Argosy Strategic Partners (ASP) has held a final closing of Argosy Strategic Partners II.
The fund held its final closing at $70 million, exceeding its $50 million target size and achieving its hard cap in less than five months from its first closing.
The fund will acquire limited partnership interests in buyout, venture capital, real estate, mezzanine and other illiquid private capital funds in secondary market transactions. The fund will also purchase direct interests in venture-backed companies from current and former management and employees, and occasionally, early fund investors in the company.
To date, the fund has acquired 26 fund investments and three direct investments. The fund has several investments under letter of intent, which are expected to close over the next several months and continues to generate strong deal flow and has a substantial pipeline of prospective investments in 2022.
