# Siris Capital

Siris Capital is a Private Equity based in West Palm Beach, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** West Palm Beach, United States
- **Region:** North America
- **Address:** West Palm Beach, FL, United States
- **Founded:** 2011
- **Assets under management:** ~$5.0 billion (per the firm, as of December 31, 2025)
- **Website:** www.siris.com
- **LinkedIn:** https://www.linkedin.com/company/siris

## Regulatory record

- **CRD number:** 157798
- **SEC file number:** 801-73609
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/157798

## About

Siris Capital is an SEC-registered investment adviser in West Palm Beach, Florida, registered since 2012. The firm manages $4.8 billion in regulatory assets. It has 24 employees and 15 investment advisers.

## Sectors

- Enterprise Software
- Cybersecurity
- Digital Health
- FinTech
- Industrial Tech
- Mobility & Transportation

## People

- Frank Baker — Co-Founder and Managing Partner
- Peter Berger — Chairman and Co-Founder
- Jeffrey Hendren — Co-Founder and Managing Partner

## Questions

### Who runs investment decisions at Siris Capital?

The investment process is led by Co-Founders and Managing Partners Frank Baker and Jeffrey Hendren, alongside Chairman and Co-Founder Peter Berger. The three have worked together since 2011 and previously overlapped at Ripplewood Holdings. Partner Sandeep Guleria and Managing Director Dave Calamai serve on the firm's Investment and Operating Committees, with direct oversight of specific portfolio companies.

### How does Siris source proprietary deal flow?

Siris sources through a thematic, subsector-driven approach within tech-enabled services, targeting companies with regulatory, market, or technological tailwinds. The firm's Executive Partners network — senior operators with relevant domain experience — participates in origination and validation. This embedded-operating model gives Siris access to situations that generalist firms often avoid, particularly corporate carve-outs, take-privates, and restructuring-driven opportunities.

### Does Siris participate in fund commitments or only direct deals?

Siris focuses primarily on control-oriented direct platform investments in technology and technology-enabled services companies. The firm has also made non-control investments, but its core model is direct, control acquisitions where it can deploy operational resources through its Executive Partners program.

### What investment stages and transaction sizes does Siris target?

Siris targets mature companies with $10 million to $50 million of EBITDA and transaction values between $100 million and $500 million. The firm does not target early-stage or venture capital investments; its playbook involves control acquisitions of businesses that are already sizable but facing operational or market transitions.

### How does Siris's Executive Partners model work in practice?

Executive Partners are senior operating executives — not employees of Siris — who work with the firm throughout the investment lifecycle. They help identify and validate investment opportunities, serve on portfolio company boards, and partner with management teams to execute strategic initiatives. The model embeds domain-specific operating expertise into the deal process, distinguishing Siris from firms that bring in operating partners only post-close.

## Related profiles

- [Sirios Capital Management](https://altss.com/profile/sirios-capital-management)
- [Sirius Aviation Capital](https://altss.com/profile/sirius-aviation-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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