Rockland Capital, LP, a Delaware limited liability company formed in 2008, is registered with the
SEC as an investment adviser. The general partner of Rockland is Rockland Capital GP, LLC,
which is owned by Jonathan M. Beach, James Maiz, Willie Zapalac, and W. Scott Harlan.
Jonathan M. Beach, James Maiz, Willie Zapalac, and W. Scott Harlan are also the limited partners
of Rockland. The following individuals comprise Rockland’s “Investment Committee” for
Rockland Power Partners, LP Rockland Power Partners II, LP, Rockland Power Partners III, LP
and Rockland Power Partners IV, LP: W. Scott Harlan, Jonathan M. Beach, James Maiz, and
Willie Zapalac (collectively, the “Principals”).
Rockland provides investment advisory services to investment vehicles, including, Rockland
Power Partners, LP, Rockland Power Partners II, LP, Rockland Power Partners III, LP, Rockland
Power Partners IV, LP (“Rockland Power Partners Funds”), Rockland GridFlex Partners, LP,
Rockland PHR Partners, LP, Jackrabbit Power Holdings, LLC and Bowline Point Power
Holdings, LLC (each an “Advisory Client” and collectively, the “Rockland Funds”), whose
investments are primarily focused on equity and equity-related investments in the North American
electric power generation markets with a particular emphasis on controlling positions.
Advisory Clients refers to any account for which Rockland provides investment advice and/or
places trades on a discretionary
or non-discretionary basis. The investors and other persons who
invest in Rockland’s Advisory Clients are referred to herein as “Investors”. Unless otherwise
expressly stated herein, the term Advisory Client does not include Investors.
Rockland has an experienced team of investment professionals; the Principals have a long history
of working together investing in the electric power generation markets dating back to the mid-
1990s. Rockland specializes in investments in these markets and only provides investment advice
to investment vehicles that invest in such markets.
In providing its services to Advisory Clients, Rockland and its related persons direct and manage
the investment and reinvestment of each Advisory Client’s assets, and provide reports to Investors.
Rockland manages the assets of each Advisory Client in accordance with the terms of its applicable
governing documents (or investment management agreement, as applicable).
Rockland does not provide portfolio management services to any wrap fee programs.
The information provided herein about the investment advisory services provided by Rockland
is qualified in its entirety by reference to the Advisory Clients’ governing documents.
As of December 31, 2023, Rockland managed approximately $1,823,646,056 of assets in respect
of which Rockland has full investment discretion (subject to the Advisory Client’s established
investment guidelines).