Tortoise Capital Advisors, the investment manager specializing in listed energy investing, has announced the launch of the Tortoise North American Energy Infrastructure Fund, an Undertaking for Collective Investment in Transferable Securities (UCITS) fund domiciled in Luxembourg. The fund invests in North American pipeline companies, including Master Limited Partnership (MLP)-related securities.
“The fund focuses on the large and diverse North American pipeline universe, providing access to the sizable pipeline network of one of the world’s largest producers and consumers of energy,” said Brent Newcomb, a Director at Tortoise. “We are pleased to make this strategy accessible to investors outside of the United States.”
The strategy for the Tortoise North American Energy Infrastructure Fund is based on Tortoise’s U.S. mutual fund, Tortoise MLP & Pipeline Fund, which was launched in 2011 and invests in MLPs and MLP-related securities. The UCITS fund offers institutional and retail share classes in three currencies, USD, EUR and CHF. Minimum investment levels for the fund are set at $2,500 for retail investors and $1,000,000 for institutional investors.
“We believe the current investment opportunity is particularly attractive given valuations, industry fundamentals and the industry growth trends,” added Tortoise Portfolio Manager Brian Kessens. “This growth potential starts with energy production leading to increased energy transportation needs, including exports of low cost energy from the United States to the rest of the world.”
Tortoise is a recognized leader in North American energy infrastructure investing, and one of the largest investment managers of U.S. registered energy infrastructure funds. The firm formed the first NYSE-listed closed-end fund focusing on MLPs in 2004 and has managed energy infrastructure investments across economic cycles and natural disasters. This fund expands upon Tortoise’s legacy of leadership and innovation in the sector.