Rockland Capital Closes Rockland Power Partners II at $425 Million
HOUSTON, TX – December 6, 2013 — Rockland Capital, LLC (“Rockland”) a private equity firm focused on the acquisition and optimization of companies in the North American power sector, today announced that it has successfully closed the firm’s latest institutional fund, Rockland Power Partners II, LP (“RPP II”), with $425 million in commitments from 34 institutional investors.
The fundraising was launched in late June with a $425 million target and hard cap. The fund garnered strong support from most of Rockland’s existing investors and some new limited partners. “We were very pleased to receive interest from a broad range of the investment community. The indications of interest exceeded our needs resulting in an efficient fundraising process that took less than 6 months” said Scott Harlan, Managing Partner of Rockland Capital. “The two most significant factors that allowed us to raise capital were the experienced team and the firm’s continued focus on under-managed North American power investments requiring active management to create value.”
The first investment for RPP II is expected to be Rockland’s acquisition of three natural gas plants in Illinois to be purchased from Ameren. The closing of this previously announced transaction is pending regulatory approval.
About Rockland Capital
Rockland Capital, a private equity firm founded in 2003, is focused on the acquisition, optimization and development of companies and projects in the North American power sector. The firm manages Rockland Power Partners and Rockland Capital Energy Investments and has offices in Houston and New York. For further information visit www.rocklandcapital.com.