Rockland Capital Closes Oversubscribed Fund V at US$1.2 Billion

Rockland Capital, a private equity firm focused on control investments in critical power generation assets, announced the closing of Rockland Power Partners V, LP at its hard cap of US$1.2 billion.

The Fund was successfully raised in under eight months, achieving a size over 70% larger than its predecessor. Rockland obtained commitments from a broad and diverse group of leading institutional investors, including endowments, foundations, corporate and public pension funds, healthcare systems, insurance companies, consultants, family offices, and asset managers. 

The Fund will focus primarily on acquiring and operating existing power plants, enhancing and repurposing these assets to improve flexibility, speed, reliability, and capacity in response to the evolving energy market. A smaller portion may be directed toward developing and constructing new power plants tailored to the data center sector’s increasing demand for rapid deployment and high reliability. Probitas Partners served as the Fund’s exclusive placement advisor, while Willkie Farr & Gallagher LLP acted as legal counsel.