Argonaut Private Equity has closed its fourth fund at $400 million. Argonaut Private Equity Fund IV is focused on investing in the industrials, manufacturing and energy services and products sectors in Middle America. The fund’s limited partners include pension funds, endowments, financial institutions and family offices from both the U.S. and abroad.
TULSA, Okla.–(BUSINESS WIRE)–Argonaut Private Equity, a Tulsa, Oklahoma-based private equity firm announced today the final closing of Argonaut Private Equity Fund IV (“APE IV” or the “Fund”), a $400 million fund focused on pursuing disciplined investments across the industrials, manufacturing and energy services and products sectors in Middle America. The Fund reached its hard cap of $400 million and is off to a strong start with over $120 million of equity capital deployed across four portfolio companies.
“Since holding our first close last year, Argonaut has made investments in multiple platform companies across our target sectors and continues to seek out highly capable management teams wanting to partner and execute on growth initiatives,” said Steve Mitchell, CEO and Managing Director of Argonaut.
Like its predecessor, APE IV’s diversified investor base comprises pension funds, endowments, financial institutions and family offices from both the United States and abroad. “This Fund is the next chapter in a legacy of identifying unique opportunities across historically underserved regions and creating long-term value for our partners and investors,” added Kelby Hagar, President of Argonaut.
About Argonaut Private Equity Founded in 2002, Tulsa-based Argonaut has deployed more than $3 billion of capital across over 100 direct investments through a disciplined approach of aligning interests of its investors and business partners. Utilizing the collective strength of its historical investment experience, industry advisors and current portfolio companies, Argonaut looks to share resources, best practices and key relationships between investments to create synergistic opportunities. For more information, please visit www.argonautpe.com