Siris Capital has launched October Capital, a new private equity firm focused on services businesses that help enterprises adopt and scale emerging technologies. Co-founder Frank Baker will serve as CEO and managing partner of the West Palm Beach, Florida–based firm, leading a team of 16 investment professionals.
October Capital debuts with three investments: the acquisition of Takkion, an energy‑industry services provider, and signed deals for EQ Retirement Solutions and Lenvi. EQ Retirement Solutions delivers pension automation and digital payments infrastructure for more than 10 million members and £10 billion in annual payments. Lenvi supplies loan‑servicing platforms and AI‑driven fraud analytics to over 150 lenders managing £100 billion of credit assets.
The firm will initially target services supporting AI infrastructure build‑out, the transformation of physical security, and the evolution of financial infrastructure — including digital‑asset adoption. Over 15 years, Siris has deployed $9.5 billion of equity, with $3 billion in services businesses that have produced its strongest returns. The launch follows Siris’s sale of Equiniti to Bullish for $4.2 billion.
Source: PE Hub · Summarized by HeadlinesBriefing