About Tortoise

Tortoise invests in essential assets – those assets and services that are indispensable to the economy and society. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities.

What we do

  • Invest in assets and services that serve essential needs in society
  • They also serve needs in clients’ portfolios such as diversification and income

How we do it

  • Provide debt and equity capital to entities we believe are essential to the economy
  • Invest through public securities as well as private equity and credit
  • Offer a wide range of client solutions through a variety of investment vehicles

Why we do it

  • We are purpose-driven investors and fiduciaries
  • Essential assets are nondisplaceable
  • Income is necessary

How we do it differently

  • Assess risk first, opportunity second
  • Debate, there is no star system
  • Hire really well and align economic incentives

Essential Assets

Energy Infrastructure

  • Pipeline companies
  • Midstream MLPs
  • Gathering and processing

Learn more

Sustainable Infrastructure

  • Wind
  • Solar
  • Water

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Social Infrastructure

  • Education
  • Housing
  • Healthcare

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Digital Infrastructure

  • Electronic transaction companies
  • Innovative transaction solutions
  • Cloud companies

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$21.2 Billion

Approximate assets under management

2002

Founded

186

Employees

6

Locations

as of 3/31/2019

Our History

December 2002

Tortoise Founded

Investments in the first MLP direct placement through private investments in MarkWest Energy Partners, L.P.

January 2003

Separately Managed Accounts

Began accepting separately managed accounts in 2003.

December 2003

Invested in Direct Placement

Invested in direct placement through private partnership investments in Inergy, L.P.

February 2004

Launched First Listed MLP Fund - TYG

Launched first listed MLP Fund, Tortoise Energy Infrastructure Corp. (NYSE: TYG) through $315 million initial public offering.

December 2004

Completed Decade's First Closed-End Fund

Completed decade's first closed-end fund following on offering through TYG.

May 2005

Launched Tortoise Energy Capital Corp.

Launched Tortoise Energy Capital Corp. (NYSE: TYY) through $395 million initial public offering.

October 2005

Launched Tortoise North American Energy Corp.

Launched Tortoise North American Energy Corp. (NYSE: TYN) through $115 million initial public offering.

January 2006

Initiation of Coverage for Tortoise Closed-End Funds

Tortoise closed-end funds gain recognition in the market with the initiation of coverage by several sell-side investment analysts.

January 2007

New World Headquarters

Tortoise moved to new world headquarters from 2007 to 2008.

July 2009

Launched Tortoise Power & Energy Infrastructure Fund, Inc.

Launched Tortoise Power & Energy Infrastructure Fund, Inc. (NYSE: TPZ) through $137 million initial public offering.

September 2009

Management Buyout with Mariner Holdings

Management buyout with Mariner Holdings provides mission and capital to pursue long-term growth strategy.

July 2010

Launched Tortoise MLP Fund, Inc.

Launched Tortoise MLP Fund, Inc. (NYSE: NTG) through $1.1 billion initial public offering.

May 2011

Mutual Fund Business

Launched mutual fund business.

October 2011

Launched Tortoise Pipeline & Energy Fund, Inc.

Launched Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) through $250 million initial public offering.

July 2012

Launched Tortoise Energy Independence Fund, Inc.

Launched Tortoise Energy Independence Fund, Inc. (NYSE: NDP) through $325 million initial public offering.

April 2013

Mutual Fund Launched

Launched an additional mutual fund.

July 2013

Best Places to Work

Recognized by Kansas City Business Journal as one of the area's "Best Places to Work".

September 2013

Mutual Fund Launched

Launched an additional mutual fund.

December 2014

Best Place to Work in Money Management

Recognized by Pension & Investments' 2014 Best Places to Work in Money Management.

February 2015

Best Places to Work

Recognized by Kansas City Business Journal as 2015 Best Places to Work.

February 2015

Best Places to Work in Money Management

Recognized by Pension & Investments as 2015 Best Places to Work.

July 2016

Best Places to Work

Recognized by Kansas City Business Journal as one of the area's "Best Places to Work".

October 2017

Best Places to Work

Recognized by Kansas City Business Journal as one of the area's "Best Places to Work".

December 2017

Best Places to Work in Money Management

Recognized by Pension & Investments' 2017 Best Places to Work in Money Management.

October 2018

Best Places to Work

Recognized by Kansas City Business Journal as one of the area's "Best Places to Work".

December 2018

Best Places to Work in Money Management

Recognized by Pension & Investments' 2018 Best Places to Work in Money Management.

December 2002
January 2003
December 2003
February 2004
December 2004
May 2005
October 2005
January 2006
January 2007
July 2009
September 2009
July 2010
May 2011
October 2011
July 2012
April 2013
July 2013
September 2013
December 2014
February 2015
February 2015
July 2016
October 2017
December 2017
October 2018
December 2018