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Stellex raises $870mUS-based private equity firm closes debut fund above target.
- Just closed: Stellex Capital raises $586m
View the latest closings
- Stellex Capital buys Morbark
Stellex Capital Management acquired family-owned Morbark LLC, a maker of wood chippers and deforestation equipment based in Michigan. Financial terms of the deal were not disclosed.
- LP Radar - December 2015
See the latest PE LP updates, including allocation changes and people moves.
CalPERS goes big on mediumThe California Public Employees’ Retirement System’s five-year plan to reduce the number of general partners within its private equity portfolio includes a program that will allocate up to $2 billion to growing fund managers, according to documents and pension officials.