Maryland-based Hull Street Energy has closed its second institutional fund, Hull Street Energy Partners II.
The fund raised $1.125 billion, with backing by a diverse and highly regarded group of institutional investors, including endowments, foundations, insurance companies, leading consultants, pension plans, funds of funds and family offices.
Hull Street Energy targets undermanaged middle-market electricity businesses, leveraging its experience and knowledge of North American electricity infrastructure, fundamentals and grid operations. Hull Street Energy Partners II will invest in the North American power sector.
In January, the fund made its inaugural investment in SunGrid Solutions, a battery energy solutions service (BESS) company.
