DLA Piper advises energy transition investment firm in US$1.125 billion closing of institutional fund
DLA Piper advised Hull Street Energy, LLC, a Bethesda, MD-based energy transition investment firm, in the closing of its second institutional fund, Hull Street Energy Partners II, LP.
The oversubscribed fund, which closed at its hard cap of $1.125 billion, targets investments in the North American power sector as the world looks for more sustainable solutions. It builds on the success of Hull Street Energy’s first fund, which wields a strong portfolio of hydroelectric assets, thermal power plants, and solar projects throughout the United States.
“It was a privilege to work with Hull Street Energy and help them close their second institutional fund, particularly during a critical time for energy transition,” said Adam Tope, the DLA Piper partner leading the firm’s representation. “Achieving a sustainable future requires substantial investments, and we look forward to leveraging DLA Piper’s experience in the sector to help more clients work toward achieving a more sustainable future.”
The firm’s global investment funds team provides a dynamic, integrated service to sponsors, fund managers and institutional investors, supported by the firm’s international tax and regulatory networks. The team advises clients on the full spectrum of private investment funds, all major investment strategies and all stages of a private investment fund's life cycle.