Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Two Years Post-Acquisition, a Midwestern Firm Rebrands Not Rated 5.0 Email Routing List Email & Route  Print Print
Friday, October 16, 2020

Two Years Post-Acquisition, a Midwestern Firm Rebrands

Reported by Andrew Lusk

A midwestern asset manager is rebranding, combining its name with that of a firm acquired almost two years ago.

Harold "Kevin" Birzer
Tortoise
CEO
On October 9, the Tortoise team confirmed that the Leawood, Kansas-based firm now goes by the name TortoiseEcofin. TortoiseEcofin is now the parent company of both Tortoise and Ecofin, a London-based environmental investing firm acquired by Tortoise in late 2018.

Brett Newcomb, president of Ecofin, tells MFWire, "Tortoise, founded in 2002, was built to focus on energy."

Newcomb notes that the company's mission remains the same, though the energy world has shifted dramatically over the past two decades.

"Around 2013," he continues, "we started to see some changes in the energy landscape and thought there would be disruptions in the form of renewables. We spent a few years talking to others in the field about what that new landscape might look like, and bringing in consultants who could help us navigate those changes."

"Between 2016 and 2018, we also added a private renewable energy team to our firm that had previously been at General Electric," Newcomb says.

Ecofin has been active since the 1990s, Newcomb says. "Ecofin currently has a team of around sixteen people in London. They focus on renewables, investing in utilities, and energy transitions. Ever since we acquired them [in 2018], they've been integrated with our investment teams."

"We continue our focus on essential assets investing through two separate brands: Tortoise, which focuses on power and energy infrastructure and energy evolution; and Ecofin, which focuses on sustainable infrastructure, energy transition, water and environment and social impact," states Kevin Birzer, CEO of TortoiseEcofin.

Regarding new market outreach, Newcomb tells MFWire, "Sustainability can take many forms, and the rebrand is for the Ecofin side to get their own brand and reach investors focused on sustainability, impact, and ESG."

"What we do on the Ecofin side is inherently based around finding solutions to climate change, and we're proud of our efforts to reduce carbon emissions globally and invest in companies focused on doing just that," Newcomb says. Looking ahead to the future post-COVID, Newcomb concludes, "COVID has changed the landscape of energy transitions, and I think it's really accelerated that. Citizens, companies, and other organizations all play a part in the local community and the world at large, so we can't underestimate anyone's particular impact."

The Ecofin team alone manages around $1.2 billion in AUM. Tortoise had more than $17.5 billion in AUM as of their latest form ADV, filed last month. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - BDC Board Service 101, December 10
  2. WE Boston - Give Back Event, December 10
  3. IMEA Distribution Council webinar - Unlocking Your Competitive Edge: Driving Results Through Net Promoter Excellence, December 10
  4. WE New York - End of Year Celebration, December 11
  5. MFDF webinar - ETF Product Trends: Board Implications, December 11
  6. Nicsa webinar - The Virtues of Corporate Culture, December 11
  7. MFDF webinar - Visually Mapping Board Composition: Skills Matrices in Fund Board Rooms, December 18
  8. IMEA webinar - Driving Equity: The FARE Journey and Its Impact on Financial Services, December 19
  9. MFDF webinar - 2024 Fair Valuation Pricing Survey: Building and Strengthening the Valuation Operating Model, January 7, 2025
  10. MFDF webinar - 15(c) White Paper Webinar Series: Part 2 – Board Processes, January 9, 2025
  11. MFDF webinar - AI and Fund Compliance, January 21, 2025
  12. MFDF In Focus - In Focus: Small Boards' Use of Skills Matrices, January 22, 2025
  13. MFDF 2025 Directors' Institute, January 27 - 29, 2025
  14. FSI OneVoice 2025, January 27 - 29, 2025
  15. 2025 ICI Innovate, February 3 - 5, 2025
  16. MFDF Director Discussion Series - Open Forum, February 10, 2025
  17. MFDF Director Discussion Series - Open Forum, February 11, 2025
  18. MFDF 2025 Fund Governance & Regulatory Insights Conference, March 6 - 7, 2025
  19. MFDF Director Discussion Series - Open Forum, April 2, 2025
  20. Envestnet Elevate 2025, April 9 - 10, 2025
  21. MFDF Director Discussion Series - Open Forum, April 15, 2025
  22. The 36th Sub-Advised Funds Forum, April 29 - 30, 2025
  23. Morningstar Investment Conference 2025, June 25 - 26, 2025
  24. MFDF Director Discussion Series - Open Forum, July 9, 2025




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use