Firms & Funds

Emerging Managers: Argonne, Star America, OSP, Summit AG

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Roundup

Fundraising for emerging managers continued at a slow pace. Fifteen emerging managers raised $1.1 billion from April 24 through May 7, according to Buyouts data.

Argonne Capital Partners outraised all firms. The Atlanta-based firm raised $261.3 for its debut parallel fund. It invests in restaurants, retail, automotive service and light industrials.

Star America Infrastructure Partners raised more than $193 million for its sophomore fund, which will focus on projects across transportation, social, environmental and communications.

O’Brien-Stanly Parnters, (OSP), focuses on three strategies: value investing, impact strategy and nationwide loans. Its sophomore value fund raised more than $168 million.

On the venture side, Summit Agricultural Group raised the most. Its debut opportunities fund raised more than $87.9 million.

Below is a rundown of the most significant emerging private equity and venture funds that Buyouts has identified as being in the market over the past few weeks:

Private Equity:

Anderson Growth Partners provides investments and advisory services for families. Its third fund raised $50.5 million.

Argonne Capital Group makes investments across a variety of sectors including restaurants, retail, automotive service and light industrial. Its debut parallel fund raised more than $261 million.

Everside Capital Partners makes direct loans, secondary investment and partnership-style fund investments in the lower-middle market. It raised more than $94 million across two funds.

O’Brien-Stanly Partners has three strategies: value investing, impact strategy and nationwide loan servicing. It raised $168.8 million of a targeted $300 million for its sophomore value fund.

Star America Infrastructure Partners focuses on partnering with states and public agencies to deliver infrastructure projects across transportation, social, environmental and communications. Its sophomore fund raised more than $193 million.

Ultra Capital focuses on investments for infrastructure within agriculture, energy, water and waste. Its sophomore fund raised more than $15.8 million.

Venture Capital:

Bios Partners focuses investments in innovation early-stage and growth-stage biotech and medical device companies. Its third co-investment fund raised $12.2 million of a targeted $30 million.

Bridge Investments helps ignite growth into the tech-enabled services, SaaS and consumer/digitally native brands industries. Its sophomore fund raised over $4.1 million to $50 million.

Cofounders Capital makes early-stage investments into startups. Its sophomore fund raised more than $31.2 million of a targeted $50 million.

Future Positive Capital backs European companies that use advanced technologies to solve the world’s most pressing problems. Its debut fund raised over $57.1 million of a targeted $111.9 million.

March Capital Partners makes early-stage and growth capital investments to breakout companies in technology. Its third opportunity fund raised $43.2 million.

Prime Movers Lab invests in physics-powered startups in the energy, transportation, infrastructure, manufacturing, human augmentation and computing. Its debut fund raised $67.7 million.

Summit Agricultural Group invests in crop production, beef production, pork production and production teams. Its debut opportunities fund raised more than $87.9 million of a targeted $300 million.

UAVenture Capital specifically helps finance University of Arizona-connected enterprises. Its sophomore fund raised over $13.9 million of a targeted $100 million.

VestedWorld targets emerging markets in Kenya. Its sophomore fund raised more than $8 million of a targeted $15 million.