Energy Income Partners, LLC (“EIP”) first commenced operations in October 2003, when it launched its
legacy fund: Energy Infrastructure Income Fund, L.P. formerly known as the Energy MLP Income Fund,
L.P. The investment team joined Pequot Capital for two years beginning in December 2004. In July
2006, the founding partners James Murchie, Eva Pao and Linda Longville re-established EIP as an
independent entity. EIP’s original fund was unaffected by these changes and has operated without
interruption since its October 2003 launch. James Murchie, one of the founding partners of EIP, serves as
its Chief Executive Officer.
EIP serves as the investment manager (“Manager”) to separately managed accounts (“SMAs”) for high
net-worth individuals and institutions, publicly offered registered investment companies and private
funds. EIP also serves as the sub-adviser to closed-end management investment companies (collectively,
the “Closed-End Funds”), actively managed exchange traded funds (“ETFs”), and a sleeve of a series of a
variable insurance trust (each private, registered or exchange traded fund is referred to herein as a “Fund”
and, collectively, as the “Funds”. Each private fund is referred to herein as a “Private Fund” or,
collectively, as the “Private Funds”). In addition, EIP provides investment advice in the form of a model
portfolio to Unified Managed Accounts (“UMAs”).
The investment mandate of each Fund is described in its Prospectus, Private Placement Memorandum or
other offering document, as applicable (“Offering Document”). EIP provides discretionary investment
advisory services to its clients, including
the Funds, as Manager, pursuant to various limited partnership
agreements or investment management agreements.
With respect to SMAs, EIP’s ability to tailor a particular portfolio to a client’s individual cash flow and
other needs is limited, due primarily to EIP’s focus on specific industries and asset classes within those
industries (please see the Investment Strategies section of Item 8 below). A client may impose
restrictions upon investing in certain securities or types of securities at the inception of the relationship
with EIP by using the appropriate section of the new account questionnaire or at any other time by writing
to Nandita Hogan using the address provided on the front of this Brochure or by email at
nhogan@eipinvestments.com.
With respect to the UMAs, EIP’s investment advice consists solely of providing its model portfolio to the
sponsoring firm. The sponsoring firm is then responsible for any other services, such as trade execution,
accounting and custody, provided to the UMA platform.
In addition to discretionary management services, EIP may, from time to time, enter into consulting or
other arrangements. Such arrangements are evaluated on a case-by-case basis.
As of January 31, 2024, EIP managed approximately $5,012,800,000 in discretionary assets under
management, including $4,798,060,000 in regulatory assets under management and $214,740,000 in
advised assets held by Unified Managed Accounts (“UMAs”). As of January 31, 2024, EIP did not
advise any assets on a consultative basis but may do so in the future for account platforms and other
consulting clients.