Tue, Oct 19, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Stellex Capital Management raises nearly $1.8bn for second flagship fund

Thursday, September 10, 2020

Laxman Pai, Opalesque Asia:

Stellex Capital Management has soared to an impressive final close for its sophomore fundraise, beating its initial $1.25bn target to reach $1.775bn final close.

Stellex Capital Partners II, the middle-market distressed and special opportunities fund focuses on investments between $50 million to $150 million within the automotive, aerospace, building products, consumer, defense, food, general industrial, and transportation sectors.

The previous fund of the private equity firm with over $2.6 billion in AUM, closed on $870 million in July 2017.

Investors in the fund include the New York State Common Retirement Fund, Albany; the New Jersey Pension Fund, Trenton; Illinois Teachers' Retirement System, Springfield; Connecticut Retirement Plans & Trust Funds, Hartford; Orange County Employees Retirement System, Santa Ana, Calif.; Houston Firefighters' Relief and Retirement Fund; and Baltimore City Employees' Retirement System.

Stellex's Managing Partner Michael Stewart said: "We are very appreciative of the continued support from our existing LP's as well as our new investors. We are humbled by the trust our partners have in us which manifested itself in investor interest beyond the hard cap established for the Fund, particularly given the current market uncertainty we are all living through."

Stellex's core competency is investing in businesses that would benefit from Stellex's operational expertise and resources, as we......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SPACs: Is the SPAC boom fizzling out?, SPAC merger mania: Companies that went public via blank-check merger in Q3, SPAC marketing heavily curtailed in House Democrats' draft bill[more]

    Is the SPAC boom fizzling out? From Crunch Base: SPACs may be fizzling out. Since February 2021, when the SPAC (special-purpose acquisition company) craze was booming, a market selloff has wiped out about $75 billion of the value of companies that went public using SPACs, according to

  2. U.S.: Peter Thiel gamed Silicon Valley, Donald Trump, and democracy to make billions, tax-free[more]

    From Bloomberg: The meeting started with a thank-you. President-elect Donald Trump was planted at a long table on the 25th floor of his Manhattan tower. Trump sat dead center, per custom, and, also per custom, looked deeply satisfied with himself. He was joined by his usual coterie of lackeys

  3. Opalesque Exclusive: Female led team of veteran ESG investors to launch debut fund[more]

    Bailey McCann, Opalesque New York for New Managers: A female-led team of veteran ESG investors is preparing to launch a new fund early next year built on their ESG investing and advisory experience. Sustainable

  4. Institutional Investors: Vanderbilt University endowment records 57.1% return for fiscal year, MIT endowment logs 55.5% return for latest fiscal year, AP1 re-tenders $720m emerging markets small-cap mandate, Harvard, world's wealthiest university, sees endowment soar to $53.2bn, San Francisco shifts passive equity mandate to active BlackRock ESG strategy[more]

    Vanderbilt University endowment records 57.1% return for fiscal year From PIonline.com: Vanderbilt University's endowment returned a net 57.1% in the fiscal year ended June 30, according to a financial report on the Nashville, Tenn.-based university. The report did not provide benchma

  5. SPACs: After early investors flee SPAC deals, day traders rush in, PE-backed electric car maker Polestar worth $20bn in US SPAC deal, Europe's IPO market roars back to life but where are the SPACs?[more]

    After early investors flee SPAC deals, day traders rush in From WSJ: Day traders are targeting some companies that recently closed SPAC mergers, reinvigorating some of the meme-stock excitement that helped make such deals popular early in the year. The latest special-purpose-acquis