Stellex Capital Management
Private equityNew York Β· 8 people tracked
Investment thesis
Stellex Capital Management pursues private equity investments, often in complex or transitional situations, with a portfolio concentrated in industrial, manufacturing, logistics, and services businesses. Founded by former leaders of Carlyle Strategic Partners, the firm emphasizes operational involvement and restructuring expertise. It maintains operations in both the United States and Europe, with a dedicated European investment team based in London.
Source: firm website, verified Aug 25, 2026.
Team Β· 8 people
from the firm's websiteWhat they invest in
from 4 of 38 portfolio companiesAdvanced Manufacturing Γ3Hardware Γ2Logistics & Supply Chain Γ2Defense Tech Γ1Mobility & Transportation Γ1
HQs:United StatesΓ4
Investments Β· 38 tracked
founders shown can be your intro pathManufacturer and service provider of engineered components for railroad rolling stock and rail infrastructure, serving freight rail OEM and aftermarket customers globally.
AFG Holdings, Inc. is a technology and manufacturing company that combines precision engineering with OEM processes to develop products and solutions for its clients internationally.
Advanced ManufacturingHardware
Westchester, US
Scott Pettit(Executive Officer, Promoter)Kent Robertson(Executive Officer, Director, Promoter)
Grammer Logistics provides bulk transportation and logistics services for hazardous materials, operating a fleet of specialty trucks for large-volume hauling.
Logistics & Supply Chain
MHI Ship Repair & Services is a marine repair and conversion contractor offering structural, steel fabrication, paint and coatings, pipe, valve, and electrical services for commercial ship owners, the U.S.
Advanced ManufacturingDefense TechLogistics & Supply ChainNorfolk, US
Irving, US
Lacy Kiser(Chief Administrative Officer)Tom Henkels(Chief Operating Officer)Mark Crowson(President and CEO)Daniel S. Terrell(Chief Legal Officer and Secretary)Mike Dear(Chief Financial Officer and Treasurer)Perry Cole(Director)
Fund performance Β· per public LP disclosures Β· 7
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Stellex Capital III NYC Co-InvestLPs: Teachers' Retirement System of the City of New York, New York City Police Pension Fund, New York City Employees' Retirement System | 2024 | β | β | 0.99x | 0.99x |
| Stellex Capital Partners IIILPs: Empire State Development β New York Ventures, Minnesota State Board of Investment, Pennsylvania Public School Employees' Retirement System +5 more | 2024 | β | -17.1% | 0.89x | 0.06x |
| Stellex Capital Partners II LPLPs: Empire State Development β New York Ventures, New Jersey Division of Investment, Connecticut Retirement Plans and Trust Funds +9 more | 2021 | β | 14.9% | 1.52x | 0.27x |
| Stellex IILPs: San Joaquin County Employees' Retirement Association | 2020 | β | β | 1.26x | 0.07x |
| Stellex IlLPs: San Joaquin County Employees' Retirement Association | 2020 | β | β | 1.26x | 0.07x |
| Stellex Capital PartnersLPs: Empire State Development β New York Ventures, New York City Police Pension Fund, Ewing Marion Kauffman Foundation | 2015 | β | 18.8% | 1.78x | 1.38x |
| STELLEX CAPITAL MANAGEMENT LPLPs: New York City Board of Education Retirement System | β | β | β | 1.25x | β |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Stellex Capital Management made?
- Stellex Capital Management has 38 tracked investments.
- What sectors does Stellex Capital Management focus on?
- Stellex Capital Management focuses on Advanced Manufacturing, Construction Tech, Logistics & Supply Chain.
- Where is Stellex Capital Management located?
- Stellex Capital Management is headquartered in New York, US.
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