Argosy Capital has closed its fourth fund with $180 million in capital commitments. The Wayne, Penn.-based firm focuses on lower middle-market operating companies and real estate.
Argosy Capital, an investment fund manager focused on lower middle market operating companies and real estate, announced today the final close of Argosy Investment Partners IV, L.P. at $180 million. The close of this fund brings the total assets under management by Argosy Capital to more than $500 million.
The close of this fourth private equity investment fund coincides with the 20th anniversary of Argosy Capital. For the past two decades, Argosy’s Private Equity team has invested equity and mezzanine in buyouts, recapitalizations and growth financings of lower middle market operating companies. Argosy invests in inefficient markets where creativity, hard work and disciplined risk-taking yield significant returns.
“This closing validates Argosy Private Equity’s commitment to generating exceptional results using our consistent strategy and years of experience to identify and substantially grow manufacturing and business services companies,” said Kirk Griswold, Founding Partner, Argosy Capital.
“With this closing, we celebrate 20 years of success,” commented John Kirwin, Founding Partner, Argosy Capital. “It’s a testament to our investment strategy, the professionalism of our team, and the strength and entrepreneurial spirit of the business managers with whom we partner.”
In addition to Griswold and Kirwin, Argosy Private Equity’s investment team includes Michael Bailey, Partner; Jack Nugent, Principal; Keven Shanahan, Principal; and Steven Morgenthal, Operating Partner.
About Argosy Capital
Founded in 1990, Argosy Capital invests entrepreneurial capital with experienced business partners in two asset classes, lower middle market operating companies and real estate. Argosy Capital is focused on creating value with its business partners by investing in inefficient markets where creativity, hard work and disciplined risk taking can generate exceptional returns for the benefit of all stakeholders. As partners with investors, co-investors, and operating partners, Argosy is dedicated to creating value by building upon the strengths of the people, companies and real estate assets in which they invest. To learn more about Argosy Capital, visit http://www.argosycapital.com/.