Argonaut Private Equity raises $400m

The US private equity firm closes fourth fund at hard-cap.

Argonaut Private Equity has closed its fourth fund, Argonaut Private Equity Fund IV, at its $400 million hard-cap. The fund invests in industrials, manufacturing, and energy services and products companies in the US.

The fund’s limited partners include pension funds, endowments, financial institutions and family offices. The Oklahoma Firefighters Pension & Retirement System has disclosed a commitment of $15 million.

Argonaut Private Equity Fund III held a final close at $600 million in July 2016.