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.