Fri, Mar 6, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Salient Partners launches second MLP fund

Wednesday, June 18, 2014

Bailey McCann, Opalesque New York:

Texas-based Salient Partners has launched its second MLP focused fund. Its strategy entails investing at least 80 percent of its net assets in equity securities of MLPs. The Fund may also invest in securities of other energy companies and securities issued by open and closed-end investment companies, including money market funds, actively managed and index exchange traded funds and exchange traded notes, U.S. government securities, debt securities, cash and/or other cash equivalents.

"As well as MLPs have performed over the past 10-15 years, the opportunity set through the end of the decade appears to be quite encouraging as uptick in North American production is expected to require midstream infrastructure spending of ~$30B annually which should help drive continued distribution growth," said Greg Reid, President & CEO of Salient’s Master Limited Partnership (MLP) business.

The fund will be focused on the midstream energy industry, including long-term, fee-based real assets that engage in the transportation and storage of natural resources. Leverage will be approximately 25 percent of the value of the Fund’s total assets.

"In our opinion, the market routinely underestimates the value of both a corporation that owns an MLP general partner and the underlying MLP as well in a dropdown scenario," Reid said. "We believe that MLP investors should focus on growth at a reasonable price and not absolute yield when making their MLP ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SkyBridge opens office in Palm Beach County[more]

    Where better for a southern location than South Florida? SkyBridge Capital, which is headquartered in New York, has opened an office in Palm Beach Gardens. Palm Beach Gardens is a "Signature City" in northern Palm Beach County, with a population of around 49,000.

  2. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  3. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  4. Outlook - 5 reasons why 2015 is looking like a breakout year for alternative investments, Hedge fund manager Dan Loeb predicts disappointment for funds seeking energy distress[more]

    5 reasons why 2015 is looking like a breakout year for alternative investments From Forbes.com: …After a strong 2014, the public markets have been off to a choppy start in 2015. This year, savvy investors may be looking for alpha elsewhere. For many institutions and high-net-worth indivi

  5. Event-driven strategies lead hedge fund gains in February while CTA rally shows signs of fatigue[more]

    Komfie Manalo, Opalesque Asia: Hedge funds ended February on a good note (+0.8%), confirming the positive momentum witnessed since the start of the year, reported Lyxor Asset Management in its Weekly Briefing. As of the end of February, the Lyxor He