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United States : Simpson Thacher Represents Issuer in $485 Million Initial Public Offering by Duff & Phelps Select Energy MLP Fund Inc.

July 8, 2014



Simpson Thacher represented Duff & Phelps Select Energy MLP Fund Inc. (the Fund ) in connection with its $485 million initial public offering of common stock. The Fund is a newly organized, non-diversified, closed-end management investment company which trades on the New York Stock Exchange under the symbol DSE . The underwriting syndicate for the offering was led by Morgan Stanley & Co. LLC and Wells Fargo Securities LLC.

The Fund s investment objective is to seek a high level of total return resulting from a combination of current tax-deferred distributions and capital appreciation. The Fund intends to place an emphasis on investments in midstream master limited partnerships across all market capitalizations. Virtus Alternative Investment Advisers, Inc., the Fund s investment manager, supervises the day-to-day management of the Fund s portfolio by Duff & Phelps Investment Management Co. and provides certain administrative and management services to the Fund.

The Simpson Thacher team for the transaction included: Sarah Cogan, Rafael Vasquez, Adam Moss, Shimeng Cheng, Nakita Cuttino and summer associate Katurah Topps (Capital Markets); Joyce Xu, Andrew Des Rault and Diona Park (Derivatives); Michael Isby (Environmental); and Jonathan Cantor and Devin Heckman (Tax).


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Source: TendersInfo (India)


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