/Investor DB

Siris

Private equity

West Palm Beach · Growth–Late Stage · 18 people tracked

Also known as Siris Capital Group, Llc

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Investment thesis

Siris is a middle-market private equity firm focused on control-oriented investments in technology and technology-enabled services companies positioned to serve evolving customer needs. It emphasizes operational intensity and deep technology expertise, combining investment acumen with hands-on operating capabilities. The firm targets companies with $10 million to $50 million of EBITDA and transaction values between $100 million and $500 million. Having raised over $6.2 billion of cumulative committed capital, Siris seeks businesses across the broad tech and tech-enabled services landscape.

Source: firm website, verified Oct 13, 2026.

Stage
Growth–Late Stage
Check
$100M – $500M
HQ
West Palm Beach, US
Leads rounds
Leads
Instruments
Equity
Founded
2011
AUM
$4.8B
Tracked investments
25
Acquisitions
2

Team · 18 people

from the firm's website & public directories
Frank Baker· Co-Founder & Managing Partnerin

Co-founder and Managing Partner of Siris, which he launched in 2011 with Peter Berger and Jeffrey Hendren, helping shape the firm's investment strategy and overseeing platform equity and non-control investments. He was previously a Managing Director at Ripplewood Holdings and began his career in Goldman Sachs' M&A group.

Jeffrey Hendren· Co-Founder & Managing Partner, ESG Committee Chair

Co-founder and Managing Partner of Siris, launched in 2011 with Frank Baker and Peter Berger, helping establish the firm's strategy and overseeing platform equity and non-control investments. He was previously a Managing Director at Ripplewood Holdings and worked in Goldman Sachs' M&A group.

Peter Berger· Chairman & Co-Founderin

Chairman and co-founder of Siris with over 50 years of experience in private equity, banking, and consulting. He provides strategic oversight and governance, previously serving as a founding Managing Director at Ripplewood Holdings and in leadership roles at Arthur Andersen and Bear Stearns.

Sandeep Guleria· Partnerin

Partner who joined Siris in 2012 and serves on the Investment and Operating Committees, currently overseeing investments in Gigamon and Newfold Digital. He previously worked in M&A and Global Communications at Citigroup.

Dave Calamai· Managing Directorin

Managing Director who joined Siris in 2023 and serves on the Investment and Operating Committees, overseeing investments in BearCom and EFI. He was previously a Principal at Tailwind Capital and worked in healthcare investment banking at Morgan Stanley.

Grant Weisberg· Principalin

Principal who joined Siris in 2018, previously an investment banking analyst in the M&A Group at Credit Suisse in New York.

Kevin O'Brien· Principalin

Principal who rejoined Siris in 2019 as a Senior Associate. He was previously Senior Director of Corporate Development and Finance at Pulse Secure (a Siris portfolio company) and a research analyst at Point72 Asset Management.

Matthew Montaquila· Vice Presidentin

Vice President who joined Siris in 2021, previously an investment banking analyst in the TMT Group at Guggenheim Securities in New York.

PJ Shalhoub· Vice President

Vice President who joined Siris in 2022, previously an investment banking analyst in the TMT group at Rothschild & Co in New York.

Seth Harward· Managing Director – Business Development

Managing Director for business development who joined Siris in 2026, overseeing the firm's business development activities. He was previously a Managing Director at Piper Sandler and a Partner at Frontier Growth.

Zack Schaja· Vice Presidentin

Vice President who joined Siris in 2026, previously a Vice President at Audax Private Equity in Boston and an investment banking analyst at Morgan Stanley.

Chase Rosett· Senior Associate

Senior Associate who joined Siris in 2026, previously an investment professional at Tyree & D'Angelo Partners in Chicago. He holds an MBA from UCLA and is a Chartered Financial Analyst.

Daniel Cockerill· Associatein

Associate who joined Siris in 2024, having previously worked as an investment banking analyst in the Technology Group at Barclays in San Francisco.

David Mathai· Associatein

Associate who joined Siris in 2025, having previously been an investment banking analyst in the Media & Telecom Group at Rothschild & Co. in New York.

Kellen Ray· Associatein

Associate who joined Siris in 2026, previously an investment banking analyst in the M&A Group at GLC Advisors in Denver.

Samuel Sullivan· Associate

Associate who joined Siris in 2025, previously an investment banking analyst in the Technology Groups at Barclays and UBS in San Francisco.

Philip Lo· Promoter
Tracy Harris· Promoter

What they invest in

from 12 of 25 portfolio companies

Enterprise Software ×9Cloud Computing ×5AI & Machine Learning ×4Hardware ×4Advanced Manufacturing ×3Cybersecurity ×3Data & Infrastructure ×3IoT ×3

HQs:United States×5United Kingdom×1

Investments · 25 tracked

founders shown can be your intro path
Airvanacommscope.comin𝕏

CommScope provides broadband infrastructure solutions and technologies designed to enable high-speed internet access across urban and rural communities.

Cloud ComputingHardwareHickory, US

Co-investorsMatrix

Bearcombearcom.comin𝕏

BearCom is an integrator and provider of voice, security, and data communications solutions, serving businesses, public safety agencies, and government organizations across North America.

CybersecurityDefense TechEnterprise SoftwareHardwareIoT

Constant Contactconstantcontact.com

Randy Parker(Founder)in

Co-investorsBantam GroupCapitalGCincyTechTexas Next CapitalVerizon Ventures

Digital Riverdigitalriver.comDefunct

Provider of e-commerce, payments, and logistics SaaS solutions for direct-to-consumer businesses.

Co-investorsAccess Venture PartnersAlpine MeridianEarlybird Venture CapitalFarol Asset Management

Efiefi.comin𝕏

EFI provides digital printing technology, software, and services for manufacturing and graphics production.

Advanced ManufacturingAI & Machine LearningEnterprise SoftwareHardwareIoTAlmazora, US

Efraim "Efi" Arazi(Founder)Frank Pennisi(Chief Executive Officer & Chief Product Officer)in

Co-investorsBlumberg Capital

Equinitiequiniti.comin𝕏

Equiniti (EQ) provides shareholder engagement and ownership management services to public companies, private equity firms, and mutual funds, including transfer agent services, equity plan administration, corporate trust, and proxy solicitation across the company lifecycle.

Enterprise SoftwareFintechSaaSUK, GB

Gigamongigamon.comin𝕏

Gigamon delivers network-derived telemetry and traffic optimization for hybrid and multi-cloud environments, serving security, observability, analytics, and AI platforms.

Cloud ComputingCybersecurityData & Infrastructure

Shane BuckleyinTed Ho(Founder)

Co-investorsSilver Lake PartnersHighland Capital PartnersQatar Investment Authority

Mavenirmavenir.comin𝕏Oct 2022 · $155Macquired by Mitel Networks

Mavenir develops cloud-native, AI-by-design software for mobile network operators, supporting the transition to automated, programmable telecom networks.

AI & Machine LearningCloud ComputingEnterprise SoftwareSaaS

Co-investorsAugust CapitalBright Pixel CapitalCisco InvestmentsCross Creek AdvisorsPartners for GrowthGreenspring+2 more

MModalmmodal.com

Provider of integrated clinical documentation solutions for the U.S. healthcare system.

Co-investorsOne Equity PartnersW Capital Partners

MobileIronivanti.comin𝕏

Ivanti provides integrated IT and security solutions for managing, automating, and protecting IT service management, network security, endpoint management, and exposure management across on-premises, cloud, and hybrid environments.

CybersecurityDeveloper ToolsEnterprise Software

Srinivas MukkamalainDennis KozakinDaniel S.inAjay Mishra(Founder)Suresh Batchu(Founder)

Co-investorsEastlink Capital PartnersFarol Asset ManagementStorm VenturesSun Mountain CapitalFoundation CapitalNorwest Venture Partners+2 more

Penguin Solutionspenguinsolutions.comin𝕏

Penguin Solutions provides memory and AI infrastructure software and systems for enterprises and cloud providers building AI deployments.

Advanced ManufacturingAI & Machine LearningCloud ComputingData & InfrastructureEnergyEnterprise SoftwareHardwareIoT

Co-investorsPartners for Growth

Polycom, Inc.polycom.com

Global provider of standards-based unified communications solutions for voice, video, and content sharing.

Co-investorsAccelNorwest Venture PartnersOak Investment PartnersVedanta CapitalVenrockPIPELINE CAPITAL PARTNERS

Pulse Securepulsesecure.com

Provider of security solutions for the mobile enterprise, including VPN and network access control.

BoardRV Chng(Founding Partner)

Co-investorsFarol Asset Management

Solventumsolventum.comin𝕏

Solventum is a healthcare company that develops medical solutions, including wound care technology such as Acera Surgical's Restrata product, for surgeons, patients, and the broader healthcare sector.

HealthtechMedical Devices

Takkiontakkion.comin𝕏

TAKKION provides comprehensive service and support for renewable energy organizations across North America, covering project development, installation, and maintenance throughout the energy lifecycle.

Advanced ManufacturingCleantechConstruction TechEnergyEnterprise SoftwareLogistics & Supply ChainWyoming, US

Pete Bierden(CEO)in

Tnsitnsi.comin𝕏

TNS provides mission-critical infrastructure-as-a-service solutions to financial organizations, telecom enterprises, and payment providers across more than 60 countries through three distinct business markets.

Cloud ComputingData & InfrastructureEnterprise SoftwareFintechReston, US

Mike Keegan(Chief Executive Officer)inMark Cole(Chief Digital Infrastructure Officer)inJim McLaughlin(General Counsel and Secretary)Michael Johnson(Global Managing Director, Payments Market Business)inTom Lazenga(President, Waypoint Trading Solutions)inSeth Walton(General Manager, Communications Market Business)in

Co-investorsFlow Capital

Tpx Communicationstpx.com

Shaun Andrewsin

Co-investorsInvestcorpPartners for Growth

Travelporttravelport.comin

TripServices is Travelport's cloud-native API platform for AI-driven travel, designed to help travel companies, OTAs, travel management companies, and agencies build, book, and scale travel products through a unified connection to flights and accommodations content.

AI & Machine LearningEnterprise SoftwareSaaSTravel & Hospitality

Co-investorsOne Equity Partners

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

IntralinksNewfold DigitalPGiStratusStratus TechnologiesTekelecTNS

Exits · 2

2 acquisitions · showing 1

Maveniracq. by Mitel Networks

Fund performance · per public LP disclosures · 7

as of Sep 2023
FundVintageCommittedNet IRRTVPIDPI
Siris VLPs: Minnesota State Board of Investment2022—0.0%——
Siris Partners IV LPLPs: Empire State Development – New York Ventures, California Public Employees' Retirement System, California State Teachers' Retirement System +12 more2019——1.30x0.35x
Siris Partners IVLPs: New York City Police Pension Fund2018—-9.9%0.74x0.74x
Siris Co-InvestmentLPs: San Diego City Employees' Retirement System2015—-64.5%0.26x0.26x
Siris IIILPs: Teachers' Retirement System of Oklahoma2015—-0.9%0.97x0.75x
Siris Partners III LPLPs: Florida State Board of Administration, California Public Employees' Retirement System, Los Angeles County Employees Retirement Association +6 more2015—-0.6%0.99x0.77x
Siris Partners II, L.P.LPs: San Diego City Employees' Retirement System2011—-0.6%0.99x0.98x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has Siris made?
Siris has 25 tracked investments, 2 of which have exited.
What stage does Siris invest at?
Siris invests at the Growth, Late Stage stages.
What is Siris's typical check size?
Siris typically writes checks of $100M – $500M.
What sectors does Siris focus on?
Siris focuses on Cloud Computing, Cybersecurity, Data & Infrastructure, E-commerce, Energy, Enterprise Software, Fintech, Healthtech, Marketing Tech, SaaS, Travel & Hospitality.
Where is Siris located?
Siris is headquartered in West Palm Beach, US.
Does Siris lead rounds?
Yes, Siris leads investment rounds.
Who does Siris co-invest with?
Siris most often shares deals with Farol Asset Management, Partners for Growth, CapitalG, among 32 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Frank Baker, Co-Founder of Siris Capital, on Why He Moved to the Palm Beaches - YouTube

BDBPBC · Frank Baker

Images

Siris photo

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