Roark Closes New Funds

Roark Capital Group has completed fundraising for its two newest funds, Roark Capital Partners V LP and Roark Capital Partners II Sidecar LP, with a total of $6.5 billion of capital commitments.

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.

“We are enormously grateful for the continuing support of our longstanding partners, and are excited to welcome new partner relationships to the Roark family,” said Neal Aronson, Roark’s Founder and Managing Partner.

Roark Capital Group invests in franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Since inception, Roark has invested in 65 franchise/multi-unit brands which collectively generate $32 billion in annual system revenues from 32,000 locations in 50 states and more than 80 countries. Roark is headquartered in Atlanta (www.roarkcapital.com).

“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,” said Paul Ginsberg, Roark’s President.

Current portfolio companies of Roark include, among others, Anytime Fitness, Batteries + Bulbs, Cinnabon, Culvers, Jamba Juice, Maaco, Massage Envy, and Moe’s Southwest Grill.

Credit Suisse Securities (USA) was the placement agent for this fundraise and Paul, Weiss, Rifkind, Wharton & Garrison provided legal services.

© 2018 Private Equity Professional | November 1, 2018

Print Friendly, PDF & Email

Related Articles

Brass Ring Closes Third Fund Brass Ring Capital has closed its third fund at its target of $50 million. The new fund was raised after just 90 days of marketing. Brass Ring inve...
CapStreet Promotes Two The CapStreet Group has promoted Adrian Guerra to partner and Kevin Johnson to principal. Both of these promotions became effective on January 1, 2019...
Twin Brook Backs Blue Point Twin Brook Capital Partners provided financing to support Blue Point Capital’s recent acquisition of W.A. Kendall and Co., a provider of vegetation ma...
New Growth Equity Platform at Blackstone Blackstone has hired Jon Korngold, a former managing director at General Atlantic, as senior managing director and head of Blackstone’s growth equity ...
Abacus Backs Platte River Add On Abacus Finance Group was the Administrative Agent and Sole Lender in support of the acquisition of Cutting Edge Services (CES) by In-Place Machining C...
Littlejohn Promotes Three Littlejohn & Co. has promoted Drew Greenwood to managing director, and Charles Leung and William McDavid have been promoted to vice president. ...