ROCKLAND CAPITAL, LP

Thesis

Rockland Capital, LP is a private equity firm founded in 2003 that specializes in the acquisition, development, and optimization of companies and projects within the power and energy infrastructure sectors. Their strategy centers on control investments in critical power generation assets, primarily in North America and the United Kingdom. Rockland Capital actively seeks value-driven opportunities, often focusing on assets that are under-managed, operationally or commercially distressed, or possess unique characteristics that can benefit from active management. Their investment thesis involves identifying and improving undervalued or underperforming assets, including contracted independent power projects, renewable power, energy storage, energy and biofuels projects, merchant generation, transmission projects, district heating and cooling, and industrial projects with power and/or steam applications. Their strategies include buyouts (LBO, MBO, MBI), consolidation, growth capital, and special situations/distressed investments. The firm manages multiple funds with a reported AUM of $2.7 billion as of May 2025. Rockland Power Partners V, LP closed oversubscribed at $1.2 billion in June 2025, and Rockland Power Partners IV closed at $700 million in January 2024. Investments are located throughout the United States and the United Kingdom, with project sizes ranging from 5 MW to 1,875 MW. The firm also emphasizes ESG principles in its operations.