HERONETTA MANAGEMENT, L.P. other names

{{ Info.Overview }}
Revenue: {{ Info.Revenue | formatUSD }} Headquarters: {{ Info.Headquarters }}
{{ Info.Homepage }}

Adviser Profile

As of Date:

03/22/2024

Adviser Type:

- Large advisory firm

Number of Employees:

5

of those in investment advisory functions:

3

Registration:

SEC, Approved, 3/30/2012

AUM:

265,835,137 -1.93%

of that, discretionary:

265,835,137 -1.93%

Private Fund GAV:

72,550,054 6.64%

Avg Account Size:

8,861,171 1.34%

% High Net Worth:

93.33% -3.45%

SMA’s:

YES

Private Funds:

1

Contact Info

212 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
395M 338M 282M 225M 169M 113M 56M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Heronetta Management, L.P.'s Top 5 Buys of the 3rd Quarter
10/27/2022

Related Stocks: ET, TRP, EPD, MMP, MPLX,

gurufocus.com

Top 5 2nd Quarter Trades of Heronetta Management, L.P.
08/05/2022

Related Stocks: PSXP, PAGP, ENB, PBA, MPLX,

gurufocus.com


Private Funds Structure

Fund Type Count GAV
Other Private Fund 1 $72,550,054

Similar advisers

Adviser Hedge Fund Liquidity Fund Private Equity Fund Real Estate Fund Securitized Asset Fund Venture Capital Fund Other Fund Total Private Fund GAV AUM # funds
WEIK CAPITAL MANAGEMENT - - - - - - 44.3m 44.3m 277.6m 2
FINANCE OF AMERICA CAPITAL MANAGEMENT LLC - - - - - - - - 500.0k -
AON ADVANTAGE FUNDS LLC - - - - - - 268.0m 268.0m 268.0m 1
P10 ADVISORS, LLC - - - - - - 265.0m 265.0m 270.1m 3
TAYLOR FRIGON CAPITAL MANAGEMENT LLC - - - - - - 75.4m 75.4m 301.3m 1
BEAR MOUNTAIN CAPITAL INC. - - - - - - 10.5m 10.5m 308.1m 1
CARGILE INVESTMENT MANAGEMENT - - - - - - - - 288.6m -
OPPENHEIMERFUNDS INC - - - - - - 197.0m 197.0m 197.0m 1
MEMPHIS CAPITAL MANAGEMENT, LLC - - - - - - 254.9m 254.9m 254.9m 1
ARCO GLOBAL MANAGEMENT, LLC - - - - - - 288.7m 288.7m 288.7m 1

Private Funds



Employees




Brochure Summary

Overview

Heronetta Management, L.P. (“Heronetta”), an investment advisory firm headquartered in New York, NY, was established in December 2007 by Henry R. Breck, who owns the majority of the firm. Heronetta manages assets for high-net-worth individuals and associated trusts, family offices, and insurance companies (“Investors”) employing a tax-advantaged income investment strategy centered on actively managed energy-related midstream infrastructure, Master Limited Partnerships and C-Corporations (collectively “MLPs”), which are publicly-traded vehicles. (Also see Section 8 for additional details of the strategy). Heronetta’s management has over 50 years of personal investment experience in the asset class, along with decades of industry experience in both oil and gas and investment management. Heronetta invests a substantial
amount of its liquid net worth in this same sector and strategy. Heronetta also advises a separate account portfolio of relatively high-yielding diversified Canadian listed securities. Heronetta serves as the investment manager for the Heron Income Fund, L.P., a pooled vehicle (“HIF” or the “Fund”). An affiliate of Heronetta serves as the general partner to the Fund. Heronetta also advises separately managed accounts for individuals, institutions and family. The Fund, along with the managed accounts, are Heronetta’s clients (the “Clients”). Heronetta may accommodate investors that have investment parameters and objectives and wish to impose restrictions not compatible with the Fund by opening a separately managed account. As of December 31, 2023, Heronetta managed $265,835,137 on a discretionary basis.