Bethesda’s Hull Street Energy Exceeds Expectations, Raises $1.125 Billion for Institutional Fund
Oversubscribed and closed, a Montgomery County energy investment company has exceeded expectations for its second institutional fund.
Hull Street Energy said it raised a whopping $1.125 billion from a diverse group of institutional investors. The fund received strong interest from endowments, foundations, insurance companies, leading consultants, pension plans, funds of funds and family offices.
The funds will go towards acquiring interest in undermanaged middle-market electricity businesses. Eaton Partners served as global placement agent for the Fund and DLA Piper served as fund counsel.
Based in Bethesda, Maryland, Hull Street Energy was founded and led by Sarah Wright (a Sidwell Friends School trustee) and CEO Todd Wynn (a United States Naval Academy graduate). Hull Street Energy has amassed a portfolio of different companies in the energy sector including Milepost Power Holdings, SunGrid Solutions and Central Rivers Power. The companies range in specialization from hydroelectric power, solar and natural gas to decarbonization.
Hull Street Energy is located at 4747 Bethesda Ave, a new Class-A trophy office tower recently completed by JBG Smith (NYSE: JBGS) where that company also has its headquarters.