Just closed: Stellex Capital raises $586m

View the latest closings

Stellex Capital Management has raised $586 million for its Stellex Capital Partners, according to a SEC filing. The New York-headquartered firm began fundraising in 2014 with a $750 million target.

Investors that committed to Stellex Capital Partners include the Teacher Retirement System of Texas and the New York State Common Retirement Fund.

The fund will target distressed debt opportunities in a diverse number of sectors in North America and Europe.