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Tortoise launched the Tortoise Tax-Advantaged Social Infrastructure Fund, a closed-end interval fund it registered with the SEC in December 2017. The fund will access the firm's direct lending strategy, which was previously only available to qualified purchasers through a private fund, and will provide capital for social infrastructure projects related to 501(c)(3) organizations, non-profits and other entities authorized to issue private activity and tax-exempt bonds focused on education, healthcare, housing, industrial infrastructure, human service providers and social services. The fund will offer quarterly repurchase opportunities and a management fee of 1.32%.

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