Pewaukee-based Capital Innovations LLC will sub-advise a new fund launched by Irvine, Calif.-based Vertical Capital Markets Group.
The Vertical Capital Innovations MLP Energy Fund will be invested using Capital Innovations’ combination of energy industry investment experience and financial market prowess. Vertical selected Capital Innovations for sub-advisory because of its in-depth knowledge of real assets, investment performance and reputation. Michael Underhill, chief investment officer, and Susan Dambekaln, portfolio manager, will manage the formation and execution of the MLP Energy Fund portfolio.
“Vertical seeks to develop unconventional, innovative investment solutions,” Closser said. “That’s a common characteristic of both of our funds today and will be a common characteristic of additional funds we are planning.”
Capital Innovations uses rigorous investment criteria tailored to creating a portfolio of high quality MLPs with steady cash flows, with the goal of generating a high level of risk-adjusted return.
“As the U.S. pumps out more oil, the greater need for energy infrastructure will be a boon for master limited partnerships,” said John Harline, executive vice president of VCMG. “The Vertical Capital Innovations MLP Energy Fund can help investors and advisors take advantage of this opportunity.”