Tortoise Capital Completes Merger of TYG and TEAF, Combining $1.3 Billion in Assets Under Management

Tortoise Capital has completed the merger of Tortoise Energy Infrastructure Corp. (TYG) and Tortoise Sustainable and Social Impact Term Fund (TEAF), with TYG emerging as the continuing fund. The combined total assets under management of TYG are $1.3 billion. TYG will maintain its original investment strategy and objective, offering investors access to infrastructure across the energy value chain. The merger reflects Tortoise Capital's focus on aligning fund structures with investor objectives and enhancing scale and efficiency.