Fri, Jul 3, 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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

 

banner