Hull Street Energy, LLC (“HSE”), a prominent energy transition investment firm headquartered in the Washington, D.C. metropolitan area, has successfully closed Hull Street Energy Partners III, L.P. (“Fund III”). Targeting strategic investments in the North American power sector amid ongoing decarbonization and electrification of the economy, Fund III was oversubscribed, securing total commitments of approximately $2.2 billion in a fundraising that began about a year ago. HSE received substantial support from institutional investors, including endowments, foundations, insurance companies, pension plans, asset managers, and family offices.
“In today’s power industry, we are all working to enhance sustainability while maintaining reliability, growth, and affordability,” said Sarah Wright, HSE’s Founder and Managing Partner. “HSE deploys capital where it best advances this mission. Our senior team has combined their distinctive technical and commercial expertise, derived from decades of managing power generation assets and system load, with our highly selective approach to talent acquisition to drive expansion. Our rigorous analytical framework, defined by an authentic curiosity about what’s coming next, has enabled us to make significant contributions to the industry’s rapid evolution while delivering strong, risk-adjusted returns to investors over the past decade. We are grateful for the enthusiasm of our high-caliber investors who have chosen to partner with us.”
HSE is differentiated by its deep understanding of local and regional physical electricity markets and grid operations, and its highly quantitative approach to evaluating and operating middle-market power sector assets and businesses. In total, HSE has led the optimization of over 4 gigawatts of operating renewable and gas-fired power generation assets; advanced the development of approximately 10 gigawatts of new renewable, gas-fired, storage resources; and played a pivotal role in growing several critical power grid service businesses. Since inception, HSE has raised over $5.0 billion in equity and debt capital.
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