NEW YORK & LONDON — Stellex Capital Management, a middle market private equity firm with headquarters in New York and an office in London, announced the successful closing of its debut fund, Stellex Capital Partners LP, with total commitments of $870 million, exceeding the Fund’s $750 million target.
Stellex has a flexible investment strategy that executes deep value control-oriented middle market investments through structured private equity buyouts or purchases of secondary market debt.
Stellex’s target investment size is $25 million to $100 million, with additional capacity as needed. Stellex primarily focuses on manufacturing and service businesses within sectors such as automotive, aerospace, building products, defense, industrial equipment, metal fabrication and transportation. To date, Stellex has overseen investments in several portfolio companies. Stellex’s Founding Partners, Ray Whiteman and Michael Stewart, have worked together for over 14 years through numerous investment cycles and have extensive experience investing in the target industries.
Messrs. Whiteman and Stewart stated, “We are pleased with the support of our LP’s and their underlying constituents and we are focused on creating value for them. Our team has deployed capital into multiple investments and maintains a robust pipeline of interesting middle market opportunities.”
Prior to forming Stellex, both Whiteman and Stewart were Partners of The Carlyle Group and Co-heads of Carlyle Strategic Partners.