Rockland Capital Closes Oversubscribed Fund V at $1.2 Billion

Rockland Capital (“Rockland”), a private equity firm focused on control investments in critical power generation assets, announced the closing of Rockland Power Partners V, LP (together with its related vehicles, the “Fund”) at its hard cap of $1.2 billion. The Fund was raised in less than eight months, representing more than a 70% increase in size from the predecessor fund.

Rockland secured commitments from a diverse group of leading institutional investors, comprised of endowments, foundations, corporate and public pensions, healthcare systems, insurance companies, consultants, family offices, and asset managers.

Led by a cohesive team with extensive experience across the power industry, Rockland focuses on power generation assets that are under-managed, option-rich, and capable of providing critical reliability services to a grid under strain from both supply and demand challenges.

The Fund will primarily invest in existing operating power plants, adapting and repurposing assets to add flexibility, speed, reliability, and capacity to address the pressures from an evolving energy landscape. A smaller portion of the Fund may be allocated to the development and construction of new power plants designed to meet the data center sector’s growing need for rapid deployment and high reliability.