USA – Hull Street Energy, LLC, a Bethesda, MD-based energy transition investment firm, closed its second institutional fund, Hull Street Energy Partners II, L.P., at was $1.125 billion.
The fund received interest from a diverse and highly regarded group of institutional investors, including endowments, foundations, insurance companies, leading consultants, pension plans, funds of funds and family offices. The vehicle targets investments in the North American power sector as the economy electrifies and decarbonizes. Led by Sarah Wright, Michael Booth, Mark Orman, Matthew Willis, Steve Morris, David Meeker, Kevin Telford, and Scott Hofmeister, Hull Street Energy targets undermanaged middle-market electricity businesses, leveraging its decades of experience and knowledge of North American electricity infrastructure, fundamentals, and grid operations, including fuel inputs, commodity contract structuring, renewable and fossil powered generation assets, energy storage, transmission and distribution systems, and electricity demand-side businesses to build value for stakeholders.In January of this year, the Fund made its inaugural capital commitment to SunGrid Solutions, a Battery Energy Solutions Service (BESS) company. Its first fund is fully deployed, having acquired an attractive portfolio of hydroelectric assets, thermal power plants, and solar projects throughout the U.S. 01/04/2022
