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Tortoise launched the Tortoise Tax-Advantaged Social
Infrastructure Fund, a closed-end interval fund it registered with the SEC in December 2017. The
fund will access the firm's direct lending strategy, which was
previously only available to qualified purchasers through a private
fund, and will provide capital for social infrastructure projects
related to 501(c)(3) organizations, non-profits and other entities
authorized to issue private activity and tax-exempt bonds focused
on education, healthcare, housing, industrial infrastructure, human
service providers and social services. The fund will offer
quarterly repurchase opportunities and a management fee of
1.32%.
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