Kerberos Capital Management

Joe Siprut, the firm's founder, serves as CEO and Chief Investment Officer. Siprut came to investment management from a career as a litigation partner at major law firms. He is supported by a team that includes Partner and General Counsel David Proshan and Managing Director Jon Miller.

Kerberos operates a private credit strategy that emphasizes legal assets and portfolio-based litigation finance. The firm provides capital to law firms and corporate claimholders through structured credit solutions, targeting special situations where legal-merit analysis is central to underwriting.

Origination runs through law-firm relationships rather than broker-led auctions. The firm's senior team draws its networks from the legal industry, giving Kerberos direct access to deal flow from litigators who need portfolio-level or matter-level financing. That sourcing model is designed to reduce the premium-bid pressure common in intermediated legal-asset markets.

Kerberos sits inside the private credit ecosystem as an alternative credit manager focused on legal assets. It does not run a generalist direct-lending strategy. Its sub-$1bn asset base places it in a peer group of boutique special-situations funds, including other litigation-finance managers, rather than among broadly syndicated credit platforms.

Kerberos presents itself as an institutional asset manager, not a family office. Its public-facing materials describe an externally marketed private credit strategy open to institutional allocators, and the firm competes for recognition in industry award categories alongside other alternative credit managers.