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

Learn more

Social Infrastructure

  • Education
  • Housing
  • Healthcare

Learn more

$21.1 Billion

Approximate assets under management

2002

Founded

207

Employees

6

Locations

as of 10/31/2019

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.

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.

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 Midstream Energy Fund, Inc.

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

May 2011

Mutual Fund Business

Launched mutual fund business with flagship open end fund focusing on North American pipeline companies.

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.

September 2013

Mutual Fund Launched

Launched an additional mutual fund focusing on North American energy companies and beneficiaries.

June 2015

Passive Business

Launched passive business and exchange-traded fund focusing on North American pipeline companies.

July 2015

Water Strategy

Launched water strategy

June 2016

Launched Income Business

Launched income business through management buyout of Bradford & Marzec

December 2016

International business

Launched international business with first UCITS fund

February 2017

Launched Additional Exchange-Traded Fund

Launched an additional exchange-traded fund focusing on global water companies.

January 2018

Management Buyout with Lovell Minnick Partners

Management buyout with Lovell Minnick Partners to facilitate strategic growth

March 2018

Social Infrastructure Platform

Launched Social Infrastructure Platform and interval fund

March 2018

Clean Energy Business

Launched clean energy business

December 2018

Ecofin Limited Acquisition

Acquisition of London-based Ecofin Limited broadening essential assets client solutions

February 2019

Launched Additional Exchange-Traded Funds

Launched two additional exchange-traded funds focusing on global digital payments infrastructure and global cloud computing companies.

March 2019

Launched Tortoise Essential Assets Income Term Fund (NYSE: TEAF)

Launched Tortoise Essential Assets Income Term Fund (NYSE: TEAF) through $260 Million initial public offering

December 2002
January 2003
December 2003
February 2004
May 2005
October 2005
July 2009
September 2009
July 2010
May 2011
October 2011
July 2012
September 2013
June 2015
July 2015
June 2016
December 2016
February 2017
January 2018
March 2018
March 2018
December 2018
February 2019
March 2019