Stellex Capital Management closed Stellex Capital Partners II at $1.8 billion, company spokeswoman Rosalia Scampoli confirmed in an email.
The middle-market distressed and special opportunities fund exceeded its $1.25 billion target. The fund focuses on investments between $50 million to $150 million within the automotive, aerospace, building products, consumer, defense, food, general industrial and transportation sectors.
Stellex's previous fund closed on $870 million in July 2017.
Investors in the fund include the $194.3 billion New York State Common Retirement Fund, Albany; the $71.3 billion the New Jersey Pension Fund, Trenton; the $52.9 billion Illinois Teachers' Retirement System, Springfield; the $37 billion Connecticut Retirement Plans & Trust Funds, Hartford; the $16.2 billion Orange County Employees Retirement System, Santa Ana, Calif.; the $4.2 billion Houston Firefighters' Relief and Retirement Fund; and the $1.6 billion Baltimore City Employees' Retirement System.