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18 Dec 2024

 

Investec supports US power and energy infrastructure Manager, Rockland Capital, with $175m Subscription Financing for their fourth Power Partners Fund

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Our role

Our successful support of Rockland Capital with a new subscription facility for their fourth fund, empowers Rockland to achieve its growth ambitions and execute its investment strategy, focusing on the critical power and energy infrastructure markets essential for the transition to a lower-carbon economy.

Leveraging our syndication strategy and access to substantial capital pools, we crafted a bespoke solution for Rockland Capital, ensuring capital certainty and access to a diverse range of funding sources.

Since the inception of our partnership with Rockland Capital, we have completed over two deals across two of their funds, Fund III and IV, demonstrating our ongoing dedication to the success of the manager.

Nolena Meche, CFO, commented: "We appreciate Investec's innovative approach and strategic support in helping us continue our investment in critical power generation assets. We look forward to continuing our successful relationship."

 

About Rockland Capital

Founded in early 2003, Rockland Capital is a private equity firm dedicated to acquiring and developing targeted investment opportunities in the power and energy infrastructure markets. With deep expertise in the electric power industry, Rockland’s professionals adopt a hands-on, operational approach to asset management.

This experience and mindset drive Rockland's focus on value-driven investments, particularly in opportunities that require additional management attention due to their structural complexity, operational or financial distress, developmental nature, or market challenges.

Rockland manages Rockland Power Partners IV, LP, a private equity fund with approximately $700 million in commitments from long-standing existing and new institutional investors, including pensions, endowments, foundations, insurance, asset managers, consultants, family offices and healthcare institutions.  The firm also manages Rockland Power Partners III, LP, which was a $454 million private equity fund with investors that include U.S. endowments and foundations, funds of funds, pension plans and family offices, Rockland Power Partners II, LP, which was a $425 million private equity fund and, Rockland Power Partners, LP, which was a $333 million private equity fund.

The firm’s portfolio investments span the United States and the United Kingdom, with project sizes ranging from 1.875 MW to 5 MW, utilising various energy sources including natural gas, coal, biomass, oil, energy storage, wind, and solar power.

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