# Energy Income Partners

Energy Income Partners is an Asset Manager based in Westport, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Westport, United States
- **Region:** North America
- **Address:** Westport, CT, United States
- **Founded:** 2003
- **Assets under management:** $4B–$7B (Altss estimate)
- **Website:** energyincomepartners.com
- **LinkedIn:** https://www.linkedin.com/company/energy-income-partners-llc

## Regulatory record

- **CRD number:** 140799
- **SEC file number:** 801-66907
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/140799

## About

ENERGY INCOME PARTNERS is an SEC-registered investment adviser in WESTPORT, CT, registered since 2006. The firm manages approximately $6.1 billion in regulatory assets. It has 21 employees and 8 investment advisers.

## Sectors

- Energy Transition & Renewables
- Infrastructure

## People

- James Murchie — CEO & Co-Founder
- Eva Pao — Co-Founder & Principal

## Questions

### How is Energy Income Partners different from a typical infrastructure fund?

EIP invests exclusively in publicly listed energy infrastructure securities rather than unlisted project equity or private assets. Its typical holding is common stock in a C-corporation or Master Limited Partnership (MLP) owning regulated pipelines, transmission lines, or storage. The portfolio aims to replicate the cash-yield characteristics of private infrastructure ownership but with daily liquidity, and the firm takes highly concentrated positions in what it judges to be the best-operated regulated assets. EIP's own materials describe the strategy as 'equity investing for income.'

### What is the relationship between Energy Income Partners and Master Limited Partnerships?

MLPs are foundational to EIP's investment universe, though the firm also holds C-corporation pipelines and regulated utilities. On numerous occasions, EIP executives have publicly defended the MLP tax-pass-through structure during Congressional and Treasury rulemaking proceedings. The firm views the pass-through model as an efficient way to transfer cash flow to equity holders without corporate-level double taxation, aligning with its income-first mandate.

### Who runs investment decisions at Energy Income Partners?

CEO James Murchie leads the investment committee. Co-founder Eva Pao shares portfolio management responsibilities and is a listed principal. The firm maintains a comparatively small investment team for its asset base, with decisions reflecting the concentrated portfolio philosophy built on deep single-sector knowledge rather than broad analyst coverage.

### What is EIP's known posture on co-investments alongside external parties?

EIP does not operate a co-investment program in the traditional private-equity sense. Because its strategy is entirely public-market, the firm buys equity on the open market alongside other shareholders without special side-letter arrangements. Its fund vehicles are the primary entry point for allocators; there is no club-deal structure or fee-efficient co-invest vehicle separate from the main funds.

## Related profiles

- [Centurion Advisory Group](https://altss.com/profile/centurion-advisory-group-inc)
- [McMillen & Company](https://altss.com/profile/mcmillen-and-company-inc)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/energy-income-partners

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