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Argonaut closes PE fund at $400M hard cap

Argonaut Private Equity Fund IV LP secured $400 million at final close, achieving its hard cap.

The fund attracted capital from pension funds, endowments, financial institutions and family offices from the U.S. and abroad. It will invest across the industrials, manufacturing and energy services and products markets in Middle America.

The vehicle, which is managed by Tulsa, Okla.-based private equity firm Argonaut Pvt. Equity, has already deployed more than $120 million of its capital across four portfolio companies.