Siris Capital Group - culture/rep?
Any info on these guys' culture/reputation? I know they have offices in NYC and West Palm. Currently ~$6b AUM and supposedly are en route to closing a fund that will put them close to $10b. Heard they're more operationally-driven/value creation-focused. Portfolio looks like an older MM tech fund, mix of software, tech services, etc. The usual stuff. Was surprised to see they did IntraLinks back in the day and are current investors in EQ and Travelport, a bit shocked I haven't seen/heard more of them.
I realize general comments will probably be that it's rough, but I'm in a 3yr up and out program so I have limited time to make a choice if I don't want to deal with a gap in employment.
L O L
Heard that Siris is in wind-down mode, but could be mistaken. Would look further into how long they have been in-market for, and do a bit more research into how some of their investments have fared
Don't always believe what the headhunters tell you
Copying from this thread
That said in this thread there are conflicting statements as to whether or not they're actually winding down. Afaik there haven't been any public announcements. Can probably just disregard them as rumors.
It's worth recognizing that recruiters lie. A lot. That said, if you're stuck in an up & out role and you can't get anything else, the job still pays it's probably not the worst place in the world. I imagine it's a meaningfully less work for you if they are in fact in wind down mode. But if those rumors are true, you can will probably face an uphill battle when lateraling to move up in title somewhere else afterward (at least expect it to be MUCH harder). So there's a tradeoff to consider if accurate.
OP here. I added to the OP that I am in fact in an up and out slot which is why I'm trying to gather more info. I'm probably 90% sure they're not in wind down and that's just some BS from the rumor mill because people wanted to contribute to those threads about what PE firms are failing. They're having some trouble for sure but I don't think it's that bad. What I do want to know is what about the culture has been driving so many exits from mid and upper level employees lately.
Would stay away
I think you can still get a decent associate experience there given the assets they own (I know firsthand some of their companies are quite sizeable / sophisticated) and lateral (they’ve had plenty of associates lateral to better shops) but wouldn’t be my top choice
Also I might be wrong but doubt they’re in wind down mode (not sure where that rumor came from)
Different poster than above. I can't speak to if they're formally winding down, but anyone with half decent options would not take the risk of starting their career here. Just look at LinkedIn and you'll see two camps in the last 2-3 years: (i) Juniors that have left less than 1 year after starting, or (ii) MDs and Partners that have been there for 5-10 years departing. Not sure there's a bigger red flag in this industry, especially for a place that hasn't historically had the reputation of absolute burn and churn like others.
Does that mean they are completely cooked with no future? No. But, if I was a potential investor I'd come to the conclusion that there are better places to park my money. And if I was a candidate, there are better, even smaller funds, worth betting your career trajectory on.
Friend worked there, would stay away
OP here. Could you please opine on what his experience was/why I should stay away?
Friend was just miserable during their associate stint.
Siris is more value oriented / operational intensive than the typical fund. They took a bit more concentrated investments early 2020s (look at some of the size of their deals given their fund size) and so if a few of those investments go south (+ given the value oriented aka turnaround nature) of these businesses you can see how as an associate/VP your life is just doing a lot of portfolio work trying to burn out fires and less deal oriented = stressful + long hours enviornment but not worth it
As someone else mentioned, there is a reason juniors have been leaving and not lasting even two years. Now, I'm not sure if fund trajectory has changed in 2025 and perhaps things may be looking better but I'd be surprised if there was a meaningful difference since my friend was there 12~18 months ago.
Disaster. Stay away. If you don’t trust WSO anons (fair enough), at least reach out to some priors on LinkedIn. Those people can give you an on-the-ground assessment of what’s happening and you can be sure that they know what they are talking about given their prior experience.
Check when was the last deal they did (last platform investment). If they haven’t done one in years it means your life will just be focused on portfolio management and recruiters don’t value that as much as deal execution experience
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