DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Tortoise Credit Strategies, LLC

Former SEC-registered adviserLeawood, KansasCRD 277046SEC 801-101546IAPD
Latest filing Jun 29, 2020
First filing on the tape Jul 17, 2015 · 22 filings
RAUM
$3.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
9.1%
$281M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
17
13 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
1
$187M gross assets
History
22 filings and snapshots on the tape
RAUM$3.1B as of Mar 30, 2020
Mar 30, 2016$66.1M then
HNW client RAUM: no history
State-registered IARs (5.B.3)8 as of Mar 30, 2020
Mar 30, 20160 then
Employees (5.A)17 as of Mar 30, 2020
Mar 30, 20165 then
Private funds1 as of Mar 30, 2020
Mar 30, 20172 then
RAUM -6.0% over the last fiscal year-9.4% a year over threeIARs 10 to 8offices 4 to 2
Practice profile
derived from the filing of Jun 29, 2020; every figure names its basis
RAUM per advisor
$384MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$5.2MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
62%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.1derivedItem 5.A over advisors
Advisors per office
2.7derived3 offices incl. principal (1.F.5)
RAUM growth, one year
-6.0%derivedbetween the last two annual amendments
Advisor growth, one year
-20%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Ownership
a PE fund or sponsor is a 25 percent or greater owner on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pension and profit-sharing plans$1.3B47%
  • State and municipal entities$391M14%
  • Corporations and businesses$349M13%
  • Individuals$281M10%
  • Charitable organizations$238M8.7%
  • Pooled investment vehicles$187M6.8%
Individual clients
349reported
HNW clients
n/areported
Pension plan clients
33reported
Charitable clients
44reported
Accounts
589reported
Financial planning clients
n/areported
Wrap fee programs
$0 sponsored, $751M managedreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Jay Bradley Beman · Chief Investment Officercontrol
    since 01/2018 · owns less than 5%
  • Kevin Harold Birzer · Directorcontrol
    since 07/2015 · owns less than 5%
  • Paul Gary Henson · Directorcontrol
    since 07/2015 · owns less than 5%
  • Ross Michelle Johnston · Directorcontrol
    since 07/2015 · owns less than 5%
  • Jon Brent Newcomb · Directorcontrol
    since 03/2019 · owns less than 5%
  • Gregory Preston Matthew Sallee · Directorcontrol
    since 01/2018 · owns less than 5%
  • Kevin Harold Birzer · Chief Executive Officercontrol
    since 01/2018 · owns F of Tortoise Borrower LLC
  • Paul Gary Henson · Presidentcontrol
    since 01/2018 · owns F of Tortoise Borrower LLC
  • Ross Michelle Johnston · Chief Financial Officercontrol
    since 07/2019 · owns F of Tortoise Borrower LLC
  • Jason Rall · Chief Compliance Officer
    since 06/2016 · owns less than 5%
Entity owners
  • Tortoise Borrower LLC · Member
    direct · owns 75% or more
  • Hcf4 Holdings LLC · Member
    indirect · owns 25% to 50% of Lm Tortoise Holdings Co-Investment LLC
  • Lm Tortoise Holdings Co-Investment LLC · Member
    indirect · owns 25% to 50% of Lm Tortoise Holdings LLC
  • Lm Tortoise Holdings LLC · Member
    indirect · owns 50% to 75% of Tortoise Investments, LLC
  • Lm Tortoise Investment Holdings IV Co-Investment LLC · Member
    indirect · owns 50% to 75% of Lm Tortoise Holdings LLC
  • Lm Tortoise Investment Holdings IV LLC · Managing Member
    indirect · owns 50% to 75% of Lm Tortoise Investment Holdings IV Co-Investment LLC
  • Lm Tortoise Investment Holdings IV-A Inc. · Member
    indirect · owns 25% to 50% of Lm Tortoise Investment Holdings IV LLC
  • Lovell Minnick Equity Advisors IV LP · General Partner
    indirect · owns F of Lovell Minnick Equity Partners IV-A LP
  • Lovell Minnick Equity Advisors IV LP · General Partner
    indirect · owns F of Lovell Minnick Equity Partners IV LP
  • Lovell Minnick Equity Partners IV LP · Member
    indirect · owns 50% to 75% of Lm Tortoise Investment Holdings IV LLC
  • Lovell Minnick Equity Partners IV-A LP · Owner
    indirect · owns 75% or more of Lm Tortoise Investment Holdings IV-A Inc.
  • Tortoise Investments, LLC · Sole Member
    indirect · owns 75% or more of Tortoise Parent Holdco LLC
  • Tortoise Parent Holdco LLC · Sole Member
    indirect · owns 75% or more of Tortoise Borrower LLC
Related persons
Schedule D 7.A
Advisers that list Tortoise Credit Strategies, LLC as a related person
Offices
Schedule D 1.F, the 25 largest
  • Los Angeles, CA15 employees
  • , 1 employees
What changed
consecutive filings, newest first
  • Accounts · 596 to 589
    Jan 13, 2020 to Mar 30, 2020
  • Advisory employees · 18 to 13
    Jan 13, 2020 to Mar 30, 2020
  • Advisory activities · 4 to 3
    Jan 13, 2020 to Mar 30, 2020
  • Charity clients · 46 to 44
    Jan 13, 2020 to Mar 30, 2020
  • Corporate clients · 128 to 129
    Jan 13, 2020 to Mar 30, 2020
  • Individual clients · 354 to 349
    Jan 13, 2020 to Mar 30, 2020
  • Pension plan clients · 32 to 33
    Jan 13, 2020 to Mar 30, 2020
  • Pooled vehicle clients · 2 to 1
    Jan 13, 2020 to Mar 30, 2020
  • Employees · 36 to 17
    Jan 13, 2020 to Mar 30, 2020
  • State-registered IARs · 10 to 8
    Jan 13, 2020 to Mar 30, 2020
  • Other offices · 3 to 2
    Jan 13, 2020 to Mar 30, 2020
  • Private funds · 3 to 1
    Jan 13, 2020 to Mar 30, 2020
  • Discretionary RAUM · $3.3B to $3.1B
    Jan 13, 2020 to Mar 30, 2020
  • Individual RAUM · $256M to $281M
    Jan 13, 2020 to Mar 30, 2020
  • Non-discretionary RAUM · $0 to $5.0M
    Jan 13, 2020 to Mar 30, 2020
  • Pension RAUM · $1.1B to $1.3B
    Jan 13, 2020 to Mar 30, 2020
  • Pooled vehicle RAUM · $430M to $187M
    Jan 13, 2020 to Mar 30, 2020
  • RAUM · $3.3B to $3.1B
    Jan 13, 2020 to Mar 30, 2020
  • Wrap assets (manager) · $598M to $751M
    Jan 13, 2020 to Mar 30, 2020
  • Other offices · 4 to 3
    Dec 4, 2019 to Jan 13, 2020
  • Accounts · 658 to 596
    Sep 14, 2018 to Mar 31, 2019
  • Advisory employees · 19 to 18
    Sep 14, 2018 to Mar 31, 2019
  • Charity clients · 44 to 46
    Sep 14, 2018 to Mar 31, 2019
  • Corporate clients · 142 to 128
    Sep 14, 2018 to Mar 31, 2019
  • Individual clients · 391 to 354
    Sep 14, 2018 to Mar 31, 2019
  • Pension plan clients · 46 to 32
    Sep 14, 2018 to Mar 31, 2019
  • Assets in custody · 54113618.0 to unset
    Sep 14, 2018 to Mar 31, 2019
  • Custody of client assets · true to false
    Sep 14, 2018 to Mar 31, 2019
  • Employees · 30 to 36
    Sep 14, 2018 to Mar 31, 2019
  • Private funds · 2 to 3
    Sep 14, 2018 to Mar 31, 2019
  • Discretionary RAUM · $4.1B to $3.3B
    Sep 14, 2018 to Mar 31, 2019
  • Individual RAUM · $296M to $256M
    Sep 14, 2018 to Mar 31, 2019
  • Pension RAUM · $1.2B to $1.1B
    Sep 14, 2018 to Mar 31, 2019
  • Pooled vehicle RAUM · $454M to $430M
    Sep 14, 2018 to Mar 31, 2019
  • RAUM · $4.1B to $3.3B
    Sep 14, 2018 to Mar 31, 2019
  • Wrap assets (manager) · $620M to $598M
    Sep 14, 2018 to Mar 31, 2019
  • Accounts · 676 to 658
    Feb 14, 2018 to Mar 29, 2018
  • Advisory employees · 21 to 19
    Feb 14, 2018 to Mar 29, 2018
  • Charity clients · unset to 44.0
    Feb 14, 2018 to Mar 29, 2018
  • Corporate clients · unset to 142.0
    Feb 14, 2018 to Mar 29, 2018
Signals
3 dated events
  • Jean Connie Savage (Chief Operating Officer) no longer on Schedule A of Tortoise Credit Strategies, Llc (listed 2019-12-04, absent 2020-01-13)
    Jan 13, 2020 · Control person left · inference
  • Jon Brent Newcomb (Director) appeared on Schedule A of Tortoise Credit Strategies, Llc
    Mar 31, 2019 · Control person joined · fact
  • Tortoise Fi, Llc filed its initial SEC registration (Form ADV)
    Jul 17, 2015 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026