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.