Market Overview

Argonaut Private Equity Announces First Close of Argonaut Private Equity IV, LP


Argonaut Private Equity, a Tulsa, Oklahoma-based private equity fund,
announced today the initial closing of Argonaut Private Equity IV, LP,
with commitments totaling over $230 million. Argonaut will continue to
leverage its established record of disciplined investing across the
energy services, industrials and manufacturing industries in Middle

"We are extremely pleased with the results of our first close, which
includes both returning and new limited partners," said Steve Mitchell,
CEO and Managing Director of Argonaut. "Our growing team continues to
pursue unique, off-market opportunities that we believe can create
significant value for both our partners and our investors."

Following today's initial closing, additional commitments are expected
from several limited partners after the completion of their internal
review and approval processes.

"This Fund will continue Argonaut's strategy of partnering with Middle
America's best-in-class operators to build strong companies that create
true, long-term value," added Kelby Hagar, President of Argonaut.

Argonaut's prior fund, Argonaut Private Equity Fund III, LP, closed at
$600 million in July 2016.

Editor's Note:

About Argonaut Private Equity

Founded in 2002, Argonaut Private Equity is a Tulsa-based private equity
firm that manages investments across multiple asset classes with $3
billion of capital deployed in direct investments. With more than 100
investments, Argonaut has fostered an ongoing network of global
relationships to discover and partner with best-in-class management
teams, applying our experience and strengths to deliver solutions,
generate value and propel growth.

Argonaut understands the unique needs of individual businesses that
operate in the central region of the United States and other underserved
markets. Argonaut partners with companies to develop a strategy for
accelerating growth and enhancing operations. Leveraging the collective
strength of our historical investment experience, industry advisors,
current portfolio companies and affiliates, Argonaut looks to share
resources, best practices and key relationships between investments to
create synergistic opportunities across the following sectors: energy
services, manufacturing and industrials.

In July 2016, Argonaut raised Argonaut Private Equity Fund III, a $600
million fund that focuses on investing in growth and mature companies
looking for capital to unlock value creation opportunities, with the aim
of generating attractive investment returns through a disciplined
approach and aligning our interests with those of our investors and
business partners.

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