Roark, an Atlanta-based private equity firm focused on franchise and multi-unit businesses, has ompleted fundraising for its two newest funds, Roark Capital Partners V LP and Roark Capital Partners II Sidecar LP, raising a combined total of USD6.5 billion.
Fund V, Roark’s main fund, targeted USD4 billion and closed on USD5 billion of capital commitments. The Sidecar Fund targeted USD1 billion and closed on USD1.5 billion of capital commitments alongside the main fund.
Neal Aronson, Roark’s Founder and Managing Partner, says: “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, adds: “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.”
