The State Board of Administration of Florida (SBA Florida) has announced a $150 million commitment to Hull Street Energy Partners III in its Q2 New Manager Report.
Hull Street Energy Partners III is a core infrastructure fund managed by Maryland-based Hull Street Energy. The fund opened to investors in February; however, a fundraising target was not disclosed.
Hull Street Energy invests in middle-market power companies that are strategically positioned for growth as North American fuel supply, generation, transmission and behind-the-meter assets transition to support a more sustainable future.
In April 2022, the fund’s predecessor, Hull Street Energy Partners II, closed at $1.125 billion and aimed to invest in the North American power sector.
In its report, SBA Florida stated Hull Street Energy was not a new manager for the pension fund.
