Asset Manager

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Searchlight Capital Partners

Searchlight Capital Partners was co-founded by Andrew Frey, Darren Glatt, and François Dekker, who pooled experience from Quadrangle, Apollo, and Bain...

Searchlight Capital Partners

Searchlight Capital Partners was co-founded by Andrew Frey, Darren Glatt, and François Dekker, who pooled experience from Quadrangle, Apollo, and Bain Capital to build a firm that invests across the capital structure. The firm operates from offices in New York, London, Miami, and Toronto, giving it native coverage of North America and Europe. Its founding partners brought distinct histories in telecom, TMT, and distressed investing, setting the firm up to pursue control buyouts, minority stakes, and structured credit in the same portfolio. The investment mandate spans private equity and debt, with a noticeable concentration in telecommunications infrastructure, media, and business services. Portfolio companies include Ziply Fiber, a Pacific Northwest fiber-optic network; Consolidated Communications, a broadband provider where Searchlight played a role in the take-private (per Bloomberg, 2024); and Adams Outdoor Advertising, the largest privately held out-of-home media operator in the US. In Europe, the firm works through positions such as Flowbird Group, a smart-parking technology provider, and a U.K.-based insurance intermediary. The firm cites over $6 billion deployed across 18 TMT investments during Darren Glatt’s career alone — a figure that signals both the scale and the thematic concentration of the team. Searchlight does not publicly disclose total AUM, but the firm is structured around a partnership of roughly two dozen named investment professionals, supported by a value-creation team led by Amanda Good, formerly a partner at Hg where she chaired the Portfolio Review Committee. The most recent structural addition came in 2025, when Jim Dougherty joined as CFO of the Searchlight Opportunities Funds after a tenure as CFO at Strategic Value Partners. The firm also recruits heavily from its own network of operating partners and senior advisors, including former FCC Chairman Ajit Pai and former Virgin Group strategy head Gordon McCallum, who provide direct regulatory and operational counsel. What makes Searchlight structurally distinct is its deliberate crossover between private equity and opportunistic credit, run by a single investment team rather than separate fund silos. The firm’s value-creation arm — built and led by a former Hg operating partner — is unusual for a mid-market TMT specialist and commits Searchlight to post-acquisition transformation as a core function, not a bolt-on. That architecture gives the firm the ability to hold investments across market cycles using either equity or debt instruments, a posture that resembles a permanent-capital mindset without the permanent-capital vehicle.

General information

Firm type

Asset Manager

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

New York

Corporate office

New York, NY, United States

Additional offices

London · Miami · Toronto

Principals

Andrew Frey

Partner, Chief Investment Officer

Darren Glatt

Partner

François Dekker

Partner

Ajit Pai

Partner

Amanda Good

Partner, Head of Value Creation

Richard Maass

Partner, Head of Investor Relations

Sector focus

TelecommunicationsMedia & EntertainmentEnterprise SoftwareHealthcare ServicesConsumer

Frequently asked questions

Who makes investment decisions at Searchlight Capital Partners?

The firm is led by Founding Partners Andrew Frey (Chief Investment Officer), Darren Glatt, and François Dekker, who sit on various portfolio company boards and drive the investment committee process. Day-to-day execution is handled by a partnership of managing directors and principals across New York, London, Miami, and Toronto. Amanda Good, Partner and Head of Value Creation, leads the operations team that supports post-acquisition transformation across the portfolio.

What is Searchlight's approach to TMT investing?

Searchlight targets control and influential minority investments in telecommunications infrastructure, media, and technology. The firm favors assets with physical or contractual moats — fiber networks, outdoor advertising real estate, and regulated broadband providers — where its in-house regulatory expertise, including former FCC Chairman Ajit Pai, can provide an edge. The investment team has deployed over $6 billion across 18 TMT transactions during the career of Partner Darren Glatt alone (per the firm).

Does Searchlight only do private equity, or does it manage credit strategies too?

Searchlight invests across the capital structure, including both private equity and private debt. The firm runs Searchlight Opportunities Funds — separate vehicles that target opportunistic credit and structured solutions — alongside its core buyout strategy. Jim Dougherty was hired as CFO of the Opportunities Funds in 2025, signaling continued investment in the credit platform.

Which portfolio companies is Searchlight best known for?

Searchlight's most publicly cited investments include Ziply Fiber, a Pacific Northwest fiber-optic operator; Consolidated Communications, a broadband provider taken private with Searchlight's participation (per Bloomberg, 2024); and Adams Outdoor Advertising, the largest privately held out-of-home media company in the United States. In Europe, notable holdings include Flowbird Group, a parking technology company.

How is Searchlight's value-creation team structured?

The value-creation team is led by Partner Amanda Good, who previously spent over a decade at Hg where she chaired the Portfolio Review Committee. Her group includes a dedicated European lead, Owen Cartier, a former Bain & Company partner. The team operates alongside the investment staff, embedding operators in portfolio companies post-acquisition rather than relying on external consultants.

Where does Searchlight Capital Partners operate geographically?

Searchlight deploys capital across North America and Europe from its offices in New York, London, Miami, and Toronto. The firm’s team structure is deliberately transatlantic: investment professionals in London and New York collaborate on sourcing, and the value-creation team has separate leadership for the European and North American markets.

What is Searchlight's posture on holding investments through a cycle?

Because Searchlight manages both equity and credit, the firm can remain invested in a portfolio company through different stages of the capital structure without being forced to exit when traditional private equity funds would. Tom Hendrick, a Partner who previously led U.S. origination and trading at Strategic Value Partners, leads the firm’s efforts on the credit side, which gives the partnership the flexibility to pivot between instruments as conditions change.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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