# Kerberos Capital Management

Kerberos Capital Management is an Asset Manager based in Chicago, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** 17 N State St, Suite 1600, Chicago, IL 60602
- **Assets under management:** Sub-$1bn (Altss estimate)
- **Website:** kerberoscm.com
- **LinkedIn:** https://www.linkedin.com/company/kerberos-capital-management-llc

## Regulatory record

- **CRD number:** 315699
- **SEC file number:** 801-130839
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/315699

## About

Kerberos Capital Management is an SEC-Registered Investment Adviser and alternative investment manager focused on asset-backed credit and specialty finance strategies. Kerberos focuses on asset-backed lending and specialty finance opportunities where collateral protection and structural advantages drive outcomes. With a highly experienced investment team and deep credit, legal, and restructuring expertise, Kerberos offers flexible capital solutions with a long-term partnership perspective.

## Sectors

- Private Credit
- Secondaries & Special Situations
- Legal Assets

## People

- Joe Siprut — CEO & Chief Investment Officer
- David Proshan — Partner & General Counsel
- Jon Miller — Managing Director
- Dan Porcello — Partner & CFO
- Kristina Pearson — CCO & Operations Director

## Questions

### Who runs investment decisions at 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.

### What does Kerberos Capital Management specialize in?

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.

### How does Kerberos originate its litigation-finance deals?

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.

### What is Kerberos's relationship to the broader private credit landscape?

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.

## Related profiles

- [Kerala Venture Capital Fund](https://altss.com/profile/kerala-venture-capital-fund)
- [Khazaen Venture Capital](https://altss.com/profile/khazaen-venture-capital)

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Last updated: 2026-08-11T15:07:12.582Z

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