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Separately Managed Accounts

Our affiliate, SteelPath Capital Management, has a 6-year performance history and advises separately managed accounts for Financial Advisors.

SteelPath Capital was founded in 2004 to exclusively focus on investing in energy infrastructure through the emerging midstream Master Limited Partnership asset class. The company is an independent, employee-owned, SEC-registered investment advisor headquartered in Dallas, Texas. Our managed account portfolios are based on our research-intensive portfolio selection process.

The firm manages separate account MLP portfolios for financial advisors whose high net worth clients want to maximize the tax benefits of MLP ownership by receiving K-1s directly. For more information on SteelPath’s separately managed account program, please contact Jackie Prostko of Advisor Investor Relations:

telephone: 214.740.6040
e-mail: jp@steelpath.com

Valuation Performance

We maintain detailed, bottoms-up models on all potential portfolio companies. We use our models to value each individual business owned by the MLP based on that specific business's cash flow outlook, and risk profile. It is our in-depth and detailed understanding of these businesses that makes our valuation models and our sensitivity models such powerful tools.

Scenario Analysis

Our goal is to diligently assess our investments to avoid owning MLPs that are forced to cut distributions. Our primary tool for detecting where such risk exists is our scenario analysis process through which we test the partnership's ability to withstand various commodity price, volume, and interest rate environments. We believe that by concentrating on reducing these risks we can provide better long-term performance for our investors.

Management Ranking

Experience has taught us the importance of management acumen. We rank management teams based on their experience, past performance and their understanding of their own cost of capital.