Argo Infrastructure Partners is starting an infrastructure investment alliance and has secured $500 million of commitments, including $250 million from the California State Teachers’ Retirement System. Argo was founded in 2013 by Jason Zibarras, former OECD infrastructure investment CIO at J.P. Morgan Asset Management Global Real Assets.
Zibarras founded Argo with the intention of creating an infrastructure investment alliance with multiple institutional investors. The format of the alliance differs from the typical fund structure in that the alliance partners together will determine the type of investments made, in the manner of a club fund. The alliance will focus on infrastructure in the United States. Argo will source investments and manage them for the alliance.