Argosy Markets · In developmentIndependent capital. Coordinated investment.
Argosy

For private investors, family offices and their advisers

Every mandate is an order.

Argosy is building a dedicated investment office for you and your adviser—one you can reach by email, text or phone.

Your portfolio will guide what we pursue. When investors’ requirements fit, their capital can help source investments and form funds.

Contact Argosy See how Argosy works
Separate portfolios shape a shared programThree independent portfolio tracks intersect a proposed investment program. Their portfolios continue separately beyond the intersection.Independent portfoliosProposed programAveryBlairCasey
Each portfolio sets its own terms.

Your Argosy office

Start with
a conversation.

Forward a capital call. Ask about a company. Tell Argosy you’ll need cash next year.

The planned office uses AI agents to read your records and keep track of your holdings, commitments and instructions. Each conversation adds context to the work already underway.

You and your adviser decide what Argosy can act on and what needs approval.

Email

“Here’s the capital call.”

The obligation is checked and reserved before another commitment is considered.

Text

“I’d like to look at infrastructure.”

Argosy counts what you already own, including exposure inside funds.

Phone

“Keep $500,000 available.”

The cash requirement carries into the next proposal.

Illustrative correspondence. Follow Avery’s record in the office walkthrough.

The portfolio comes first

What you own
changes what fits.

Avery is considering a new infrastructure investment. Existing holdings and obligations come into the decision.

The account balance is only the starting point. Argosy looks through existing funds, reserves for accepted capital calls and protects cash Avery needs elsewhere.

Infrastructure through funds
$400,000
Direct infrastructure holdings
$200,000
Existing exposure counted
$600,000
Capacity for a new commitment
$250,000

Illustrative portfolio. The $250,000 capacity cannot cover both a $250,000 program commitment and a separate $150,000 investment.

Your portfolio is the brief

Investment formation, from the investor’s side.

The requirements
shape the fund.

An investment partner investigates assets and terms for a private-infrastructure fund. Argosy checks the proposal against each investor’s portfolio.

Participants can commit different amounts. Some decline. The fund proceeds only when its commitments and closing conditions are met.

Private infrastructure / $2m minimum

Illustrative formation

Independent portfolios. Shared investment programs. Illustrative private-infrastructure fund. Ten investors express interest in private infrastructure. Argosy develops a sourcing brief; an investment partner investigates available assets and a fund structure. No one has committed capital. Interest has not become compatible commitments. This program remains unformed. Horizontal tracks remain separate portfolios. Independent portfolios Private infrastructure $2m minimum Private credit Proposed program Avery Interest Blair Interest Casey Interest Devon Interest Ellis Interest Frankie Interest Gray Interest Harper Interest Indigo Interest Jules Interest Interest recorded Remains proposed
Avery’s portfolioPrivate infrastructure
Interest
Interest recordedStill Avery’s own portfolio.
The other nine investors
BlairInterest recorded
CaseyInterest recorded
DevonInterest recorded
EllisInterest recorded
FrankieInterest recorded
GrayInterest recorded
HarperInterest recorded
IndigoInterest recorded
JulesInterest recorded

Jules declines the proposal because of existing concentration. Different participation does not require the same portfolio.

Private credit: Interest has not become compatible commitments. This program remains unformed.

Interest recorded

The search begins with requirements.

Ten investors express interest in private infrastructure. Argosy develops a sourcing brief; an investment partner investigates available assets and a fund structure. No one has committed capital.

No commitments$2m minimum
Outstanding:Terms evaluatedOutstanding:Agreements acceptedOutstanding:Authority verifiedOutstanding:Minimum committedOutstanding:Required consentsOutstanding:Initial funding

Alternative proposals start before acceptance.
Existing obligations remain in force.

Fictional program and participants. The manager invests under the fund’s agreed rules. Forming the fund and acquiring an underlying asset are separate events.

Follow the complete example

After the commitment

Your office
keeps working.

A capital call changes cash and unfunded commitments together. A new instruction changes future decisions. It does not erase an obligation already accepted.

The office is designed to keep that history attached to the portfolio, so the next conversation starts with the work already done.

Follow Avery through two capital calls

For advisers

Argosy is being designed for use across your client portfolios, with a separate record and mandate for each client.

You keep the client relationship. You and your client define Argosy’s authority, including which decisions need approval.

Argosy research

John Komkov
Working paper · 5 October 2026

Why does the organization of capital affect what investors can own?

The Organization of
the Investment Frontier

The paper studies investments that require several independently governed investors to participate—and the conditions that let those investments form.

Read the synopsis All research

Argosy Markets

What do you
want to own?

Argosy is building a continuing investment office for private investors and their advisers. About the company.

Contact Argosy