Argo Infrastructure Raises $2B to Power Portfolio Growth

Argo Infrastructure Partners, a premier North American mid-market asset manager founded by Jason Zibarras, has announced the successful recap of a series of strategic financings across its expansive portfolio. With a focus on essential infrastructure—including utilities, renewable energy, and digital infrastructure—Argo has raised approximately $2 billion over the past 12 months. These transactions strengthen the capital structures of its 18 portfolio companies, supporting investment, growth, and long-term value creation.

1. Platform-Wide Financing Strategy:

• Argo’s financing efforts spanned multiple asset classes, capital structures, and markets.
• The objective: improve liquidity, reduce cost of capital, and enhance balance sheet flexibility.
• Financing tools included bridge loans, asset-backed securities (ABS), and long-term notes.

2. Institutional Capital Sourcing & Credit Ratings:

• Leveraged deep institutional and capital market relationships to secure favorable rates.
• Guided several companies through their first credit rating processes.
• Achieved investment-grade ratings for long-term debt, reducing future borrowing costs.

3. Strategic Value Creation Through Debt Optimization:

• Jason Zibarras emphasized the importance of aligned capital structures in driving value.
• Restructuring improved operational flexibility and reduced volatility across the portfolio.

4. Portfolio Companies – Select Financing Highlights:

• TierPoint – $550M (Q2 2024):
  Executed a tap issuance on TierPoint’s ABS structure to unlock liquidity.
• Corning Energy – $120M (Q3 2024):
  Refinanced amortizing bank debt into fixed-rate notes and added a revolving credit facility to support regulated utility investments.
• Hawaii Gas – ~$250M (Q3 2024):
  Full refinancing using a hybrid bank-bond structure. Argo facilitated inaugural investment-grade ratings.
• Smoky Mountain Hydro – ~$300M (Q4 2024):
  Jointly with Brookfield, executed an up-sized debt transaction backed by a new 10-year off-take agreement with the TVA.
• TierPoint – $500M (Q2 2025):
  Continued growth support through incremental ABS issuance at favorable pricing.
• LAZ Parking – >$200M (Q2 2025):
  Significant capital injection to support operational and expansionary initiatives.

5. Argo’s Differentiated Financing Expertise:

• Andrew Zaroulis, Managing Director, highlighted Argo’s bespoke capital solutions and ability to access otherwise unavailable funding.
• Demonstrates Argo’s position as a strategic financial partner across sectors.

Through its multi-faceted financing strategy and deep capital markets expertise, Argo Infrastructure Partners has positioned its 18-company portfolio for long-term success. With over $2 billion in recent financing activity, Argo has not only improved portfolio liquidity and lowered capital costs but also enabled key investments across regulated utilities, clean energy, and digital infrastructure. This platform-wide recapitalization underscores Argo’s commitment to sustainable growth, strategic value creation, and operational resilience in the evolving infrastructure landscape.