SIRIS CAPITAL GROUP, LLC other names

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Adviser Profile

As of Date:

05/28/2024

Adviser Type:

- Large advisory firm


Number of Employees:

34 -20.93%

of those in investment advisory functions:

25 -26.47%


Registration:

SEC, Approved, 3/14/2012

AUM:

7,264,345,445 1.04%

of that, discretionary:

7,264,345,445 1.04%

Private Fund GAV:

7,264,345,445 0.35%

Avg Account Size:

558,795,803 1.04%


SMA’s:

NO

Private Funds:

13

Contact Info

212 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
8B 7B 6B 4B 3B 2B 1B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Hedge fund Elliot Management backs Mondee SPAC deal
04/27/2022

Hedge fund Elliot Management backs Mondee SPAC deal Submitted 27/04/2022 - 9:36am Hedge fund Elliott Management is to invest in a special purpose acquisition company (SPAC), according to a report by the Financial Times. SPACs have fallen out of favour with many investors in recent months, but Elliott, along with New York investment firm Siris Capital, is to inv...

Hedge Week

Travelport Streamlines Technology and Marketing Message
04/09/2021

Catto led a rebrand of Travelport that aimed to reflect the revved up metabolism since the company was taken private in 2019 by private equity owners Siris Capital and an arm of hedge fund Elliott ...

Financial Times

KKR to invest in Box
04/08/2021

KKR has agreed to lead a $500 million in investment in Box Inc, a content cloud. The transaction is expected to close in May 2021. Morgan Stanley is serving as financial advisor to Box while Wilson Sonsini Goodrich & Rosati,

pehub.com

Box Announces Strategic Partnership with KKR, Including $500 Million KKR-led Investment
04/08/2021

Box, Inc. (NYSE: BOX), the leading Content Cloud, and KKR, a leading global investment firm, today announced an agreement for KKR funds to lead a $500 million investment in the company in the form of convertible preferred stock.

Yahoo Finance

Popular Bank And Latin Business Today Announce Initiative To Empower Small Business Entrepreneurs Navigating COVID-19 Health Crisis
03/30/2021

Leveraging their unique industry expertise and insights, both thought leaders will collaborate to discuss the current economic and small business landscape and empower small business owners to ...

prnewswire.com


Private Funds Structure

Fund Type Count GAV
Private Equity Fund 13 $7,264,345,445

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Private Funds



Employees




Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
08180D106 BENEFITFOCUS INC $9,417 100.00% -18.38% 0.00%

Brochure Summary

Overview

Siris was founded in November 2010 by Frank Baker, Peter Berger and Jeffrey Hendren (the “Principals”), who have worked together for more than twenty-three years. The Principals are, indirectly, the principal owners of Siris Capital Group, LLC. Siris provides investment management services to investment funds that are offered to qualified investors in the United States and elsewhere on a private placement basis. Currently, Siris provides investment management services to the funds listed in the table below (each, a “Fund,” and, together with any future private investment fund to which Siris or its affiliates provide investment advisory services, the “Funds”). Each Fund’s general partner (each, a “General Partner” and together, the “General Partners”) and the owners of such General Partner (each, a “General Partner Owner”) are also indicated in the table. The Principals directly or indirectly jointly control and principally own each General Partner Owner. Fund General Partner General Partner Owner Siris Partners II, L.P. Siris Partners GP II, LLC Managing Member: Siris Partners Carry Vehicle, L.P. Other Member: Siris Partners Feeder, L.P. Siris Partners II Parallel, L.P. Siris Partners GP II, LLC Managing Member: Siris Partners Carry Vehicle, L.P. Other Member: Siris Partners Feeder, L.P. Siris Partners II Co- Investment, L.P. (the “Co- Invest Fund”) Siris Partners GP II, LLC Managing Member: Siris Partners Carry Vehicle, L.P. Other Member: Siris Partners Feeder, L.P. Siris Partners II (Cayman) Main I LP Siris Partners II (Cayman) GP I LP GP: Siris Partners II (Cayman) GP Holdco I LP LP: Siris Partners Carry Siris Partners II (Cayman) Parallel I LP Siris Partners II (Cayman) GP I LP GP: Siris Partners II (Cayman) GP Holdco I LP LP: Siris Partners Carry Siris Partners III, L.P. Siris Partners GP III, L.P. GP: Siris GP HoldCo III, LLC LP: Siris Partners Carry LP: Siris Employees Carry Vehicle III, L.P. Siris Partners III Parallel, L.P. Siris Partners GP III, L.P. GP: Siris GP HoldCo III, LLC LP: Siris Partners Carry Vehicle, L.P. LP: Siris Employees Carry Vehicle III, L.P. Siris Partners III (Cayman) Main I L.P. Siris Partners III (Cayman) GP I L.P. GP: Siris Partners III (Cayman) GP I, Ltd. LP: Siris Partners Carry Vehicle, L.P. LP: Siris Employees Carry Vehicle (Cayman) III, L.P. Siris Partners III (Cayman) Parallel I L.P. Siris Partners III (Cayman) GP I L.P. GP: Siris Partners III (Cayman) GP I, Ltd. LP: Siris Partners Carry LP: Siris Employees Carry Vehicle (Cayman) III, L.P. Siris Partners IV, L.P. Siris Partners GP IV, L.P. GP: Siris GP HoldCo IV, LLC LP: Siris Partners Carry LP: Siris Employees Carry Vehicle IV, L.P. Siris Partners IV Parallel, L.P. Siris Partners GP IV, L.P. GP: Siris GP HoldCo IV, LLC LP: Siris Partners Carry LP: Siris Employees Carry Vehicle IV, L.P. Siris Partners IV (Cayman) Main, L.P. Siris Partners IV (Cayman) GP, L.P. GP: Siris Partners IV (Cayman) GP, Ltd. LP: Siris Partners Carry Vehicle, L.P. LP: Siris Employees Carry Vehicle (Cayman) IV, L.P. Siris Partners IV (Cayman) Parallel, L.P. Siris Partners IV (Cayman) GP, L.P. GP: Siris Partners IV (Cayman) GP, Ltd. LP: Siris Partners Carry Vehicle, L.P. LP: Siris Employees Carry Vehicle (Cayman) IV, L.P. Siris has full discretionary authority with respect to investment decisions for the Funds, and its advice is made in accordance with the investment objectives and guidelines set forth in each Fund’s offering memorandum. This Brochure does not constitute an offer to sell or solicitation of an offer to buy any securities. Persons reviewing this Brochure should not construe this as an
offer to sell or solicitation of an offer to buy the securities of any of the Funds described herein. Any such offer or solicitation will be made only by means of a confidential private placement memorandum. As more fully described in each Fund’s private placement memorandum, Siris’ investment objective is to make investments principally in equity or equity-related securities or, in certain circumstances, debt investments in a variety of industries. Siris is not limited in the industries in which it can invest, but intends to focus on investment opportunities in the technology, telecommunications and technology-enabled business services sectors. Siris’ core investment strategy is to (i) understand fundamental market and/or technology transitions and the specific sectors that are impacted by these paradigm shifts, (ii) identify value businesses within these sectors that are in transitional stages, (iii) target mature, leading technology companies that have the potential to unlock growth vectors for long-term strategic positioning, (iv) structure a transaction around a disciplined purchase price and innovative structures that seek to optimize returns and minimize risk, (v) develop and implement a specific business plan to execute strategic value creation initiatives post acquisition, and (vi) successfully exit these investments in a manner designed to optimize returns. Siris’ operations-intensive strategy integrates a group of senior operating executives, consultants, advisors and other professionals in similar roles (“Operating Professionals”), who work closely with the Siris investment team in sourcing, diligencing and implementing post-acquisition operating improvements at target companies. In this context, “Operating Professionals” means operating executives and other similar consultants (regardless of title, including “Executive Partners”, “Executive Advisors” or “Operating Executives”). Please see Item 8 for a more detailed description of Siris’ investment strategies. The descriptions set forth in this Brochure of specific advisory services that Siris offers to the Funds should not be understood to limit in any way Siris’ investment activities. Siris is permitted to offer any advisory services, engage in any investment strategy and make any investment that Siris considers appropriate, subject to each Fund’s investment objectives and guidelines. The investment strategies Siris pursues are speculative and entail substantial risks. Investors should be prepared to bear a substantial loss of capital. There can be no assurance that the investment objectives of any Fund will be achieved. Siris’ advisory services for the Funds are detailed in the applicable limited partnership agreements or other governing agreements of the Funds (each, a “Partnership Agreement” and, together with any investment management agreements, relevant private placement memoranda or other offering documents, the “Governing Documents”), and are further described below under “Methods of Analysis, Investment Strategies and Risk of Loss.” Investors in the Funds (generally referred to herein as “investors” or “limited partners”) participate in the overall investment program for the applicable Fund, but in certain circumstances are excused from a particular investment due to legal, regulatory or other agreed-upon circumstances pursuant to the Governing Documents; such arrangements generally do not and will not create an adviser-client relationship between Siris and any investor. Certain Funds and/or the General Partners have entered into side letters or other similar agreements (“Side Letters”) with certain investors that have the effect of establishing different and preferential rights (including economic or other terms) under, or altering or supplementing the terms of, the relevant Governing Documents with respect to such investors. As of December 31, 2023, Siris manages approximately $7,264,345,445 in assets on a discretionary basis.