Firm Stewardship
Valtrix Holdings
3 funds · $12.1B AUM
$9.96B
Capital deployed
82% of $12.1B committed
$2.14B
Remaining to deploy
Fund III investing
107
Portfolio companies
98 under Signal · 9 not yet
28
Companies needing attention
$3.94B of deployed capital
Capital deployment
across 3 vehicles
Concentration
Portfolio condition
By company
By capital
Funds
Valtrix Fund I2017 vintage · harvesting
20 companies · 18 under Signal
$2.54B / $2.70B
$160M remaining
Control positions in founder-owned industrial and business-services companies in the Midwest and Northeast, held for operational improvement rather than multiple expansion.
Valtrix Fund II2020 vintage · fully invested
57 companies · 56 under Signal
$5.60B / $6.00B
$402M remaining
Platform-and-build across fragmented industrial, healthcare and specialty-services markets — acquire a qualified platform, then consolidate regional operators into it.
Valtrix Fund III2023 vintage · investing
30 companies · 24 under Signal
$1.82B / $3.40B
$1.58B remaining
Deliberately smaller and more concentrated than Fund II: the same platform thesis extended into technology-enabled services and vertical software, with fewer positions held at higher conviction.
Stewardship
8 accountable partners · ordered by capital
Investment team →Owen Kastrell
Partner· IC
$2.00B
20.1% of deployed · 16.5% of committed
3 needing attention · $524M
Sonia Delbrant
Managing Director
$1.60B
16.0% of deployed · 13.2% of committed
3 needing attention · $510M
Roman Vestrel
Senior Partner· IC
$1.32B
13.2% of deployed · 10.9% of committed
5 needing attention · $1.08B
Nadia Ostrenko
Partner· IC
$1.23B
12.3% of deployed · 10.1% of committed
4 needing attention · $362M
Ines Doryn
Senior Partner· IC
$1.03B
10.3% of deployed · 8.5% of committed
5 needing attention · $580M
Theo Ranvik
Managing Director
$994M
10.0% of deployed · 8.2% of committed
4 needing attention · $457M
Devin Kasprey
Partner· IC
$988M
9.9% of deployed · 8.2% of committed
3 needing attention · $252M
Lia Korvell(you)
Managing Partner· IC
$810M
8.1% of deployed · 6.7% of committed
1 needing attention · $176M
Condition reflects the companies in each book, not the person managing them. A partner holding difficult assets is not a partner performing badly.
Where to look first
Rank all 107 →Every one of the 107 companies against all six stewardship roles, filterable by any member of the team.
Open the company × role matrixHide open the company × role matrix
Company × role
107 companies| Deal lead | ||||
|---|---|---|---|---|
| Halvorne Testing GroupTesting & Inspection · Fund II | $395M | Elevated | Roman Vestrel | Rafael Vessik |
| Marrowfield Environmental ServicesEnvironmental Services · Fund II | $304M | Elevated | Sonia Delbrant | Tobias Nyvard |
| Draymill Industrial SystemsIndustrial Manufacturing · Fund I | $270M | Deteriorating | Roman Vestrel | Rafael Vessik |
| Tannerly Protein GroupFood Manufacturing · Fund I | $267M | Deteriorating | Theo Ranvik | Theo Ranvik |
| Trivanta SystemsEnterprise Software · Fund II | $260M | Deteriorating | Owen Kastrell | Julian Aumont |
| Orvantis Enterprise SoftwareEnterprise Software · Fund II | $256M | Stable | Owen Kastrell | Julian Aumont |
| Threnleigh Staffing GroupProfessional Services · Fund I | $225M | Watching | Nadia Ostrenko | Cleo Danvire |
| Calderwyn Industrial GroupIndustrial Manufacturing · Fund II | $219M | Watching | Sonia Delbrant | Sonia Delbrant |
| Dunmoor Mechanical ServicesHVAC / Mechanical Services · Fund II | $209M | Deteriorating | Roman Vestrel | Rafael Vessik |
| Trevanthe Medical DevicesMedical Devices · Fund II | $209M | Deteriorating | Ines Doryn | Mei Jarrow |
| Brackenhold Energy ServicesEnergy Services · Fund I | $202M | Watching | Lia Korvell | Lia Korvell |
| Pentworth Data GroupEnterprise Software · Fund III | $197M | Deteriorating | Owen Kastrell | Julian Aumont |
| Dunsmere Foodservice DistributionDistribution · Fund I | $184M | Stable | Devin Kasprey | Anika Rethmar |
| Vandelmoor Infrastructure ServicesInfrastructure Services · Fund I | $177M | Watching | Lia Korvell | Lia Korvell |
| Graymoult Construction GroupConstruction Services · Fund II | $176M | Elevated | Lia Korvell | Lia Korvell |
| Veridane Medical GroupHealthcare Services · Fund II | $173M | Watching | Ines Doryn | Mei Jarrow |
| Solverance Health SystemsHealthcare Technology · Fund III | $168M | Watching | Owen Kastrell | Julian Aumont |
| Tarnwick Financial GroupFinancial Services · Fund II | $168M | Watching | Nadia Ostrenko | Cleo Danvire |
| Thalvern Security GroupCybersecurity · Fund II | $161M | Watching | Owen Kastrell | Julian Aumont |
| Selbourne Polymer GroupSpecialty Chemicals · Fund I | $158M | Deteriorating | Sonia Delbrant | Tobias Nyvard |
| Ravelmore Mechanical GroupHVAC / Mechanical Services · Fund I | $155M | Deteriorating | Roman Vestrel | Rafael Vessik |
| Brantmoor Process TechnologiesSpecialty Chemicals · Fund II | $153M | Watching | Sonia Delbrant | Tobias Nyvard |
| Thornquist Logistics GroupLogistics · Fund I | $151M | Elevated | Devin Kasprey | Anika Rethmar |
| Hartsmere Packaging GroupPackaging · Fund II | $146M | Watching | Sonia Delbrant | Tobias Nyvard |
| Elsbury Food CompanyFood Manufacturing · Fund II | $145M | Stable | Theo Ranvik | Theo Ranvik |
- Accountable
- Roman Vestrel
- Deal lead
- Rafael Vessik
- Supporting
- Tobias Nyvard
- Board
- Roman Vestrel
- Accountable
- Sonia Delbrant
- Deal lead
- Tobias Nyvard
- Supporting
- Julian Aumont
- Board
- Sonia Delbrant
- Accountable
- Roman Vestrel
- Deal lead
- Rafael Vessik
- Supporting
- Anika Rethmar
- Board
- Roman Vestrel
- Accountable
- Theo Ranvik
- Deal lead
- Theo Ranvik
- Supporting
- Rafael Vessik
- Operating lead
- Yara Bensvik
- Board
- Theo Ranvik
- Accountable
- Owen Kastrell
- Deal lead
- Julian Aumont
- Supporting
- Tobias Nyvard
- Board
- Owen Kastrell
- Accountable
- Owen Kastrell
- Deal lead
- Julian Aumont
- Board
- Owen Kastrell
- Accountable
- Nadia Ostrenko
- Deal lead
- Cleo Danvire
- Board
- Nadia Ostrenko
- Accountable
- Sonia Delbrant
- Deal lead
- Sonia Delbrant
- Board
- Sonia Delbrant
- Accountable
- Roman Vestrel
- Deal lead
- Rafael Vessik
- Supporting
- Mei Jarrow
- Board
- Roman Vestrel
- Accountable
- Ines Doryn
- Deal lead
- Mei Jarrow
- Supporting
- Tobias Nyvard
- Operating lead
- Yara Bensvik
- Board
- Ines Doryn
- Accountable
- Lia Korvell
- Deal lead
- Lia Korvell
- Board
- Lia Korvell
- Accountable
- Owen Kastrell
- Deal lead
- Julian Aumont
- Supporting
- Anika Rethmar
- Board
- Owen Kastrell
- Accountable
- Devin Kasprey
- Deal lead
- Anika Rethmar
- Board
- Devin Kasprey
- Accountable
- Lia Korvell
- Deal lead
- Lia Korvell
- Board
- Lia Korvell
- Accountable
- Lia Korvell
- Deal lead
- Lia Korvell
- Supporting
- Mei Jarrow
- Board
- Lia Korvell
- Accountable
- Ines Doryn
- Deal lead
- Mei Jarrow
- Board
- Ines Doryn
- Accountable
- Owen Kastrell
- Deal lead
- Julian Aumont
- Board
- Owen Kastrell
- Accountable
- Nadia Ostrenko
- Deal lead
- Cleo Danvire
- Board
- Nadia Ostrenko
- Accountable
- Owen Kastrell
- Deal lead
- Julian Aumont
- Board
- Owen Kastrell
- Accountable
- Sonia Delbrant
- Deal lead
- Tobias Nyvard
- Supporting
- Anika Rethmar
- Operating lead
- Grant Elverton
- Board
- Sonia Delbrant
- Accountable
- Roman Vestrel
- Deal lead
- Rafael Vessik
- Supporting
- Anika Rethmar
- Operating lead
- Grant Elverton
- Board
- Roman Vestrel
- Accountable
- Sonia Delbrant
- Deal lead
- Tobias Nyvard
- Board
- Sonia Delbrant
- Accountable
- Devin Kasprey
- Deal lead
- Anika Rethmar
- Supporting
- Cleo Danvire
- Operating lead
- Yara Bensvik
- Board
- Devin Kasprey
- Accountable
- Sonia Delbrant
- Deal lead
- Tobias Nyvard
- Board
- Sonia Delbrant
Capital figures are modelled for the demo. Condition is computed from live Signal telemetry — portfolio overview →