9AT: ECOFIN ADVISORS LIMITED

ECOFIN ADVISORS LIMITED

other names

ECOFIN ADVISORS LIMITED
ECOFIN
TORTOISE UK
TORTOISE ADVISORS UK LIMITED
ECOFIN LIMITED

Adviser Profile

As of Date	10/31/2024
Registration status	Terminated
ADV Location	LONDON, United Kingdom
Contact Info	44- xxxxxxx
Websites

AUM^*	1,376,800,252 -4%
of that, discretionary	1,376,436,091 -4%
Private Fund GAV^*	0
Avg Account Size	86,050,016 -10%
SMA’s	No
Private Funds	0 4

Adviser Type

- Large advisory firm
- Outside the United States
- An investment adviser (or subadviser) to an investment company

Number of Employees 17 -6%

of those in investment advisory functions 9

Client Types

- Investment companies
- Pooled investment vehicles
- Corporations or other businesses not listed above
- Other

Advisory Activities

- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Reported AUM

1B 1B 1B 822M 616M 411M 205M

2015 2016 2017 2018 2019 2020 2021 2022 2023

Discretionary

Non-discretionary

Private Funds

GAV Count

Employees

Brochure Summary

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.