UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.)*
Crosstex Energy, LP
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(Name of Issuer)
Common Units
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(Title of Class of Securities)
22765U102
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(CUSIP Number)
December 31, 2005
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act,
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP No. 22765U102
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Tortoise Capital Advisors LLC (22-3875939)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ X ]
(See Instructions)
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
0
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NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,573,330 (see Item 4)
OWNED -------- ---------------------------------------------------------
BY EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
-------- ---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,592,335 (see Item 4)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,592,335 (see Item 4)
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES (See Instructions)
Not Applicable
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.04%
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
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CUSIP No. 22765U102
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Tortoise Energy Capital Corporation (20-2721018)
- ------------- ------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ X ]
(See Instructions)
- ------------- ------------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
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5 SOLE VOTING POWER
0
-------- ---------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,269,913 (see Item 4)
OWNED -------- ---------------------------------------------------------
BY EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
-------- ---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,269,913 (see Item 4)
- ------------- ------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,269,913 (see Item 4)
- ------------- ------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES (See Instructions)
Not Applicable
- ------------- ------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.09%
- ------------- ------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IV
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Item 1(a) Name of Issuer:
Crosstex Energy, LP
Item 1(b) Address of Issuer's Principal Executive Offices:
2501 Cedar Springs Rd., Suite 600, Dallas, TX 75201
Item 2(a) Name of Persons Filing:
This 13G is being jointly filed by Tortoise Capital Advisors LLC, a
Delaware limited liability company ("TCA"), and Tortoise Energy Capital
Corporation, a Maryland corporation ("TYY").
TCA and TYY have entered into an Agreement Regarding Joint Filing of 13G
dated January 9, 2006 (the "Agreement") pursuant to which TCA and TYY have
agreed to file this 13G jointly in accordance with the provisions of Rule
13d-1(k)(1) of the Securities Exchange Act of 1934, as amended (the "Act"). A
copy of the Agreement is attached hereto as Exhibit A.
Item 2(b) Address of Principal Business Office or, if None, Residence:
The principal business address of both TCA and TYY is 10801 Mastin Blvd.,
Suite 222, Overland Park, Kansas 66210.
Item 2(c) Citizenship:
TCA is a Delaware limited liability company and TYY is a Maryland
corporation.
Item 2(d) Title of Class of Securities:
Common Units
Item 2(e) CUSIP Number:
22765U102
Item 3 The Reporting Person is:
TCA is an investment adviser in accordance with ss. 240.13d-1(b)(1)(ii)(E)
and TYY is an investment company registered under Section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8).
Item 4 Ownership:
TCA acts as an investment advisor to TYY, a closed-end investment company
registered under the Investment Company Act of 1940. TCA, by virtue of an
Investment Advisory Agreement with TYY, has all investment and voting power over
securities owned of record by TYY. However, despite its delegation of investment
and voting power to TCA, TYY may be deemed to be the beneficial owner under Rule
13d-3 of the Act, of the securities it owns of record because it has the right
to acquire investment and voting power through termination of the Investment
Advisory Agreement. Thus, TCA and TYY have reported that they share voting power
and dispositive power over the securities owned of record by TYY. In addition to
acting as an investment advisor to TYY, TCA also acts as an investment advisor
to Tortoise Energy Infrastructure Corporation, a closed-end investment company
registered under the Investment Company Act of 1940 ("TYG"). TCA, by virtue of
an Investment Advisory Agreement with TYG, has all investment and voting power
over securities owned of record by TYG. However, despite its delegation of
investment and voting power to TCA, TYG may be deemed to be the beneficial owner
under Rule 13d-3 of the Act, of the securities it owns of record because it has
the right to acquire investment and voting power through termination of the
Investment Advisory Agreement. Thus, TCA has reported that it shares voting
power and dispositive power over the securities owned of record by TYG. TCA also
acts as an investment advisor to certain managed accounts. Under contractual
agreements with individual account holders, TCA, with respect to the securities
held in the managed accounts, shares investment and voting power with certain
account holders, and has no voting power but shares investment power with
certain other account holders. TCA may be deemed the beneficial owner of the
securities covered by this statement under Rule 13d-3 of the Act. None of the
securities listed below are owned of record by TCA, and TCA disclaims any
beneficial interest in such shares.
A. Tortoise Capital Advisors
(a) Amount beneficially owned: 1,592,335
(b) Percent of class: 10.04%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or direct the vote: 1,573,330
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of:
1,592,335
B. Tortoise Energy Capital Corporation
(a) Amount beneficially owned: 1,269,913
(b) Percent of class: 8.09%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or direct the vote: 1,269,913
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of:
1,269,913
Item 5 Ownership of Five Percent or Less of a Class:
Not Applicable
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
TYY, TYG and the managed accounts discussed in Item 4 above have the right
to receive all dividends from, and the proceeds from the sale of, the securities
held in their respective accounts. Except for TYY, the interest of any one such
person does not exceed 5% of the class of securities.
Item 7 Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company:
Not Applicable
Item 8 Identification and Classification of Members of the Group:
Not Applicable
Item 9 Notice of Dissolution of Group:
Not Applicable
Item 10 Certification:
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose of or
with the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: January 9, 2006
Tortoise Capital Advisors LLC
By: /s/ Terry Matlack
------------------------------------
Title: CFO
---------------------------------
Tortoise Energy Capital Corporation
By: /s/ Terry Matlack
------------------------------------
Title: CFO
---------------------------------
Exhibit A
AGREEMENT REGARDING THE JOINT FILING OF SCHEDULE 13G
In accordance with Rule 13d-1 (k) under the Securities Exchange Act of
1934, as amended, the undersigned agree to the joint filing on behalf of each of
them of a statement on Schedule 13G (including amendments thereto) with respect
to the Common Units of Crosstex Energy, LP, and further agree that this
agreement be included as an exhibit to such filings.
In evidence whereof, the undersigned have caused this Agreement to be
executed on their behalf this 9th day of January, 2006.
Tortoise Capital Advisors LLC
By: /s/ Terry Matlack
------------------------------------
Title: CFO
---------------------------------
Tortoise Energy Capital Corporation
By: /s/ Terry Matlack
------------------------------------
Title: CFO
---------------------------------