The New Mexico State Investment Council (SIC) has approved a commitment of up to $75 million to a co-investment separately managed account with Hull Street Energy Fund III.
The co-investment SMA will invest alongside a $150 million commitment New Mexico SIC made to Hull Street Energy Partners III in August 2024.
Hull Street Energy is a U.S.-based independent asset manager, specializing in investments in North America operating power, renewable development opportunities and energy service.
Hull Street Energy Partners III takes a holistic, data-driven, value-oriented approach to investing in mid-market North American power investments. A key focus is acquiring operating power plants, typically those it identifies as having been undermanaged or that possess other attractive attributes. Investments in Fund III are expected to reflect a larger component of investments in renewables.
New Mexico SIC staff views Hull Street Energy Partners III as a compelling opp
