Say howdy to Salient Partners' new master limited partnerships and energy infrastructure fund.

The Houston-based fund firm launched the Salient MLP & Energy Infrastructure Fund II, its first ever mutual fund focusing on MLPs and energy infrastructure companies.

The new fund seeks to provide high level of total return and emphasizes quarterly cash distributions. It invests at least 80% of its net assets in equity securities of MLPs and energy infrastructure companies of all market capitalizations.

The fund offers Class A, C and I share classes.

It announced its first quarterly distribution of 12.5 cents per share for the period of Sept. 19 to Nov. 30, payable on Dec. 5 to common stockholders.

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