Institutional Backing and Investor Confidence
The fundraising effort drew support from a broad spectrum of institutional investors, including endowments, foundations, healthcare systems, insurance firms, consultants, family offices, and asset managers.
Scott Harlan, Rockland’s co-managing partner, remarked, “We are grateful for the overwhelming support from our longstanding investors and are excited to welcome new partners to Fund V. The speed of this raise reflects the critical role of dispatchable power generation in maintaining grid reliability during the energy transition, in combination with our historical success investing in these types of assets.”
Market Implications
The successful closing of Rockland’s fifth fund underscores growing investor appetite for power generation assets amid the energy transition. The firm is now positioned to accelerate its strategy of optimizing underutilized assets while supporting the reliability and resiliency of the North American electric grid.
Full legal counsel details for the Willkie team advising Rockland were not immediately available Monday
