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

Carrcick Promotes Rob Delaney Carrick Capital Partners, an investor in technology-enabled businesses, has promoted Rob Delaney to Vice President. “Rob has been a great addition....
GTCR Forms Corza Health GTCR has partnered with Gregory Lucier to form Corza Health as a new platform company to acquire life sciences and medical technology companies. GT...
Arcline Closes First Fund Arcline Investment Management has closed its first investment fund, Arcline Capital Partners LP, with $1.5 billion of committed capital. Investors ...
Katten Boosts Private Equity Practice Katten Muchin Rosenman has expanded its corporate and private equity practice in New York with the hiring of Michelle Gyves as a new partner. Prior to...
ParkerGale Adds New Principal ParkerGale Capital has added Kara Master to its team as a new principal. Ms. Master will be involved in all aspects of the firm’s investment process a...
Easy A’s, Killer B’s and Tricky Seas By Andy Greenberg, CEO GF Data® GF Data’s recently released year-end report (Easy A’s and Killer B’s) theorized that a value environment remaining ...