Cyrus Capital Partners, L.P.
Cyrus Capital Partners, L.P. is an SEC-registered investment adviser headquartered in New York, NY, with a secondary office in London. Founded in 1999 by Stephen Freidheim, the firm employs approximately 46–50 people, specializing in global investment strategies. Cyrus manages over $3.87 billion in assets and serves family offices, endowments, and institutional investors. The firm is noted for its expertise in distressed debt, restructuring, and legal-process-oriented opportunities.
Investment Strategy
Cyrus Capital Partners invests globally across the entire capital structure in securities and loans issued by corporates and sovereigns. The firm takes both long and short positions in debt, equity, and derivative instruments, and is actively involved in structuring capital solutions and leading capital raises. Their deep value approach seeks to generate high absolute returns over full credit and business cycles, with strong capabilities in bankruptcy, restructuring, legal, derivatives, and capital markets. Cyrus targets diverse opportunities, often where its legal and restructuring expertise adds unique value, and primarily partners with family offices, endowments, and institutional investors.
Top Holdings
Equity Positions (4)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
G GTX | GARRETT MOTION INC | 65.28% | $249.1M | 23,705,198 | $7.69 | $10.51 | +$20.3M |
S SATS | ECHOSTAR CORP | 11.54% | $44.0M | 1,589,496 | $24.46 | $27.70 | +$4.8M |
F FLYY | SPIRIT AVIATION HLDGS INC | 2.31% | $8.8M | 1,763,624 | $4.99 | $4.99 | +$8.8M |
M MEOH | METHANEX CORP | 1.42% | $5.4M | 164,000 | $46.41 | $33.10 | -$326.4K |
Options Positions (1)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SATS | ECHOSTAR CORP | New | Call | $12.5M | 4,500 | $27.70 | $27.70 | +4,500 | +$12.5M |
Industry Allocation
Team (13)
| Name | Role | Location | |
|---|---|---|---|
| Senior Analyst | New York, NY , United States | ||
J James Rao | Investment Analyst | United States | |
J James Tucker | Managing Director | Santa Rosa Beach, FL , United States | |
| Investment Analyst | New York, NY , United States | ||
| Managing Director | New York, NY , United States | ||
| Principal, Distressed and Special Situations | New Canaan, CT , United States | ||
S Stephen Quinn | Partners | New York, NY , United States | |
S Svetoslav Nikov | Partner | New York, NY , United States | |
| Analyst | New York, NY , United States | ||
A Alan George | Incoming Investment Analyst | Houston, TX , United States |