Stellex Capital Management Closes Debut $870 Million Private Equity Fund Above Target
Stellex Capital Management Closes Debut $870 Million Private Equity Fund Above Target
Sixpoint Partners served as exclusive global placement agent
New York, July 7, 2017 – Sixpoint Partners, a leading global investment bank serving the middle market, announced the successful closing of Stellex Capital Partners LP (the “Fund”), with $870 million of total limited partner capital commitments. The Fund, which is the debut investment vehicle for Stellex Capital Management (“Stellex”), closed in excess of its $750 million target and received commitments from a number of top-tier investors, including endowments, foundations, multi-manager funds, public pensions, corporate pensions and family offices.
The Fund will seek to make control-oriented investments in middle-market businesses in distress and special situation opportunities by executing structured buyouts and acquiring secondary market debt. Capitalizing on the deep industry expertise of Stellex’s investment team, the Fund will seek target investments between $25 million and $100 million, with additional capacity when needed. Stellex is led by its founding partners, Ray Whiteman and Michael Stewart, who spunout from The Carlyle Group and have worked together for over 14 years.
“The Fund has already deployed capital into investments in several portfolio companies and continues to attract promising opportunities in the middle market,” said Eric Zoller, Partner at Sixpoint Partners. “Stellex is a strong representative of Sixpoint’s expertise in the special situations, distressed and credit sectors as well as our partnership with spinout sponsors.”
Larry Smith, Partner at Sixpoint Partners added, “We are pleased to announce Sixpoint’s fourth fund closing above its target since January 2017. Given Stellex’s strong performing portfolio companies, we expect them to generate attractive returns and opportunities for their LPs.”
About Sixpoint Partners
Sixpoint Partners is a leading global investment bank focused on a diversified set of services and solutions for the middle-market private equity industry. The firm’s core areas of focus include (i) primary fund placement, (ii) secondaries advisory and (iii) co-investment placement across a wide range of industries, strategies and geographies. Sixpoint Partners has a reputation for its direct, results-driven style and for delivering innovative solutions to complex problems in order to create long-term value for clients. Sixpoint is headquartered in New York with offices in Chicago, San Francisco, Austin and Hong Kong. For more information, please visit https://www.sixpointpartners.com/.
Sixpoint Partners, LLC, is a registered broker/dealer, member FINRA (http://www.finra.org) and SIPC (http://www.sipc.org). Sixpoint Partners Asia Limited is licensed by the Securities and Futures Commission (http://www.sfc.hk).
For Sixpoint Partners, please contact:
Alicia Battistoni, Marketing Coordinator
212-751-8690
abattistoni@sixpointpartners.com
Eric Zoller, Founder & Partner
212-751-8690
