 2005	Jan 1, 2008	exited
Frontier Gas Services	n/a	unknown	unknown	n/a	Jan 1, 2011	exited
Azure Midstream	n/a	platform	unknown	n/a	Jan 1, 2022	exited

LP commitments

Limited partner	Fund	Commitment	Committed	Vintage
Colorado Public Employees' Retirement Association	n/a	$10.0M	n/a	2010

Relationships

Invested in (20)

→ US Power GeneratingCompanyplatform
Dec 6, 2013 to Jan 1, 2015factNews and newswire, The subject's own site
→ Azure MidstreamCompanyplatform
… to Jan 1, 2022factNews and newswire, The subject's own site
→ TGGT MidstreamCompanyAdd on
Nov 18, 2013 to presentfactNews and newswire
→ Rolling Hills GeneratingCompanyunknown
Jan 1, 2008 to Jan 1, 2015factThe subject's own site
→ Armstrong EnergyCompanyunknown
Jan 1, 2007 to Jan 1, 2008factThe subject's own site
→ Big Sandy PeakerCompanyunknown
Jan 1, 2006 to Jan 1, 2016factThe subject's own site
→ Calumet EnergyCompanyunknown
Jan 1, 2005 to Jan 1, 2008factThe subject's own site
→ Commonwealth ChesapeakeCompanyunknown
Jan 1, 2005 to Jan 1, 2008factThe subject's own site
→ Crete EnergyCompanyunknown
Jan 1, 2007 to Jan 1, 2015factThe subject's own site
→ High Desert PowerCompanyunknown
Jan 1, 2006 to Jan 1, 2016factThe subject's own site
→ Holland EnergyCompanyunknown
Jan 1, 2006 to Jan 1, 2009factThe subject's own site
→ Lincoln GeneratingCompanyunknown
Jan 1, 2007 to Jan 1, 2015factThe subject's own site
→ New Covert GeneratingCompanyunknown
Jan 1, 2008 to Jan 1, 2015factThe subject's own site
→ Pleasants EnergyCompanyunknown
Jan 1, 2007 to Jan 1, 2008factThe subject's own site
→ Rio Nogales PowerCompanyunknown
Jan 1, 2006 to Jan 1, 2012factThe subject's own site
→ Troy EnergyCompanyunknown
Jan 1, 2007 to Jan 1, 2008factThe subject's own site
→ University Park EnergyCompanyunknown
Jan 1, 2006 to Jan 1, 2011factThe subject's own site
→ Wolf Hills EnergyCompanyunknown
Jan 1, 2006 to Jan 1, 2016factThe subject's own site
→ Caledonia Energy PartnersCompanyunknown
Jan 1, 2006 to Jan 1, 2008factThe subject's own site
→ Frontier Gas ServicesCompanyunknown
… to Jan 1, 2011factThe subject's own site

Employs (13)

→ Dan LonerganPersonCEO and senior managing director
factNews and newswire
→ John O’SheaPersonmanaging director
factNews and newswire
→ Ryan Todd SchroerPersonBoard Of Managers, Cfo, Senior Vice President And Secretary
Mar 1, 2011 to presentfactForm ADV, The subject's own site
→ Paul Gerard SmithPersonBoard Of Managers And Senior Managing Director
Jun 1, 2003 to presentfactForm ADV, The subject's own site
→ JAY Michael FrisbiePersonBoard Of Managers, Senior Vice President And Managing Director
Feb 1, 2019 to Mar 27, 2024inferenceForm ADV, The subject's own site
→ Christopher Allen LeitnerPersonBoard Of Managers, Ceo, President And Managing Director
Feb 1, 2019 to presentfactForm ADV, The subject's own site
→ Drew Justin FossumPersonBoard Of Managers, Senior Vice President And General Counsel
Feb 1, 2019 to presentfactForm ADV
→ Jerry Kent CrousePersonBoard Of Managers, Executive Vice President
Mar 1, 2011 to presentfactForm ADV
→ Howard Lee HawksPersonShareholder
Apr 1, 2003 to presentfactForm ADV
→ Alan Bernard LevandePersonSenior Managing Director And Senior Vice President
Jun 1, 2003 to Jun 27, 2012inferenceForm ADV
→ Daniel Edward LonerganPersonBoard Of Managers, Ceo And Senior Managing Director
Jun 1, 2003 to Mar 27, 2020inferenceForm ADV
→ Thomas Edward HendricksPersonBoard Of Managers, Executive Vice President And Vice Chairman
Jun 1, 2003 to Mar 28, 2019inferenceForm ADV
→ David Carter DickeyPersonChief Compliance Officer, Vice President & General Counsel
Dec 1, 2011 to Mar 28, 2019inferenceForm ADV

Lp of (1)

← Colorado Public Employees' Retirement AssociationLimited partnerprimary
factPlan disclosure

Manages (8)

→ TPF Ii-B, L.P.FundPrivate Equity Fund
Feb 13, 2012 to presentfactForm ADV
→ TPF Genco Co-Investment Fund, L.P.FundPrivate Equity Fund
Feb 13, 2012 to presentfactForm ADV
→ Tenaska Power Fund, L.P.FundPrivate Equity Fund
Feb 13, 2012 to presentfactForm ADV
→ TPF II, L.P.FundPrivate Equity Fund
Feb 13, 2012 to presentfactForm ADV
→ TPF II Covert Co-Investment Fund, L.P.FundPrivate Equity Fund
Feb 13, 2012 to presentfactForm ADV
→ TPF Ii-B Covert Co-Investment Fund, L.P.FundPrivate Equity Fund
Feb 13, 2012 to presentfactForm ADV
→ Calumet Co-Investment Fund, L.P.FundPrivate Equity Fund
Feb 13, 2012 to presentfactForm ADV
→ TPF Ii-A, L.P.FundPrivate Equity Fund
Feb 13, 2012 to presentfactForm ADV

Owns (3)

← Tenaska, Inc.FirmMember
Apr 1, 2003 to presentfactForm ADV
← Tenaska Energy Holdings, LLCFirmMember
Oct 1, 2010 to presentfactForm ADV
← Tenaska Energy, Inc.FirmShareholder
Apr 1, 2003 to presentfactForm ADV

Dated events

14 bookkeeping events (roster, classification and holdings changes) folded below

Occurred
Dec 31, 2025
LP commitment disclosed
Colorado Public Employees' Retirement Association reports Tenaska Power Fund II: $10,000,000 committed, vintage 2010, net IRR -0.6%
Colorado Public Employees' Retirement Association Plan disclosureobserved 5 days ago
$10.0M
Occurred
Mar 27, 2024
Person left
JAY Michael Frisbie (Board Of Managers, Senior Vice President And Managing Director) no longer on Schedule A of Tenaska Capital Management, LLC
Form ADVobserved 5 days ago
Occurred
Mar 27, 2020
Person left
Daniel Edward Lonergan (Board Of Managers, Ceo And Senior Managing Director) no longer on Schedule A of Tenaska Capital Management, LLC
Form ADVobserved 5 days ago
Occurred
Mar 28, 2019
Person left
Thomas Edward Hendricks (Board Of Managers, Executive Vice President And Vice Chairman) no longer on Schedule A of Tenaska Capital Management, LLC
Form ADVobserved 5 days ago
Occurred
Mar 28, 2019
Person left
David Carter Dickey (Chief Compliance Officer, Vice President & General Counsel) no longer on Schedule A of Tenaska Capital Management, LLC
Form ADVobserved 5 days ago
Occurred
Feb 1, 2019
Person joined
JAY Michael Frisbie joined Schedule A of Tenaska Capital Management, LLC as Board Of Managers, Senior Vice President And Managing Director
Form ADVobserved 5 days ago
Occurred
Feb 1, 2019
Person joined
Drew Justin Fossum joined Schedule A of Tenaska Capital Management, LLC as Senior Vice President, General Counsel And Assistant Secretary
Form ADVobserved 5 days ago
Occurred
Feb 1, 2019
Person joined
Christopher Allen Leitner joined Schedule A of Tenaska Capital Management, LLC as Board Of Managers, Senior Vice President And Managing Director
Form ADVobserved 5 days ago
Occurred
Apr 7, 2016
Firm news
TPF Genco – Generation Assets Sale
The subject's own siteobserved yesterday
Occurred
Feb 27, 2015
Firm news
Azure Midstream Energy, LLC Announces Completion of General Partnership Acquisition
The subject's own siteobserved yesterday
Occurred
Dec 6, 2013
Firm news
Tenaska Capital Management Announces Completion of US Power Generating Company Acquisition
The subject's own siteobserved yesterday
Occurred
Dec 6, 2013
Platform investment
Tenaska Capital Management Announces Completion of US Power Generating Company Acquisition
US Power Generating News and newswireobserved today
Occurred
Dec 6, 2013
Transaction announced
Tenaska Capital Management Announces Completion of US Power Generating Company Acquisition
News and newswireobserved today
Occurred
Nov 18, 2013
Firm news
Azure Midstream Completes Acquisition of TGGT Midstream from EXCO and BG
The subject's own siteobserved yesterday
Occurred
Nov 18, 2013
Transaction announced
Azure Midstream Completes Acquisition of TGGT Midstream from EXCO and BG
News and newswireobserved yesterday
Occurred
Nov 8, 2013
Firm news
Tenaska Capital Management, LLC Announces Lonergan Promotion
The subject's own siteobserved yesterday
Occurred
Jun 27, 2012
Person left
Alan Bernard Levande (Senior Managing Director And Senior Vice President) no longer on Schedule A of Tenaska Capital Management, LLC
Form ADVobserved 5 days ago
Occurred
Feb 13, 2012
Adviser first adv filing
Tenaska Capital Management, LLC first filed Form ADV in the extract (IA)
Form ADVobserved 5 days ago

Show 14 bookkeeping events

Occurred
Sep 1, 2026
Adviser CRD 160221 is not on the SEC registered or exempt adviser roster of 2026-09-01
Occurred
Mar 30, 2022
Fund 805-8063376641 no longer reported on Form ADV by Tenaska Capital Management, LLC
Occurred
Mar 30, 2022
Fund 805-9900581124 no longer reported on Form ADV by Tenaska Capital Management, LLC
Occurred
May 7, 2020
Fund 805-5790115110 no longer reported on Form ADV by Tenaska Capital Management, LLC
Occurred
May 7, 2020
Fund 805-9911252869 no longer reported on Form ADV by Tenaska Capital Management, LLC
Occurred
Mar 27, 2013
Fund 805-1131177376 no longer reported on Form ADV by Tenaska Capital Management, LLC
Occurred
Feb 13, 2012
TPF II Covert Co-Investment Fund, L.P. first reported on Form ADV by Tenaska Capital Management, LLC (Private Equity Fund), GAV $113,867,000
Occurred
Feb 13, 2012
TPF Ii-B, L.P. first reported on Form ADV by Tenaska Capital Management, LLC (Private Equity Fund), GAV $235,586,000
Occurred
Feb 13, 2012
TPF Ii-A, L.P. first reported on Form ADV by Tenaska Capital Management, LLC (Private Equity Fund), GAV $467,694,000
Occurred
Feb 13, 2012
TPF II, L.P. first reported on Form ADV by Tenaska Capital Management, LLC (Private Equity Fund), GAV $1,599,068,000
Occurred
Feb 13, 2012
TPF Genco Co-Investment Fund, L.P. first reported on Form ADV by Tenaska Capital Management, LLC (Private Equity Fund), GAV $185,449,000
Occurred
Feb 13, 2012
Tenaska Power Fund, L.P. first reported on Form ADV by Tenaska Capital Management, LLC (Private Equity Fund), GAV $429,091,000
Occurred
Feb 13, 2012
Calumet Co-Investment Fund, L.P. first reported on Form ADV by Tenaska Capital Management, LLC (Private Equity Fund), GAV $30,000
Occurred
Feb 13, 2012
TPF Ii-B Covert Co-Investment Fund, L.P. first reported on Form ADV by Tenaska Capital Management, LLC (Private Equity Fund), GAV $92,734,000

Who to call

the organisation, the role and the published line, with the filing or website that published it; revealed to signed-in accounts

The firm's published line

Revealable: 1 business phone (Form ADV), 1 office address (Form ADV), 1 website (Form ADV), 1 work email (firm website) · as of 2026-09-17

Also named here, with no published line of their own (reach them through the firm): Dan Lonergan (CEO and senior managing director), John O’Shea (managing director), Ryan Todd Schroer (Board Of Managers, Cfo, Senior Vice President And Secretary), Paul Gerard Smith (Board Of Managers And Senior Managing Director), JAY Michael Frisbie (MANAGING DIRECTOR), Christopher Allen Leitner (Board Of Managers, Ceo, President And Managing Director), Drew Justin Fossum (Board Of Managers, Senior Vice President And General Counsel), Jerry Kent Crouse (Board Of Managers, Executive Vice President), Howard Lee Hawks (Shareholder).

Who to call is the organisation, the person's role and the line they published themselves: a business phone, office address, website or profile link from Form ADV, Form 13F or their own website, with that source named on every value. The counts above are what a reveal returns; a personal email is rarely published, so most reveals are the firm's line. Never data bought from a provider, never anything personal. Reveals by plan

Provenance

Graph: Private Equity
Canonical id: dfx:pe:0deb7617-01f9-48a1-a02f-cff898756092
First observed: Sep 13, 2026
Last observed: Sep 18, 2026 14 h ago
Source families: Federal regulator filings, Firm and issuer disclosures
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

Tenaska Capital Management, LLC

Private Equity

Omaha, NE

This is the graph view. The full profile, with its team, deals and sources, is on Private Equity.Open the full profile →

Search this name across graphsid dfx:pe:0deb7617-01f9-48a1-a02f-cff898756092

Data as of Sep 18, 2026 (this record's last observation) from federal regulator filings, firm and issuer disclosures. Page built Sep 19, 2026, 10:12 AM UTC and rebuilt at most every 15 minutes.

Fund

Vintage

Lifecycle

ADV type

Form D sold

GAV

LPs

Tenaska Power Fund, L.P.

n/a

Wound down

Private Equity Fund

n/a

Calumet Co-Investment Fund, L.P.

n/a

Wound down

Private Equity Fund

n/a

$30,000

TPF Genco Co-Investment Fund, L.P.

n/a

Wound down

Private Equity Fund

n/a

TPF Ii-B, L.P.

n/a

Mature

Private Equity Fund

n/a

$4.1M

TPF Ii-B Covert Co-Investment Fund, L.P.

n/a

Wound down

Private Equity Fund

n/a

TPF II, L.P.

n/a

Mature

Private Equity Fund

n/a

$31.1M

TPF Ii-A, L.P.

n/a

Mature

Private Equity Fund

n/a

$4.7M

TPF II Covert Co-Investment Fund, L.P.

n/a

Wound down

Private Equity Fund

n/a

Company

State

Role

Control

Invested

Exited

Status

TGGT Midstream

n/a

Add on

control

Nov 18, 2013

n/a

active

US Power Generating

n/a

platform

control

Jan 1, 2013

Jan 1, 2015

exited

New Covert Generating

n/a

unknown

Jan 1, 2008

Jan 1, 2015

exited

Rolling Hills Generating

n/a

unknown

Jan 1, 2008

Jan 1, 2015

exited

Armstrong Energy

n/a

unknown

Jan 1, 2007

Jan 1, 2008

exited

Crete Energy

n/a

unknown

Jan 1, 2007

Jan 1, 2015

exited

Lincoln Generating

n/a

unknown

Jan 1, 2007

Jan 1, 2015

exited

Pleasants Energy

n/a

unknown

Jan 1, 2007

Jan 1, 2008

exited

Troy Energy

n/a

unknown

Jan 1, 2007

Jan 1, 2008

exited

Big Sandy Peaker

n/a

unknown

Jan 1, 2006

Jan 1, 2016

exited

High Desert Power

n/a

unknown

Jan 1, 2006

Jan 1, 2016

exited

Holland Energy

n/a

unknown

Jan 1, 2006

Jan 1, 2009

exited

Rio Nogales Power

n/a

unknown

Jan 1, 2006

Jan 1, 2012

exited

University Park Energy

n/a

unknown

Jan 1, 2006

Jan 1, 2011

exited

Wolf Hills Energy

n/a

unknown

Jan 1, 2006

Jan 1, 2016

exited

Caledonia Energy Partners

n/a

unknown

Jan 1, 2006

Jan 1, 2008

exited

Calumet Energy

n/a

unknown

Jan 1, 2005

Jan 1, 2008

exited

Commonwealth Chesapeake

n/a

unknown

Jan 1, 2005

Jan 1, 2008

exited

Frontier Gas Services

n/a

unknown

n/a

Jan 1, 2011

exited

Azure Midstream

n/a

platform

unknown

n/a

Jan 1, 2022

exited

Limited partner

Fund

Commitment

Committed

Vintage

Colorado Public Employees' Retirement Association

n/a

$10.0M

n/a

2010