Company Overview
Tortoise Capital Advisors, LLC was founded in 2002 by an experienced team of investment professionals to provide energy infrastructure MLP investment management services to individual and institutional investors.
Our professionals pioneered and refined a distinct strategy of investing primarily in diverse midstream oil and gas pipeline companies that charge a service fee to transport energy products from production points to end users.
Our MLP investments offer stockholders low commodity risk, a high level of total return with an emphasis on reliable distributions. More on MLPs.
We manage six publicly-traded closed-end funds, an open-end fund, a listed company that invests in real assets and separate accounts. Our six publicly-traded companies are:
- Tortoise Energy Infrastructure Corp. (NYSE: TYG);
- Tortoise Energy Capital Corp. ( NYSE: TYY);
- Tortoise North American Energy Corp. (NYSE: TYN);
- Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ); and
- Tortoise MLP Fund, Inc. (NYSE: NTG)
- Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP)
Our Investment Objectives [ top ]
Our "yield, growth and quality" objectives determine every investment decision we make.
We further diversify our investments among issuers, geographies and energy commodities to achieve a stable distribution yield that performs competitively when compared to other business models with similar risk characteristics.
As of December 31, 2010, the managing directors of Tortoise Capital Advisors and Tortoise company directors had approximately $6.9 million invested in Tortoise investment companies.
Company Structure [ top ]
Tortoise Capital Advisors, L.L.C. is managed by its five managing directors and is wholly-owned by Tortoise Holdings, LLC. Mariner Holdings, LLC, through its wholly-owned subsidiary, Montage Investments, LLC, owns approximately 65% of Tortoise Holdings, LLC, with the remaining interest held by Tortoise's five managing directors and certain other senior Tortoise employees.
Trademark Notice: Any trademarks, logos and service marks ("Marks") displayed on this Web Site are the property of Tortoise Capital Advisors, LLC or other third parties. You are not permitted to use the Marks without prior written consent of Tortoise Capital Advisors or such third party which may own the Marks.
Past Performance: Past performance is no guarantee of future results. You can purchase or sell common shares daily. Like any other stock, share price will fluctuate with the market. Upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment. Due to ongoing market volatility, performance is subject to substantial short-term fluctuations.
You should consider the investment objectives, risks, charges and expenses carefully before investing. For this and other important information, please refer to the closed-end fund prospectuses and read them carefully or call Tortoise Capital Advisors, LLC, the fund adviser, at (866) 362-9331 before investing.
Word about risk: Shares of closed-end funds frequently trade at a market price that is below their net asset value.
Leverage creates risks which may adversely affect return, including the likelihood of greater volatility of net asset value and market price of common shares; and fluctuations in distribution rates on any preferred shares.