Overview
ADVISORY BUSINESS
Argand is a New York and San Francisco Bay Area‐based private equity firm focused primarily on
acquiring controlling interests in middle‐market businesses. Argand was formed in 2015.
Argand and/or one or more of its affiliates provide investment advisory services to private equity funds
(the “Funds” or “Clients”). The limited partners or members in the Funds are the “Investors.” Each
general partner or managing member of the Funds is, collectively, the “General Partners.” The General
Partners of the Funds are affiliates of Argand. The investment strategy of the Funds is described in Item
8 below and set forth more fully in the private placement memoranda or other offering materials of the
Funds (the “Offering Documents”). The Funds include (i) Argand Partners Fund, LP, including any
associated alternative investment vehicles, parallel funds, or other investment funds investing in
concert, and that are privately‐offered to certain qualifying investors (the “Main Funds”), and (ii) certain
other vehicles formed by the Main Funds for the purpose of investing in one or more portfolio
companies and
that may be privately offered to strategic and other investors that may or may not be
limited partners in the Main Funds and that wish to invest alongside the Main Funds in a portfolio
investment (the “Co‐Investment Funds”).
Each of the Funds is managed in accordance with its own investment objectives, strategies, restrictions,
and guidelines set forth in its respective Offering Documents and governing agreements, including, if
applicable, any management or advisory agreement between Argand and such Fund (the “Management
Agreement”). The investment advisory services provided by Argand to the Funds are not tailored to the
needs of any individual Investor. Additional information about each of the Funds can be found in its
respective Offering Documents and governing agreements.
Argand’s principal owners are Joseph G. Del Toro, Heather L. Faust, Howard D. Morgan, and Joyce D.
Schnoedl (each of whom holds interests indirectly through intermediate entities).
As of December 31, 2023, Argand has $928,979,459 in assets under management on a discretionary
basis and no assets under management on a nondiscretionary basis.