Argosy Private Equity closes its sixth fund at $422 million
WAYNE, Pa., July 25, 2022 /PRNewswire/ — Argosy Private Equity (“Argosy”), a private equity firm focused on the lower middle market, announces the final closing of Argosy Investment Partners VI, LP (and its parallel fund, together “Argosy VI”) at $422 million.
“This is an exciting step for Argosy. We are grateful for the continued support from our existing investors and the strong interest we have generated from new investors, which has enabled us to exceed our target fund size for Argosy VI by more than 20%,” said Sarah BuschHead of Investor Relations.
Argosy VI will continue to build on Argosy’s 30 years of experience investing in US companies with motivated management teams, sustainable competitive advantages and strong growth potential. In line with Argosy V, Argosy VI will focus on making control investments in niche manufacturing and business-to-business services businesses with $20 at $100 million of income and $3 at $10 million of EBITDA.
“The Argosy brand was built on being disciplined investors in the lower middle market and we continue to believe in the opportunity it has to offer,” said Michael Bailey, Partner. “Argosy VI will continue to execute on the strategy we have developed over the past three decades, and we look forward to working with the leadership teams we will partner with throughout Argosy VI. »
With a team of 22 professionals, Argosy has invested in over 125 companies since its inception and can execute deals of varying sizes through an extensive network of partners, including senior lenders, mezzanine debt providers and co-investors. in capital.
“Over the past 30 years, we have developed several key differentiators that will allow us to continue to execute our proven strategy,” said Steve Morgenthal, General director. “This includes our experienced team, strong deal sourcing capability, strong focus on risk mitigation and Argosy’s VAM™ – our value acceleration methodology. Driven by our four on-time in-house operational partners full, VAM™ enables us to help our portfolio companies’ management teams grow and professionalize their lower-middle-market businesses.”
Winston & Strawn provided legal advice for Argosy VI.
About Argosy Private Equity
Argosy Private Equity, founded in 1990, specializes in providing capital and operational and financial expertise to lower middle market companies across a wide range of industries. Argosy partners with motivated management teams to invest in companies with sustainable competitive advantages and attractive growth prospects. Argosy Private Equity is a division of Argosy Capital Group, Inc. (“Argosy Capital”) along with Argosy Real Estate Partners, Argosy Credit Partners, Argosy Strategic Partners and Argosy Healthcare Partners. Argosy Capital is a registered investment adviser with approximately $2.7 billion of assets under management. All of Argosy Capital’s funds focus on lower middle market investment strategies.
For more information on Argosy Private Equity, please visit www.argosype.com.
Director, Investor Relations
Vice President, Business Development
SOURCE Argosy Private Equity