Argonaut Private Equity, has held the final closing of Argonaut Private Equity Fund IV (APE IV), a USD400 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 USD400 million and is off to a strong start with over USD120 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,” says 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,” adds Kelby Hagar, President of Argonaut.
