Assets under management Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Total AUM
Total Accounts
10Y AUM Change
Private Funds
Private funds reported by Tortoise Capital Advisors, L.L.C.
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Employee Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Total Employees
Clients per Employee
10Y Employee Change
Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.
Ownership
Reported direct and indirect ownership ranges
Each range applies to a separate reported relationship and should not be added together.
Reported ownership ranges
Highlighted bands show the percentage range reported in Form ADV.
0%25%50%75%100%
TORTOISE BORROWER LLCDirect owner · Schedule AInterest in TORTOISE CAPITAL ADVISORS, L.L.C.
75%+
TORTOISE PARENT HOLDCO LLCIndirect owner · Schedule BInterest in TORTOISE BORROWER LLC
75%+
LOVELL MINNICK EQUITY PARTNERS IV-A LPIndirect owner · Schedule BInterest in LM TORTOISE INVESTMENT HOLDINGS IV-A INC.
75%+
LOVELL MINNICK PARTNERS LLCIndirect owner · Schedule BInterest in FUND IV UGP LLC
75%+
LM TORTOISE HOLDINGS LLCIndirect owner · Schedule BInterest in TORTOISE PARENT HOLDCO LLC
50% to < 75%
LM TORTOISE INVESTMENT HOLDINGS IV CO-INVESTMENT LLCIndirect owner · Schedule BInterest in LM TORTOISE HOLDINGS LLC
50% to < 75%
LM TORTOISE INVESTMENT HOLDINGS IV LLCIndirect owner · Schedule BInterest in LM TORTOISE INVESTMENT HOLDINGS IV CO-INVESTMENT LLC
50% to < 75%
LOVELL MINNICK EQUITY PARTNERS IV LPIndirect owner · Schedule BInterest in LM TORTOISE INVESTMENT HOLDINGS IV LLC
50% to < 75%
LM TORTOISE HOLDINGS CO- INVESTMENT LLCIndirect owner · Schedule BInterest in LM TORTOISE HOLDINGS LLC
25% to < 50%
HCF4 HOLDINGS LLCIndirect owner · Schedule BInterest in LM TORTOISE HOLDINGS CO- INVESTMENT LLC
25% to < 50%
LM TORTOISE INVESTMENT HOLDINGS IV-A INC.Indirect owner · Schedule BInterest in LM TORTOISE INVESTMENT HOLDINGS IV LLC
25% to < 50%
Bars represent the reported range at that individual ownership step, not an estimated percentage of the advisory firm. Indirect relationships may refer to intermediate entities rather than directly to Tortoise Capital Advisors, L.L.C..
Reported ownership and control details
Form ADV · Filing date 2026-04-30 · Schedules A and B
| # | Owner / person & role | Interest in entity | Reported interest | Control person | Title / status acquired | Source |
|---|---|---|---|---|---|---|
| 1 | TORTOISE BORROWER LLCMANAGING MEMBERDomestic entity | TORTOISE CAPITAL ADVISORS, L.L.C. | 75% or moreCode E | Yes | MANAGING MEMBER01/2018 | Schedule APDF page 27 |
| 2 | THOMAS IBBERSON FLORENCECHIEF EXECUTIVE OFFICERIndividual | TORTOISE CAPITAL ADVISORS, L.L.C. | Less than 5%Code NA | Yes | CHIEF EXECUTIVE OFFICER04/2024 | Schedule APDF page 27 |
| 3 | JEFFREY SCOTT KRUSKECHIEF COMPLIANCE OFFICER, CHIEF LEGAL OFFICER, CHIEF OPERATING OFFICERIndividual | TORTOISE CAPITAL ADVISORS, L.L.C. | Less than 5%Code NA | Yes | CHIEF COMPLIANCE OFFICER, CHIEF LEGAL OFFICER, CHIEF OPERATING OFFICER03/2025 | Schedule APDF page 27 |
| 4 | JOSEPH PAUL PAONESSACHIEF FINANCIAL OFFICERIndividual | TORTOISE CAPITAL ADVISORS, L.L.C. | Less than 5%Code NA | No | CHIEF FINANCIAL OFFICER04/2025 | Schedule APDF page 27 |
| 5 | TORTOISE PARENT HOLDCO LLCSOLE MEMBERDomestic entity | TORTOISE BORROWER LLC | 75% or moreCode E | Yes | SOLE MEMBER01/2018 | Schedule BPDF page 28 |
| 6 | LM TORTOISE HOLDINGS LLCMEMBERDomestic entity | TORTOISE PARENT HOLDCO LLC | 50% to less than 75%Code D | Yes | MEMBER04/2024 | Schedule BPDF page 28 |
| 7 | LM TORTOISE INVESTMENT HOLDINGS IV CO-INVESTMENT LLCMEMBERDomestic entity | LM TORTOISE HOLDINGS LLC | 50% to less than 75%Code D | Yes | MEMBER01/2018 | Schedule BPDF page 28 |
| 8 | LM TORTOISE HOLDINGS CO- INVESTMENT LLCMEMBERDomestic entity | LM TORTOISE HOLDINGS LLC | 25% to less than 50%Code C | Yes | MEMBER01/2018 | Schedule BPDF page 28 |
| 9 | HCF4 HOLDINGS LLCMEMBERDomestic entity | LM TORTOISE HOLDINGS CO- INVESTMENT LLC | 25% to less than 50%Code C | Yes | MEMBER01/2018 | Schedule BPDF page 28 |
| 10 | LM TORTOISE INVESTMENT HOLDINGS IV LLCMANAGING MEMBERDomestic entity | LM TORTOISE INVESTMENT HOLDINGS IV CO-INVESTMENT LLC | 50% to less than 75%Code D | Yes | MANAGING MEMBER01/2018 | Schedule BPDF page 28 |
| 11 | LOVELL MINNICK EQUITY PARTNERS IV LPMEMBERDomestic entity | LM TORTOISE INVESTMENT HOLDINGS IV LLC | 50% to less than 75%Code D | Yes | MEMBER01/2018 | Schedule BPDF page 28 |
| 12 | LM TORTOISE INVESTMENT HOLDINGS IV-A INC.MEMBERDomestic entity | LM TORTOISE INVESTMENT HOLDINGS IV LLC | 25% to less than 50%Code C | Yes | MEMBER01/2018 | Schedule BPDF page 28 |
| 13 | LOVELL MINNICK EQUITY PARTNERS IV-A LPOWNERDomestic entity | LM TORTOISE INVESTMENT HOLDINGS IV-A INC. | 75% or moreCode E | Yes | OWNER01/2018 | Schedule BPDF page 28 |
| 14 | LOVELL MINNICK EQUITY ADVISORS IV LPGENERAL PARTNERDomestic entity | LOVELL MINNICK EQUITY PARTNERS IV LP | Percentage not specifiedCode F | Yes | GENERAL PARTNER01/2014 | Schedule BPDF page 28 |
| 15 | LOVELL MINNICK EQUITY ADVISORS IV LPGENERAL PARTNERDomestic entity | LOVELL MINNICK EQUITY PARTNERS IV-A LP | Percentage not specifiedCode F | Yes | GENERAL PARTNER01/2014 | Schedule BPDF page 28 |
| 16 | FUND IV UGP LLCGENERAL PARTNERDomestic entity | LOVELL MINNICK EQUITY ADVISORS IV LP | Percentage not specifiedCode F | Yes | GENERAL PARTNER01/2014 | Schedule BPDF page 28 |
| 17 | LOVELL MINNICK PARTNERS LLCMANAGING MEMBERDomestic entity | FUND IV UGP LLC | 75% or moreCode E | Yes | MANAGING MEMBER01/2014 | Schedule BPDF page 28 |
| 18 | THOMAS IBBERSON FLORENCECHIEF EXECUTIVE OFFICERIndividual | TORTOISE BORROWER LLC | Percentage not specifiedCode F | Yes | CHIEF EXECUTIVE OFFICER04/2024 | Schedule BPDF page 28 |
| 19 | JEFFREY SCOTT KRUSKECHIEF LEGAL OFFICER, CHIEF OPERATING OFFICERIndividual | TORTOISE BORROWER LLC | Percentage not specifiedCode F | Yes | CHIEF LEGAL OFFICER, CHIEF OPERATING OFFICER03/2025 | Schedule BPDF page 28 |
Less than 5% may include zero. Code F identifies a role without specifying a percentage. Reported interests may overlap and may not include every owner. Total indirect ownership is not calculated.
Compliance & Disclosures
Filing dated 4/30/2026 4:45:51 PM
Responses were selected by the RIA in its filing. Questions are shortened for readability; “you” refers to the reporting firm, and some questions also cover advisory affiliates.
RIA or supervised-person involvementThe RIA reported that none of the events below involve the firm or its supervised persons.RIA responseNo
AFelonies2 No
In the past ten years, have you or any advisory affiliate:
- A1Been convicted of or pleaded guilty or no contest to a felony?No
- A2Been charged with a felony?No
BMisdemeanors2 No
In the past ten years, have you or any advisory affiliate:
- B1Been convicted of or pleaded guilty or no contest to a misdemeanor involving investments, an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion?No
- B2Been charged with a misdemeanor of the kind listed above?No
CSEC or CFTC actions5 No
Has the SEC or CFTC ever:
- C1Found you or an advisory affiliate made a false statement or omission?No
- C2Found you or an advisory affiliate violated SEC or CFTC regulations or statutes?No
- C3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
- C4Entered an order against you or an advisory affiliate in connection with investment-related activity?No
- C5Imposed a civil money penalty on you or an advisory affiliate, or ordered you or an advisory affiliate to cease and desist from any activity?No
DOther regulatory actions5 No
Has any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority ever:
- D1Found you or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?No
- D2Found you or an advisory affiliate violated investment-related regulations or statutes?No
- D3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
- D4In the past ten years, entered an order against you or an advisory affiliate in connection with investment-related activity?No
- D5Denied, suspended, or revoked your or an advisory affiliate’s registration or license, or otherwise prevented association with an investment-related business or restricted activities?No
ESelf-regulatory organization actions4 No
Has a self-regulatory organization or commodities exchange ever:
- E1Found you or an advisory affiliate made a false statement or omission?No
- E2Found you or an advisory affiliate violated its rules, other than a violation designated as a minor rule violation under an SEC-approved plan?No
- E3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
- E4Disciplined you or an advisory affiliate by expulsion, suspension, barring association with other members, or otherwise restricting activities?No
FProfessional authorizations1 No
- FHas an authorization to act as an attorney, accountant, or federal contractor granted to you or an advisory affiliate ever been revoked or suspended?No
GPending regulatory proceedings1 No
- GAre you or any advisory affiliate now the subject of a regulatory proceeding that could result in a “Yes” answer to any part of C, D, or E?No
HCivil judicial actions and proceedings4 No
(1) Court actions
Has a domestic or foreign court:
- H(1)(a)In the past ten years, enjoined you or an advisory affiliate in connection with investment-related activity?No
- H(1)(b)Found that you or an advisory affiliate violated investment-related statutes or regulations?No
- H(1)(c)Dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or an advisory affiliate by a state or foreign financial regulatory authority?No
(2) Pending civil proceedings
- H(2)Are you or any advisory affiliate now the subject of a civil proceeding that could result in a “Yes” answer to any part of H(1)?No
* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.