Liberty Street Advisors has launched the Center Coast MLP Focus Fund, a mutual fund that will invest in midstream energy infrastructure master limited partnerships. It will be sub-advised by Center Coast Capital Advisors of Houston, whose founder Dan Tutcher is well known in the MLP sector.
Midstream MLPs build, own and operate the physical assets that support U.S. energy infrastructure, such as pipelines and storage facilities.
“The Center Coast MLP Focus Fund was created in direct response to market turmoil and the high degree of uncertainty over the past several years,” said Timothy Reick, CEO of Liberty Street Advisors. “Our goal was to create an investment vehicle that would capitalize on an asset class that has historically provided investors with stable and attractive, tax-advantaged income, provided the potential for capital appreciation and had a strong history of growing distributions faster than inflation.”