Palmer Square Capital Management, in partnership with Atlantic Asset Management and Montage Asset Management, today announced that its Palmer Square Emerging Manager, LP has provided $30 million of capital for a seed investment with Cypress Capital Management, a fundamentally-driven, long/short investment firm based in San Francisco, CA, primarily focused on the global consumer/retail and technology, media and telecommunications sectors. In addition to securing strategic investment capital, the relationship provides Cypress with access to the distribution channels of Atlantic and Montage.
Corridor Energy LLC (Corridor Energy) today announced its formation as an asset management company focused on real energy infrastructure assets. Corridor Energy plans to provide growth capital to finance energy infrastructure assets deployed in sectors such as electric power transmission and distribution, and natural gas and liquid transportation and storage facilities.
Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of September 30, 2010, the company's unaudited total assets were approximately $1.4 billion and its unaudited net asset value was $842.7 million, or $31.18 per share.
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today announced that as of September 30, 2010, the company's unaudited total assets were approximately $198.9 million and its unaudited net asset value was $164.5 million, or $23.70 per share.
Tortoise Energy Capital Corp. (NYSE: TYY) today announced that as of September 30, 2010, the company's unaudited total assets were approximately $729.2 million and its unaudited net asset value was $464.5 million, or $24.06 per share.
Tortoise North American Energy Corp. (NYSE: TYN) today announced that as of September 30, 2010, the company's unaudited total assets were approximately $182.9 million and its unaudited net asset value was $148.0 million or $23.51 per share.
Tortoise MLP Fund, Inc. (NYSE: NTG) today announced it has finalized the terms of a private placement with institutional investors of $230 million of senior unsecured notes (Senior Notes) and $90 million of Mandatory Redeemable Preferred Shares (MRP Shares). An initial funding of approximately $153 million of Senior Notes and $60 million of MRP Shares occurred today with the remaining to be funded no later than Dec. 15, 2010. The proceeds from the offerings will be used primarily for making new portfolio investments, reducing outstanding borrowings under the credit facility and for general corporate purposes.
Tortoise Capital Resources Corp. (NYSE: TTO) (the company) today announced that it has filed its Form 10-Q for its third quarter ended Aug. 31, 2010.
The definition is crucial: if we don’t know what it is we’re talking about, there is no way we can confidently invest in infrastructure, writes Jeffrey E. Fulmer
How to access genuinely stable income in today’s fraught investing environment? Jeffrey e. fulmer of Tortoise Capital Advisors explains why energy master limited partnerships, with their core oil and gas pipeline assets, demand consideration
