# Argonaut Private Capital

Argonaut Private Capital is a Bank / Wealth / Trust based in Tulsa, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Tulsa, United States
- **Region:** North America
- **Address:** Tulsa, OK, United States
- **Founded:** 2019
- **Assets under management:** $500M - $1B (Altss estimate)
- **Website:** argonautprivatecapital.com
- **LinkedIn:** https://www.linkedin.com/company/argonautpe

## Regulatory record

- **CRD number:** 283878
- **SEC file number:** 801-107803
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-30T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/283878

## About

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.

## Sectors

- Energy Transition & Renewables
- Mobility & Transportation
- Enterprise Software
- Real Estate

## People

- Larry Nichols — Chairman
- David Garofalo — CEO & Partner

## 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.

## Related profiles

- [Argenta Wealth Management](https://altss.com/profile/argenta-wealth-management)
- [Grupo Argos](https://altss.com/profile/argos)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/argonaut-private-capital

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