# NXG NextGen Infrastructure Income Fund

NXG NextGen Infrastructure Income Fund is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Assets under management:** Undisclosed
- **Website:** nxgnextgen.com

## Regulatory record

- **Reports private funds:** No

## About

The NXG NextGen Infrastructure Income Fund operates as a publicly registered, closed-end management investment company listed on the New York Stock Exchange. The fund is advised by Cushing Asset Management, LP, a specialized investment manager with a multi-decade history in energy infrastructure and master limited partnerships (MLPs). NXG NextGen was designed to provide monthly income to shareholders by assembling a portfolio of equity and debt securities issued by companies that own and operate infrastructure assets — pipelines, storage terminals, gathering and processing systems, electric transmission, renewable generation, and water utilities. The fund's portfolio typically spans midstream energy infrastructure, regulated electric and gas utilities, renewable power generation, and communications infrastructure. Holdings have historically included large-cap MLPs like Enterprise Products Partners and Energy Transfer, major renewables developers such as NextEra Energy Partners, and utility companies with stable rate bases across the United States and Canada. The vehicle can invest in both common equity and fixed-income securities, and it may use modest leverage to enhance distributable income. The strategy favors assets with long-lived, fee-based or regulated revenue models that generate predictable cash flows. NXG NextGen is managed by a team of portfolio managers and research analysts at Cushing Asset Management in Dallas, Texas. The firm specializes in real asset investments and manages multiple closed-end funds, open-end mutual funds, and separately managed accounts. The closed-end structure allows the fund to remain fully invested without the pressures of shareholder redemptions, though it also means shares can trade at a persistent discount to net asset value — a structural feature that has historically defined the vehicle's trading dynamics. The fund stands out for its dedicated mandate to combine traditional fossil-fuel infrastructure with NextGen renewable and sustainable infrastructure within a single income-oriented wrapper. Unlike a pure-play renewables fund or a conventional energy income trust, NXG NextGen blends old-economy cash flows with exposure to the energy transition, reflecting a structural bet that midstream assets will continue to finance and enable the buildout of cleaner generation.

## Sectors

- Infrastructure
- Energy Transition & Renewables
- Real Estate
- Utilities

## Questions

### What types of infrastructure assets does the fund own?

The fund holds securities issued by companies that own and operate physical infrastructure assets across several categories: midstream energy (pipelines, storage terminals, processing plants), regulated electric and gas utilities, renewable power generation (wind, solar, hydro), and communication infrastructure. Holdings have historically included major MLPs, publicly traded renewable yieldcos, and utility holding companies with geographically diverse rate bases in the U.S. and Canada.

### What is the fund's strategy regarding traditional energy versus renewable infrastructure?

NXG NextGen explicitly bridges conventional energy infrastructure and next-generation renewable assets within one portfolio. The fund maintains exposure to midstream oil and gas infrastructure — which generates current income from long-term, fee-based contracts — while also investing in renewable developers and operators. This dual mandate reflects a structural view that cash flows from legacy energy assets can underwrite the energy transition while the renewables side provides growth exposure.

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

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