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Roark Completes $6.5 Billion Fundraise for Two Funds
- Client News
- October 24, 2018
Paul, Weiss advised Roark Capital Group in the formation of two private equity funds: Roark Capital Partners V, Roark’s latest private equity flagship fund; and Roark Capital Partners II Sidecar, Roark’s first sidecar fund. Roark raised an aggregate total of $6.5 billion, with both funds exceeding their initial targets. Roark V closed with $5 billion of commitments and the Sidecar Fund closed with $1.5 billion of commitments. Atlanta-based private equity firm Roark Capital Group is focused on consumer and business service companies, with a specialization in franchised and multi-unit business models in the restaurant, retail, consumer services and business services sectors.
The Paul, Weiss team included corporate partner Amran Hussein and counsel Jyoti Sharma; tax partner Scott Sontag; and ERISA partner Robert Fleder and counsel Jason Ertel.