Rockland Capital, an investment company that focuses on acquisition, development and optimization of companies and projects in the North American energy sector, has raised $421.7 million for Rockland Power Partners III, according to a filing with the SEC. The firm did not comment on its fundraising efforts.
Rockland Power Partners III is seeking to raise $450 million in total equity commitments, according to the filing.
Rockland Power Partners III opened in 2016. It follows its predecessor, Rockland Power Partners II, which closed in 2013 with $425 million in commitments from 34 institutional investors.
In July 2017, the firm acquired 100 percent of the interests in the Lee Energy Facility from Dynegy Inc., a 780-megawatt natural gas-fired peaking facility located in Dixon, Ill., for $180 million.
