Open Opportunity Management

Co-Founders and Managing Partners Frank Baker and Peter Siris lead the investment committee. Baker's background includes deal origination at Siris Capital Group, where he focused on technology buyouts before departing to form Open Opportunity. The firm has not publicly named additional investment-committee members.

Open Opportunity is a separate firm focused on the lower middle market — companies with $3 million to $15 million of EBITDA — while Siris Capital pursues larger technology and telecommunications buyouts. Frank Baker co-founded Open Opportunity in 2011 after his tenure at Siris, but the two firms have no disclosed shared ownership or investment relationship.

Open Opportunity operates standard private equity fund structures with a 10-year term and typical holding periods of four to seven years per portfolio company. This introduces a conventional exit discipline — trade sales or sponsor-to-sponsor sales — unlike permanent-capital or family-office vehicles.