Investment adviser · CRD 123711

TORTOISE CAPITAL ADVISORS, L.L.C.

Investment adviser filing (IA)

OVERLAND PARK, KS, United States · Form ADV filed Apr 30, 2026

Regulatory AUM: $8.93B
Client accounts: 344
Employees: 34
Advisory professionals: 15

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Investment companies	9	$5,946,083,250	66.6%
Government entities	14	$1,913,084,061	21.4%
High-net-worth individuals	259	$502,869,032	5.6%
Insurance companies	5	$223,846,534	2.5%
Corporations & businesses	38	$210,893,400	2.4%
Charities	10	$127,792,722	1.4%
Individuals	5	$3,123,695	0.0%
Other clients	4	$940,936	0.0%

Filing source

Form ADV 2099375 · Apr 30, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

7 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

TORTOISE COMMINGLED MLP FUND, LLCOther Private Fund · Last reported Apr 30, 2026$0Gross asset value

Form D fundraising filings

TORTOISE COMMINGLED MLP FUND, LLC

Fund administrator U.S. BANCORP FUND SERVICES, LLC MILWAUKEE, Wisconsin, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor TAIT, WELLER & BAKER, LLP PHILADELPHIA, Pennsylvania, United States

Custodian U.S. BANK NATIONAL ASSOCIATION MILWAUKEE, Wisconsin, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

TAIT, WELLER & BAKER, LLP
PCAOB 445

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-2791983910
Reported beneficial owners: 0
Minimum commitment: $150K
Form D file number: 021-218331

Form ADV 2099375 · Apr 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

US ENERGY I, LLCOther Private Fund · Last reported Jan 13, 2021$108MGross asset value

Auditor ERNST & YOUNG, LLP KANSAS CITY, Missouri, United States

Custodian STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

ERNST & YOUNG, LLP
PCAOB 42

STATE STREET BANK AND TRUST COMPANY
LEI 571474TGEMMWANRLN572

Fund details & source

Fund ID: 805-6605219583
Reported beneficial owners: 2
Minimum commitment: $50M

Form ADV 1481499 · Jan 13, 2021 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TORTOISE DIRECT SOCIAL INFRASTRUCTURE FUND II, LPHedge Fund · Last reported Jan 13, 2021$94MGross asset value

Fund administrator U.S. BANCORP FUND SERVICES MILWAUKEE, Wisconsin, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor ERNST & YOUNG, LLP KANSAS CITY, Missouri, United States

Custodian U.S. BANK NATIONAL ASSOCIATION MILWAUKEE, Wisconsin, United States Related to adviser: No

Marketer TORTOISEECOFIN SECURITIES, LLC LEAWOOD, Kansas, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG, LLP
PCAOB 42

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

TORTOISEECOFIN SECURITIES, LLC
CRD 285411 · SEC 8-69849

Fund details & source

Fund ID: 805-4548327825
Reported beneficial owners: 185
Minimum commitment: $250K
Form D file number: 021-331724

Form ADV 1481499 · Jan 13, 2021 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TORTOISE DIRECT MUNICIPAL OPPORTUNITIES FUND, LPHedge Fund · Last reported Jan 13, 2021$69.1MGross asset value

Fund administrator U.S. BANCORP FUND SERVICES MILWAUKEE, Wisconsin, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor ERNST & YOUNG, LLP KANSAS CITY, Missouri, United States

Custodian U.S. BANK NATIONAL ASSOCIATION MILWAUKEE, Wisconsin, United States Related to adviser: No

Marketer TORTOISEECOFIN SECURITIES, LLC LEAWOOD, Kansas, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG, LLP
PCAOB 42

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

TORTOISEECOFIN SECURITIES, LLC
CRD 285411 · SEC 8-69849

Fund details & source

Fund ID: 805-2187053267
Reported beneficial owners: 210
Minimum commitment: $250K
Form D file number: 021-1690081

Form ADV 1481499 · Jan 13, 2021 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TORTOISE DIRECT OPPORTUNITIES FUND II, LPHedge Fund · Last reported Sep 30, 2025$3.23MGross asset value

Form D fundraising filings

Tortoise Direct Opportunities Fund II, LP

Fund administrator U.S. BANCORP FUND SERVICES, LLC MILWAUKEE, Wisconsin, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor TAIT, WELLER & BAKER, LLP PHILADELPHIA, Pennsylvania, United States

Custodian U.S. BANK NATIONAL ASSOCIATION MILWAUKEE, Wisconsin, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

TAIT, WELLER & BAKER, LLP
PCAOB 445

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-3068298446
Reported beneficial owners: 65
Minimum commitment: $1M
Form D file number: 021-308532

Form ADV 2007852 · Sep 30, 2025 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TORTOISE DIRECT OPPORTUNITIES FUND, LPHedge Fund · Last reported Jan 26, 2023$0Gross asset value

Form D fundraising filings

Tortoise Direct Opportunities Fund, LP

Fund administrator U.S. BANCORP FUND SERVICES, LLC MILWAUKEE, Wisconsin, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor ERNST & YOUNG, LLP KANSAS CITY, Missouri, United States

Custodian U.S. BANK NATIONAL ASSOCIATION MILWAUKEE, Wisconsin, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG, LLP
PCAOB 42

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-1080049994
Reported beneficial owners: 0
Minimum commitment: $1M
Form D file number: 021-265506

Form ADV 1705614 · Jan 26, 2023 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TORTOISE TALF OPPORTUNITIES FUND, LPHedge Fund · Last reported Jan 26, 2023$0Gross asset value

Form D fundraising filings

Tortoise TALF Opportunities Fund, LP

Fund administrator U.S. BANCORP FUND SERVICES MILWAUKEE, Wisconsin, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor ERNST & YOUNG, LLP KANSAS CITY, Missouri, United States

Custodian U.S. BANK NATIONAL ASSOCIATION MILWAUKEE, Wisconsin, United States Related to adviser: No

Marketer TORTOISEECOFIN SECURITIES, LLC LEAWOOD, Kansas, United States Related to adviser: Yes

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

ERNST & YOUNG, LLP
PCAOB 42

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

TORTOISEECOFIN SECURITIES, LLC
CRD 285411 · SEC 8-69849

Fund details & source

Fund ID: 805-3818950305
Reported beneficial owners: 0
Minimum commitment: $250K
Form D file number: 021-368890

Form ADV 1705614 · Jan 26, 2023 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Apr 30, 2026. View historical filings

Reported services

Individual portfolio management · Investment company portfolio management · Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

5901 COLLEGE BOULEVARD, SUITE 400
OVERLAND PARK, KS, 66211-1861, United States

CRD 123711

Filing source

Form ADV 2099375 · Apr 30, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.