DLA Piper Advised Hull Street Energy On US$2.2 Billion Fund III Closing

DLA Piper advises Hull Street Energy on US$2.2 billion Fund III closing

DLA Piper advised Hull Street Energy, LLC (HSE), a prominent energy transition investment firm, on the successful closing of Hull Street Energy Partners III, L.P. (Fund III). The oversubscribed fund, focused on middle-market investments in the North American power sector, raised approximately US$2.2 billion, reflecting investor confidence in the ongoing decarbonization and electrification of the economy.

Fund III’s first investment occurred late last year with the acquisition of 300 megawatts of critical power generation capacity in New York. It has since entered into an agreement to acquire additional assets in the Midwest and has commenced development of a one gigawatt gas-fired peaker project in Texas, in association with the Texas Energy Fund.

"We were pleased to advise HSE on the successful closing of this oversubscribed fund, highlighting the strength and experience of our investment funds team in the energy transition sector," said Adam Tope, the DLA Piper partner who led the deal team.

The DLA Piper team was led by Adam Tope (Partner, New York), with support from Witold Jurewicz (Partner, New York), Meghan Carey (Of Counsel, Washington, DC), and Henry Minor and Tucker Golay (Associates, New York).

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