Roark Capital Group Closes on $1.5 Billion Private Equity Fund

Roark Capital Group, an Atlanta-based private equity investment firm, today announced the closing of its third private equity fund, Roark Capital Partners III LP ("RCP III"), with capital commitments of $1.5 billion. RCP III included strong support from existing Roark investors and a number of new investors, including leading endowments and foundations, public and corporate pension funds, sovereign wealth funds and family offices. Roark's prior fund, Roark Capital Partners II LP, is a $1 billion partnership that commenced in 2008. With the closing of RCP III, Roark now has approximately $3 billion in equity capital under management.

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