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Argonaut Private Capital
Argonaut Private Capital is an SEC-registered investment adviser in Tulsa, OK, registered since 2016. The firm manages $3.0 billion in assets, with $1.7...
Argonaut Private Capital
Argonaut Private Capital is an SEC-registered investment adviser in Tulsa, OK, registered since 2016. The firm manages $3.0 billion in assets, with $1.7 billion on a discretionary basis. It has 23 employees and 19 investment advisers.
General information
Firm type
Bank / Wealth / Trust
Year founded
2019
Location
Region
North America
Country
United States
City
Tulsa
Corporate office
Tulsa, OK, United States
Principals
Larry Nichols
Chairman
David Garofalo
CEO & Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Argonaut Private Capital?
David Garofalo, formerly CEO of Goldcorp and a veteran mining executive, leads investment decisions as CEO and Partner. Larry Nichols, co-founder of Devon Energy, serves as Chairman and provides strategic oversight. The firm blends operational leadership from extractive industries with investment professionals recruited from private equity.
What investment stages does Argonaut typically target?
Argonaut invests from early-stage to growth equity, with a demonstrated willingness to back companies from their first institutional round through later-stage rounds. The Koloma investment in 2024 and Beta Technologies position illustrate the firm's comfort with capital-intensive hard-tech ventures that require sustained follow-on support.
Which sectors does Argonaut explicitly avoid?
Argonaut does not invest in consumer internet, SaaS marketplaces, or advertising-driven business models. The firm's public record shows a strict focus on hard-tech verticals — energy transition, advanced mobility, and industrial enterprise software — where deep operational knowledge of physical industries provides an edge (per firm positioning, 2023).
What is Argonaut's known posture on co-investments alongside external GPs?
Argonaut actively co-invests but selects partners selectively — the firm has appeared alongside Breakthrough Energy Ventures and other strategic, thesis-aligned investors rather than generalist venture platforms. Argonaut does not market co-investment slots, and the firm's public communications suggest a preference for leading or co-leading rounds where it can set terms.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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