Argonaut Private Equity, a private investment firm focused on investing in Middle America, has held the final closing of Argonaut Private Equity Fund V (APE V) with $500m in capital commitments, exceeding its initial target of $400m and reaching its hard cap for the fund.
Since the Fund’s first close in 2022, Argonaut has continued to invest in its specialty niche of diversified industrial businesses across Middle America. To date, the fund has deployed approximately 39% of its commitments across seven platform acquisitions, including Bandera Utility Contractors, Center Rock, Miller Contracting Services, Petroplex Acidizing., Tulsa Inspection Resources, Allstream Services & Rental, and Chemoil Energy Services.
APE V atta ted support from a range of institutional investors, including pensions, endowments, foundations, sovereign wealth funds, and family offices, among others.
Since inception, Argonaut has deployed over $2.5bn across 40 platform companies while consistently creating value through hands-on operational improvements, including upgrading software systems, bolstering talent development, and engaging in add-on acquisitions.
