Cyrus Capital Partners

What Cyrus Capital Partners does

Cyrus Capital Partners, L.P. is a New York-based SEC-registered investment adviser founded in 1999 by Stephen C. Freidheim and independently owned since 2005. The firm invests on a global basis in securities and loans issued by corporates and sovereigns, taking long and short positions across the entire capital structure, including debt, equity, and derivative instruments traded publicly and over the counter. It directly structures capital solutions for companies and leads capital raises, with a deep value focus and specialisation in legal and process-oriented opportunities such as bankruptcy and restructuring situations.

The firm operates as a single unified investment advisory platform rather than a multi-product suite, supported by a lean investment team whose members combine expertise in bankruptcy and restructuring, legal, private equity, capital structure, derivatives, trading, and capital markets. Cyrus generates revenue through investment advisory and management fees charged to the funds and accounts it manages. As of 9/30/25, the firm manages $3.559 billion in assets under management. Fee arrangements are negotiated directly with qualified clients and are not publicly disclosed.

Cyrus' investor base consists of like-minded long-term partners, including leading family offices, endowments, and institutional investors such as pension funds, insurance companies, and sovereign wealth funds. The firm maintains its principal office in New York and operates a London subsidiary, Cyrus Capital Partners Europe LLP, which is authorised and regulated by the Financial Conduct Authority and acts as a sub-adviser to the US parent. Notable recent activity includes participation as a senior secured noteholder in the Spirit Airlines Chapter 11 proceedings and 2026 bailout negotiations alongside Citadel Americas, Ares Management, Pimco, and Arena Capital.

Name

Cyrus Capital Partners

Legal name

Cyrus Capital Partners, L.P.

Website

https://cyruscapital.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Cyrus Capital Partners is a New York-based SEC-registered investment adviser founded in 1999 that manages $3.559 billion in assets across the global capital structure. The firm serves family offices, endowments, and long-term institutional investors with deep value-focused distressed debt and restructuring strategies.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)

akta.pro secondary industry

Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

• Investment advisory services
• Distressed debt investing
• Capital structure solutions
• Alternative asset management
• Bankruptcy restructuring advisory

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Investment Advisory and Management Fees: Cyrus Capital generates revenue through investment advisory and management fees charged to the funds and accounts it manages. As an SEC registered investment adviser, the firm earns fees from managing $3.559 billion in assets for its investment partners including family offices, endowments, and institutional investors.

Distribution channels1 record

Marketing channels1 record

Core offering

Cyrus Capital Partners is an SEC-registered investment adviser that manages capital on a global basis in securities and loans issued by corporates and sovereigns. The firm invests across the entire capital structure—taking long and short positions in publicly traded and over-the-counter debt, equity, and derivatives—and directly structures capital solutions and leads capital raises for companies, with a specialization in distressed debt, bankruptcy, and restructuring situations.

Product overview

Cyrus Capital Partners operates as a single unified investment advisory platform rather than a platform-plus-modules architecture. The firm provides investment management services focused on generating high absolute returns over full credit and business cycles, investing globally in corporate and sovereign securities and loans across the entire capital structure, including public and OTC trading of debt, equity, and derivatives, as well as direct capital structuring and capital raise leadership for companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Cyrus Capital Partners Investment Advisory Services Discretionary investment management services providing global exposure to corporate and sovereign securities and loans across the entire capital structure, including long and short positions in publicly traded and OTC debt, equity, and derivatives. Includes direct capital structuring and capital raise leadership for companies in distressed or transitional situations. Aimed at family offices, endowments, and long-term institutional investors.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Marathon Asset Management: Multi-strategy credit and distressed debt manager investing across the capital structure. Highly comparable to Cyrus in size, strategy mix, and LP base of institutional and family office capital.
• Brigade Capital Management: Distressed and credit-focused fund manager pursuing event-driven and special situations. Directly comparable to Cyrus's distressed and restructuring strategy.
• Baupost Group: Multi-strategy value-oriented investment manager trading public and private securities across the capital structure. Highly comparable investment philosophy and breadth.
• Sachem Head Capital Management: Activist and multi-strategy fund with event-driven and credit expertise. Comparable in size range and approach to special situations investing.
• Centerbridge Partners: Distressed and special situations fund with multi-strategy credit and control-oriented investing. Comparable mandate and process to Cyrus Capital Partners.
• Redwood Capital Management: Distressed and event-driven credit manager focused on special situations. Comparable strategy, scale, and LP base to Cyrus Capital Partners.
• Silver Point Capital: Credit-focused investment firm specializing in distressed debt, special situations, and leveraged loans. Direct comparable in strategy and LP base.
• Davidson Kempner Capital Management: Multi-strategy hedge fund manager investing across the capital structure in debt, equity, and derivatives. Closely aligned with Cyrus's full-structure approach.

Broad incumbents

• Apollo Global Management: Global alternative asset manager with major credit, distressed, and direct lending franchises. Larger scaled incumbent operating in many of the same strategies and counterparties as Cyrus.
• Oaktree Capital Management: Large publicly-traded alternative asset manager with a flagship distressed debt franchise. Overlaps heavily with Cyrus but operates at significantly greater scale across multiple credit strategies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cyrus-capital-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments25 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cyrus Capital Partners