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Tortoise Capital Closes $1 Billion IPO

Client Success


Tortoise Capital Advisors sought our counsel in the initial public offering of a closed-end fund, Tortoise MLP Fund Inc. Moving quickly to capitalize on a market opportunity, Tortoise used the taxable closed-end fund structure that we worked with it to create in 2003 and closed one of the first IPOs in excess of $1 billion since 2008.


The completed offering resulted in Tortoise Capital solidifying relationships with Wall Street’s largest investment banks and reconfirming the status of Tortoise Capital as a pre-eminent advisor in the growing energy infrastructure sector.