New York City–based Argo Infrastructure Partners has closed its third fund with more than $2 billion in capital commitments, making it the firm’s largest fund.
Following a core investment strategy, Argo targets long-duration investments in lower-risk, higher-quality infrastructure, with a focus on operational, mature assets in the United States and Canada. Target sectors include renewables, storage, transmission, generation, mature transport, digital and water assets.
Argo’s third fund attracted new and existing investors from Europe, North America, Asia and the Mideast, including major pension funds, insurance companies, foundations and other financial institutions. Existing investors increased their prior commitments through re-ups, and several new large institutional investors also backed the fund.
“The closing of our third fund, during a pandemic, exceeding our target and completed in less than 12 months reflects the quality and capability of Argo’
