# Xenon Partners

Xenon Partners is a Private Equity based in Las Vegas, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Las Vegas, United States
- **Region:** North America
- **Address:** Las Vegas, NV, United States
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** xenon.io
- **LinkedIn:** https://www.linkedin.com/company/xenon-partners

## Regulatory record

- **CRD number:** 312194
- **Registration status:** Registered
- **Latest Form ADV filing:** 2026-03-03T06:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/312194

## About

Xenon Partners is a state-registered investment adviser with its main office in Las Vegas, NV. They provide investment advice to clients. Their services are available to individuals, families, and institutions.

## Sectors

- Enterprise Software

## People

- Jonathan Siegel — Team
- Donal Tobin — Team
- James Crennan — Team
- Luke Marshall — Team
- SoonHin Khor — Team
- Yuga Koda — Team
- Jason Gilmore — Team
- Teri Wilson — Team
- Donnie Hasseltine — Team
- Dan Levine — Advisor
- Ilya Sukhar — Advisor
- Julia Noakes — Advisor
- Scott Irwin — Advisor

## Questions

### How does Xenon Partners source proprietary deal flow?

Xenon does not publicly detail its sourcing model but the founder's repeat exits and the composition of its advisor bench suggest a network in the software M&A and founder-led space. Its concentration in SaaS and cloud infrastructure points toward a specialized, thesis-driven origination funnel rather than broad auction participation.

### Does Xenon Partners participate in fund commitments or only direct deals?

All available evidence — the firm describes itself as providing capital and operational expertise directly to acquired companies — points to a direct-acquisition model. There is no public indication that Xenon invests as a limited partner in external funds.

### What investment stages does Xenon Partners typically target?

Xenon targets operating software and technology companies that need operational intervention to scale, effectively a control-oriented, buyout and growth-equity approach. The exit of RightSignature to Citrix is indicative of their strategy: acquire a functional software business, embed operators, and drive toward a strategic acquirer.

## Related profiles

- [X Capital](https://altss.com/profile/x-capital)
- [Xi'an Investment Holding](https://altss.com/profile/xi-an-investment-holding)

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

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