Stellex Capital Management
Private equityNew York · 15 people tracked
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Investment thesis
Stellex Capital is a private equity firm targeting middle-market companies in North America and Europe. The firm embraces complexity and situations others may view as flawed, providing flexible capital solutions and focusing on long-term value creation through customized operational transformation rather than financial engineering. It positions itself as a reliable partner to family businesses and independent sponsors, with significant experience in corporate divestitures, joint ventures, and take-privates. Stellex frequently invests in companies at transitional crossroads, including turnarounds, carve-outs, structured financings, and first-time institutional capital across sectors such as aerospace and defense, industrial services, food products, transportation and logistics, and manufacturing.
Source: firm website, verified Sep 29, 2026.
Team · 15 people
from the firm's websiteWhat they invest in
from 7 of 42 portfolio companiesAdvanced Manufacturing ×4Hardware ×3Logistics & Supply Chain ×3Consumer ×1Cybersecurity ×1Deep Tech ×1Defense Tech ×1Enterprise Software ×1
HQs:United States×6
Investments · 42 tracked
founders shown can be your intro pathBy year:2022 · 12017 · 12 dated
Grammer Logistics operates hazardous bulk transportation and logistics services across chemical market segments, serving industrial customers through a network of terminals and transload facilities across the United States.
Logistics & Supply ChainCedar Knolls, US
Charles "Shorty Whittington"
AFG Holdings is a technology and manufacturing specialist that combines precision engineering and OEM processes with innovation to develop solutions for clients worldwide.
Advanced ManufacturingDeep TechHardware
Co-investorsFirst Reserve Corporation
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
Custom Made Meals helps home cooks prepare meals by providing simple, fresh, and convenient meal options.
ConsumerFoodTechDenver, US
Co-investorsNew Water Capital
G2 Risk Solutions provides enterprise-level bankruptcy management technology that delivers notifications of bankruptcy filings and disposition changes, along with automated workflow tools to help financial institutions recover funds and reduce operational costs.
CybersecurityEnterprise SoftwareFintechInsurTechLegalTechSaaS
Rochelle Blease(President)in
Co-investorsNycaNyca Partners
MHI Ship Repair & Services provides marine repair and conversion services for commercial ship owners, the U.S.
Advanced ManufacturingDefense TechLogistics & Supply ChainNorfolk, US
Stucki manufactures and supplies a comprehensive range of tank car components for railroad applications, serving chemical and industrial transportation sectors with specialized parts for different tank car types including acid-resistant, general purpose, pressure, and safety-compliance variants.
Advanced ManufacturingHardwareLogistics & Supply ChainMobility & TransportationLemont, US
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
A Stucki CompanyAf Gloabal CorporationArmadaCGMHCGMH OverlayCisco Industrial ServicesCountry FreshCustom Glass SolutionsDB SantasaloDennis & CoDominion HospitalityFenix PartsFerroworksFincentricFox GroupGo To LogisticsHodess Cleanroom ConstructionIcsJ SkinnerLfg Data ServicesMacaer Aviation GroupMacaer Aviation PortfolioMorbarkMss GroupP3 ServicesParagon MetalsPLH GroupRok PowerRTS AerospaceThe Crest GroupTitanTitan OverlayTriplepoint MepWb Service CompanyWeber Logistics
Fund performance · per public LP disclosures · 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 | — | — | 0.99x | 0.99x |
| Stellex Capital Partners IIILPs: Empire State Development – New York Ventures, Minnesota State Board of Investment, Pennsylvania Public School Employees' Retirement System +5 more | 2024 | — | -17.1% | 0.89x | 0.06x |
| Stellex Capital Partners II LPLPs: Empire State Development – New York Ventures, New Jersey Division of Investment, Connecticut Retirement Plans and Trust Funds +9 more | 2021 | — | 14.9% | 1.52x | 0.27x |
| Stellex IILPs: San Joaquin County Employees' Retirement Association | 2020 | — | — | 1.26x | 0.07x |
| Stellex IlLPs: San Joaquin County Employees' Retirement Association | 2020 | — | — | 1.26x | 0.07x |
| Stellex Capital PartnersLPs: Empire State Development – New York Ventures, New York City Police Pension Fund, Ewing Marion Kauffman Foundation | 2015 | — | 18.8% | 1.78x | 1.38x |
| STELLEX CAPITAL MANAGEMENT LPLPs: New York City Board of Education Retirement System | — | — | — | 1.25x | — |
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 42 tracked investments.
- What is Stellex Capital Management's typical check size?
- Stellex Capital Management typically writes checks of $75M – $150M.
- What sectors does Stellex Capital Management focus on?
- Stellex Capital Management focuses on Advanced Manufacturing, Construction Tech, Energy, Logistics & Supply Chain.
- Where is Stellex Capital Management located?
- Stellex Capital Management is headquartered in New York, US.
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