At a glance
- The new firm has 16 investment professionals, according to Private Equity Professional.
- Allocators screening October Capital have three deals to evaluate: Takkion, EQ Retirement Solutions and Lenvi.
- October Capital's stated focus is services for the buildout of AI infrastructure, the transformation of physical security, and financial infrastructure including digital assets.
Siris Capital launched October Capital, a West Palm Beach, Fla., private equity firm led by co-founder Frank Baker as CEO and managing partner. It will invest in services businesses that help enterprises adopt and scale new technology.
The new firm has 16 investment professionals, according to Private Equity Professional. Fund size and the vehicle holding the deals were not disclosed.
Allocators screening October Capital have three deals to evaluate: Takkion, EQ Retirement Solutions and Lenvi. Takkion, an energy industry services provider, is completed. EQ Retirement Solutions, a pension automation and digital payments provider, and Lenvi, a loan servicing software provider, are signed and both expected to close in November.
October Capital's stated focus is services for the buildout of AI infrastructure, the transformation of physical security, and financial infrastructure including digital assets.
Siris, founded in 2011, has deployed more than $9.5 billion of equity, including more than $3 billion in services businesses, according to the report. Those figures belong to Siris, not October Capital.
Reported by the Emerging Managers desk from Private Equity Professional. Published . Corrections