# Stellex Capital Management

Stellex Capital Management is a Private Equity based in New York, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, United States
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** www.stellexcapital.com
- **LinkedIn:** https://www.linkedin.com/company/stellex-capital-management

## Regulatory record

- **Reports private funds:** No

## About

Stellex Capital is a private equity firm that invests in middle‐market companies in North America and Europe. We have a strong history of catalyzing growth and supporting our companies to become leading enterprises through operational transformations.

## Sectors

- Industrials
- Business Services
- Food & Consumer
- Aerospace & Defense
- Transportation & Logistics
- Manufacturing

## Offices

- Pittsburgh

## People

- Ray Whiteman — Founder and Managing Partner
- Michael Stewart — Co-Founder and Managing Partner
- Mark Redman — Managing Partner

## Questions

### Who runs investment decisions at Stellex?

The Investment Committee oversees all decisions. It includes founders Ray Whiteman and Michael Stewart alongside Managing Partner Mark Redman, who leads European operations. The committee reviews every transaction; no single principal can commit capital unilaterally.

### How does Stellex source its deals?

Stellex sources through corporate divestitures, family-business transitions, restructurings and sponsor-to-sponsor transactions. Its business-development team, led by a director and vice president who previously worked at Wynnchurch Capital, Pfingsten Partners and Highview Capital, cultivates relationships with independent sponsors, corporates and intermediaries across North America and Europe.

### Does Stellex operate as a traditional buyout fund or a turnaround shop?

Stellex functions as a hybrid. It invests through buyouts, recapitalizations and secondaries, but unlike many generalist buyout firms it maintains a dedicated operations unit — Stellex Resource Group — that deploys supply-chain, commercial and talent executives directly into portfolio companies. This operational intensity makes it closer to an industrial turnaround platform than a standard private equity fund.

### What kinds of companies does Stellex avoid?

Stellex concentrates on industrial, manufacturing, business-services, transportation, aerospace and food sectors. It does not invest in technology startups, pure-play software businesses or healthcare services. The firm targets situations where operational transformation — rather than financial engineering — can create value.

### What is the role of the Stellex Resource Group?

Stellex Resource Group is an in-house portfolio-operations team. It embeds functional experts — heads of supply chain, commercial transformation and portfolio talent — directly into Stellex's companies. The group handles acquisition diligence, operational improvement plans and leadership recruitment. It was significantly expanded in early 2025 with hires from Platinum Equity, Heidrick & Struggles and GE.

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Last updated: 2026-06-03T20:00:00.000Z

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