Overview
Ecofin Advisors Limited (“Ecofin” or the "Firm") is a London-based investment management
firm which specializes in the global utility, infrastructure, alternative energy and environmental
sectors.
The Firm was incorporated in England and Wales in 1991, and it was acquired in November
2018 by the Tortoise group of companies; shortly afterwards it changed its name from Ecofin
Limited to Tortoise Advisors UK Limited - it has now reverted to using the name Ecofin
Advisors Limited.
It is indirectly controlled by Lovell Minnick Partners LLC ("Lovell Minnick") and
TortoiseEcofin Investments, LLC ("TortoiseEcofin Investments"). A vehicle formed by
Lovell Minnick and owned by certain private funds sponsored by Lovell Minnick and a group
of institutional co-investors owns a controlling interest in TortoiseEcofin Investments. Certain
employees in the TortoiseEcofin Investments complex, including substantially all of our
Managing Directors and an independent board member of TortoiseEcofin Investments own
the remaining interests in TortoiseEcofin Investments.
Ecofin provides discretionary investment management services to collective investment vehicles, and to
separately managed accounts which it manages on behalf of professional investors. Our investment
advice is limited to investments in energy and infrastructure, with a focus on sustainability, as
provided in our strategies in item 8 of this brochure. We generally seek to manage client accounts to
reflect a portfolio applicable to each particular investment strategy which Ecofin manages. When
changes are made to a strategy portfolio, we generally trade all client accounts which subscribe to that
particular investment strategy to align them with the applicable strategy portfolio (except where
specific instructions provided by the client require otherwise). Although clients typically grant full
discretion with respect to security selection, clients may impose reasonable restrictions on investing
in certain securities or types of securities.
The Firm’s discretionary assets under management was US$1,376,426,091 as of December 31,
2023. This includes the AUM of the funds or that portion of the funds in respect of which the Firm acts
as the investment manager or sub-investment manager, and any separately managed accounts.
Additionally, as of December 31, 2023, the Firm had approximately US$364,161 of assets
under advisement through model portfolio provider services.
The Firm invests pursuant to the individual mandates of the client accounts which it manages.