How two ex-Carlyle partners beat target on their debut fund


Carlyle Group, Stellex Capital Management, Michael Stewart, Ray Whiteman, private equity
  • Stewart and Whiteman formerly ran Carlyle Strategic Partners
  • $870 mln fundraise exceeded $750 mln target
  • four deals done; investments to be reactive/situational
Michael Stewart and Ray Whiteman, former Carlyle Group partners, raised a debut fund of $870 million for Stellex Capital Management. According to Stewart, they did it with the mindset of experienced industry operators. “We did not think of ourselves as ...
ATTENTION, FUNDRAISERS. Don't miss our 10th annual PartnerConnect West on Oct. 9-11 in beautiful Half Moon Bay, California. More than 400 PE, VC and real estate GPs, LPs and service providers are expected to attend for fundraising, deal-making and golf. CLICK HERE FOR DETAILS!

This content is available for Buyouts subscribers only. Request a free trial to get access for a limited period

If you already have an active Buyouts subscription, please sign in to view this article.

Digital Edition

BO_092517_cover

To read a digital copy of our latest magazine

click here

PE News Briefs