Stellex closes second fund

The New York-based mid-market investor reached the hard-cap for its sophomore fund.

Fund name: Stellex Capital Partners II
Amount raised: $1.78 billion
Target size: $1.25 billion
Hard-cap: $1.78 billion
Stage of fundraising: Final Close
Final close date: September 2020
Time on the road: Four months
Predecessor fund: Stellex Capital Partners ($870 million)
Transaction size: $50 million to $150 million

Stellex Capital Management has closed Stellex Capital Partners II on its $1.78 billion hard-cap. The fund will invest in manufacturing and service businesses within sectors such as automotive, aerospace, building products, consumer, defense, food, general industrial and transportation.