Argonaut Private Equity drew more than $230 million in the first closing of its latest fund.

The Tulsa, Okla.-based private equity fund, through its Argonaut Private Equity IV LP platform, said Aug. 13 that it will continue to invest in the energy services, industrials and manufacturing sectors in Middle America.

Argonaut noted that it expects additional commitments from several limited partners once their internal review and approval processes are finalized.