diff --git a/scripts/releases/set-version/__tests__/__fixtures__/package.json b/scripts/releases/set-version/__tests__/__fixtures__/package.json
new file mode 100644
index 00000000000..f8a85180bf9
--- /dev/null
+++ b/scripts/releases/set-version/__tests__/__fixtures__/package.json
@@ -0,0 +1,8 @@
+{
+  "name": "@react-native/monorepo",
+  "private": true,
+  "version": "1000.0.0",
+  "devDependencies": {
+    "@monorepo/pkg-c": "0.0.1"
+  }
+}
diff --git a/scripts/releases/set-version/__tests__/__snapshots__/set-version-test.js.snap b/scripts/releases/set-version/__tests__/__snapshots__/set-version-test.js.snap
index 33c0979d209..174df2705ee 100644
--- a/scripts/releases/set-version/__tests__/__snapshots__/set-version-test.js.snap
+++ b/scripts/releases/set-version/__tests__/__snapshots__/set-version-test.js.snap
@@ -1,5 +1,17 @@
 // Jest Snapshot v1, https://goo.gl/fbAQLP
 
+exports[`setVersion updates monorepo for nightly: package.json 1`] = `
+"{
+  \\"name\\": \\"@react-native/monorepo\\",
+  \\"private\\": true,
+  \\"version\\": \\"1000.0.0\\",
+  \\"devDependencies\\": {
+    \\"@monorepo/pkg-c\\": \\"0.81.0-nightly-29282302-abcd1234\\"
+  }
+}
+"
+`;
+
 exports[`setVersion updates monorepo for nightly: packages/monorepo-pkg-a/package.json 1`] = `
 "{
   \\"name\\": \\"@monorepo/pkg-a\\",
@@ -198,6 +210,18 @@ exports[`setVersion updates monorepo for nightly: packages/react-native/template
 "
 `;
 
+exports[`setVersion updates monorepo for release-candidate: package.json 1`] = `
+"{
+  \\"name\\": \\"@react-native/monorepo\\",
+  \\"private\\": true,
+  \\"version\\": \\"1000.0.0\\",
+  \\"devDependencies\\": {
+    \\"@monorepo/pkg-c\\": \\"0.80.0-rc.3\\"
+  }
+}
+"
+`;
+
 exports[`setVersion updates monorepo for release-candidate: packages/monorepo-pkg-a/package.json 1`] = `
 "{
   \\"name\\": \\"@monorepo/pkg-a\\",
@@ -396,6 +420,18 @@ exports[`setVersion updates monorepo for release-candidate: packages/react-nativ
 "
 `;
 
+exports[`setVersion updates monorepo for stable version: package.json 1`] = `
+"{
+  \\"name\\": \\"@react-native/monorepo\\",
+  \\"private\\": true,
+  \\"version\\": \\"1000.0.0\\",
+  \\"devDependencies\\": {
+    \\"@monorepo/pkg-c\\": \\"0.80.1\\"
+  }
+}
+"
+`;
+
 exports[`setVersion updates monorepo for stable version: packages/monorepo-pkg-a/package.json 1`] = `
 "{
   \\"name\\": \\"@monorepo/pkg-a\\",
@@ -594,6 +630,18 @@ exports[`setVersion updates monorepo for stable version: packages/react-native/t
 "
 `;
 
+exports[`setVersion updates monorepo on main after release cut: package.json 1`] = `
+"{
+  \\"name\\": \\"@react-native/monorepo\\",
+  \\"private\\": true,
+  \\"version\\": \\"1000.0.0\\",
+  \\"devDependencies\\": {
+    \\"@monorepo/pkg-c\\": \\"0.82.0-main\\"
+  }
+}
+"
+`;
+
 exports[`setVersion updates monorepo on main after release cut: packages/monorepo-pkg-a/package.json 1`] = `
 "{
   \\"name\\": \\"@monorepo/pkg-a\\",
diff --git a/scripts/releases/set-version/index.js b/scripts/releases/set-version/index.js
index 20d241d8910..f986487e198 100644
--- a/scripts/releases/set-version/index.js
+++ b/scripts/releases/set-version/index.js
@@ -15,7 +15,7 @@
 import type {PackageJson} from '../../utils/monorepo';
 */
 
-const {getPackages} = require('../../utils/monorepo');
+const {getPackages, getWorkspaceRoot} = require('../../utils/monorepo');
 const {setReactNativeVersion} = require('../set-rn-version');
 const {promises: fs} = require('fs');
 const path = require('path');
@@ -61,7 +61,7 @@ async function updatePackageJson(
  * stays 1000.0.0.
  *
  * This script does the following:
- * - Update all public npm packages under `<root>/packages` to specified version
+ * - Update all packages under `<root>/packages` to specified version
  * - Update all npm dependencies of a `<root>/packages` package to specified version
  * - Update npm dependencies of the template app (`packages/react-native/template`) to specified version
  * - Update `packages/react-native` native source and build files to specified version if relevant
@@ -71,7 +71,7 @@ async function setVersion(
   skipReactNativeVersion /*: boolean */ = false,
 ) /*: Promise<void> */ {
   const packages = await getPackages({
-    includePrivate: false,
+    includePrivate: true,
     includeReactNative: true,
   });
   const newPackageVersions = Object.fromEntries(
@@ -83,11 +83,12 @@ async function setVersion(
     newPackageVersions,
   );
 
-  // Exclude the react-native package, since this (and the template) are
-  // handled by `setReactNativeVersion`.
-  const packagesToUpdate = Object.values(packages).filter(
-    pkg => pkg.name !== 'react-native',
-  );
+  const packagesToUpdate = [
+    await getWorkspaceRoot(),
+    // Exclude the react-native package, since this (and the template) are
+    // handled by `setReactNativeVersion`.
+    ...Object.values(packages).filter(pkg => pkg.name !== 'react-native'),
+  ];
 
   await Promise.all(
     packagesToUpdate.map(({path: packagePath, packageJson}) =>
diff --git a/scripts/utils/monorepo.js b/scripts/utils/monorepo.js
index 627e44b63f2..304ee9c37c2 100644
--- a/scripts/utils/monorepo.js
+++ b/scripts/utils/monorepo.js
@@ -65,21 +65,7 @@ async function getPackages(
           ? []
           : ['packages/react-native/package.json'],
       })
-      .map(async packageJsonPath => {
-        const packagePath = path.dirname(packageJsonPath);
-        const packageJson /*: PackageJson */ = JSON.parse(
-          await fs.promises.readFile(packageJsonPath, 'utf-8'),
-        );
-
-        return [
-          packageJson.name,
-          {
-            name: packageJson.name,
-            path: packagePath,
-            packageJson,
-          },
-        ];
-      }),
+      .map(parsePackageInfo),
   );
 
   return Object.fromEntries(
@@ -89,6 +75,36 @@ async function getPackages(
   );
 }
 
+/**
+ * Get the parsed package metadata for the workspace root.
+ */
+async function getWorkspaceRoot() /*: Promise<PackageInfo> */ {
+  const [, packageInfo] = await parsePackageInfo(
+    path.join(REPO_ROOT, 'package.json'),
+  );
+
+  return packageInfo;
+}
+
+async function parsePackageInfo(
+  packageJsonPath /*: string */,
+) /*: Promise<[string, PackageInfo]> */ {
+  const packagePath = path.dirname(packageJsonPath);
+  const packageJson /*: PackageJson */ = JSON.parse(
+    await fs.promises.readFile(packageJsonPath, 'utf-8'),
+  );
+
+  return [
+    packageJson.name,
+    {
+      name: packageJson.name,
+      path: packagePath,
+      packageJson,
+    },
+  ];
+}
+
 module.exports = {
   getPackages,
+  getWorkspaceRoot,
 };