TULSA, Okla.--(BUSINESS WIRE)--Argonaut Private Equity, a Tulsa, Oklahoma-based private equity fund, announced today the initial closing of Argonaut Private Equity IV, LP, with commitments totaling over $230 million. Argonaut will continue to leverage its established record of disciplined investing across the energy services, industrials and manufacturing industries in Middle America.
“We are extremely pleased with the results of our first close, which includes both returning and new limited partners,” said Steve Mitchell, CEO and Managing Director of Argonaut. “Our growing team continues to pursue unique, off-market opportunities that we believe can create significant value for both our partners and our investors.”
Following today’s initial closing, additional commitments are expected from several limited partners after the completion of their internal review and approval processes.
“This Fund will continue Argonaut’s strategy of partnering with Middle America’s best-in-class operators to build strong companies that create true, long-term value,” added Kelby Hagar, President of Argonaut.
Argonaut’s prior fund, Argonaut Private Equity Fund III, LP, closed at $600 million in July 2016.
Editor’s Note:
About Argonaut Private Equity
Founded in 2002, Argonaut Private Equity is a Tulsa-based private equity firm that manages investments across multiple asset classes with $3 billion of capital deployed in direct investments. With more than 100 investments, Argonaut has fostered an ongoing network of global relationships to discover and partner with best-in-class management teams, applying our experience and strengths to deliver solutions, generate value and propel growth.
Argonaut understands the unique needs of individual businesses that operate in the central region of the United States and other underserved markets. Argonaut partners with companies to develop a strategy for accelerating growth and enhancing operations. Leveraging the collective strength of our historical investment experience, industry advisors, current portfolio companies and affiliates, Argonaut looks to share resources, best practices and key relationships between investments to create synergistic opportunities across the following sectors: energy services, manufacturing and industrials.
In July 2016, Argonaut raised Argonaut Private Equity Fund III, a $600 million fund that focuses on investing in growth and mature companies looking for capital to unlock value creation opportunities, with the aim of generating attractive investment returns through a disciplined approach and aligning our interests with those of our investors and business partners.
For more information, visit www.ArgonautPE.com.
