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Adviser Profile

As of Date 03/27/2024
Adviser Type - Large advisory firm
Number of Employees 13 18.18%
of those in investment advisory functions 8
Registration SEC, Approved, 01/15/2021
Other registrations (2)
Former registrations

POWERPLANT MANAGEMENT, LLC

AUM* 571,834,337 5.10%
of that, discretionary 571,834,337 5.10%
Private Fund GAV* 571,834,336 5.10%
Avg Account Size 95,305,723 5.10%
SMA’s No
Private Funds 6
Contact Info 347 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
653M 560M 467M 373M 280M 187M 93M
2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count3 GAV$532,737,351
Fund TypeVenture Capital Fund Count3 GAV$39,096,985

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Brochure Summary

Overview

GroundForce is a California-based growth equity investment management firm that was founded in 2015. The principal owners of GroundForce are Mark Rampolla and Daniel Gluck. Currently, GroundForce performs investment advisory functions through one of the Firm’s two offices in California. GroundForce is focused on investing in companies that seek to catalyze the transition to lower carbon and regenerative food production and companies that seek to promote healthier, sustainable lifestyles (each a “Portfolio Company”) via privately negotiated investments in equity or equity-oriented securities. GroundForce currently provides discretionary investment advisory services to pooled investment vehicles, including Powerplant Ventures, L.P. (“Fund I”), Powerplant Ventures II, L.P. (“Fund II”), Powerplant Ventures II-A, L.P. (“Fund II-A”), OWYN SPV, LLC (“OWYN”), GroundForce Growth I, LP (“Growth Fund I), and GroundForce Miyoko’s SPV, LLC (“Miyoko’s and, together with Fund I and Fund II, OWYN, and Growth Fund I, the “Funds”). Each Fund is organized as a Delaware limited partnership, is exempt from registration under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”) and has issued securities that will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The general partner of Fund I is Powerplant, LLC (“Fund I GP”), of Fund II, Fund II-A, and OWYN is Powerplant II, LLC (“Fund II GP”), and of Growth Fund I and Miyoko’s is GroundForce I, LLC (“Growth Fund I GP” and, together with Fund I GP and
Fund II GP, the “General Partners”). The General Partners have the power and authority to delegate the management of the Funds to GroundForce, which is an affiliate of the General Partners. In providing services to the Funds, GroundForce formulates an investment objective, directs and manages the investment and reinvestment of the Funds’ assets, and provides periodic reports to the investors in their respective Funds (each, an “Investor” and collectively, the “Investors”). GroundForce manages the assets of the Funds in accordance with the terms of the Funds’ applicable offering documents, limited partnership agreements and other governing documents (collectively, “Governing Documents”). GroundForce does not provide investment advice to separately managed accounts nor does it provide investment advice to individual Investors. However, the Firm or its affiliates may enter into a side letter or similar agreement with an Investor that may entitle the Investor to impose restrictions on investing in certain securities or types of securities. Such agreements may provide for limitations or restrictions with respect to (i) opting out of particular investments, (ii) transfers to affiliates, and (iii) co-investment opportunities. In addition, GroundForce may enter into a side letter or similar agreement with an Investor to provide for reduced management fees, carried interest or other preferential economic terms. As of December 31, 2023, GroundForce managed Regulatory Assets Under Management of approximately US $ $571.8 million on a discretionary basis.