Lakeland allocates $25 million to Tortoise MLP

Lakeland (Fla.) Retirement System committed $25 million to Tortoise Direct Opportunities Fund, said Dana Blydenburgh, retirement services director of the $500 million pension fund, in an e-mail.

The energy infrastructure-focused master limited partnership is managed by Tortoise Capital Advisors.

Investment consultant The Bogdahn Group assisted.

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