ATLANTA, Oct. 24, 2018 /PRNewswire/ -- Roark, an Atlanta-based private equity firm focused on franchise and multi-unit businesses, today announced that it completed fundraising for its two newest funds, Roark Capital Partners V LP and Roark Capital Partners II Sidecar LP, raising a combined total of $6.5 billion.
Fund V, Roark's main fund, targeted $4 billion and closed on $5 billion of capital commitments. The Sidecar Fund targeted $1 billion and closed on $1.5 billion of capital commitments alongside the main fund.
Neal Aronson, Roark's Founder and Managing Partner commented: "We are enormously grateful for the continuing support of our longstanding partners, and are excited to welcome new partner relationships to the Roark family."
Paul Ginsberg, Roark's President, added: "Fund V and the Sidecar Fund are important milestones for Roark, and provide us the capital to continue to execute our strategy on behalf of our investors."
For more information, please visit www.roarkcapital.com.
Credit Suisse Securities (USA) LLC acted as placement agent and Paul, Weiss, Rifkind, Wharton & Garrison LLP as legal counsel to Roark.
About Roark
Roark focuses on investing in franchised and multi-unit businesses in the food and restaurant, specialty retail, health and wellness, retail healthcare, consumer and business services, and education sectors. Since inception, affiliates of Roark have acquired 65 franchise/multi-unit brands that have generated approximately $32 billion in annual system revenues from 32,000 locations in 50 states and more than 80 countries.
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