Roark, an Atlanta-based private equity firm focused on franchise and multi-unit businesses, announced that it completed fundraising for its two newest funds, Roark Capital Partners V LP and Roark Capital Partners II Sidecar LP, raising a combined total of $6.5 billion.

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.

Neal Aronson, Roark's Founder and Managing Partner commented: "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, added: "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."