Pricing

CYRUS CAPITAL PARTNERS, L.P.

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NEW YORK Investment Advisor Hedge Fund Activist Investor
13F Summary
Cyrus Capital Partners is based out of New York. Cyrus Capital Partners is a hedge fund with 35 clients and discretionary assets under management (AUM) of $4,047,585,000 (Form ADV from 2024-11-19). Their last reported 13F filing for Q1 2025 included $328,979,729 in managed 13F securities and a top 10 holdings concentration of 100.0%. Cyrus Capital Partners's largest holding is Garrett Motion Inc with shares held of 27,337,398. Whalewisdom has at least 85 13F filings, 96 13D filings, 14 13G filings, and 46 Form 4 filings
Business Description
Our firm provides discretionary investment advisory services to clients, primarily investing across the capital structure of highly levered and financially distressed companies. The firm seeks attractive absolute and relative returns uncorrelated to general equity and fixed income markets, focusing on preserving capital. Fundamental value and credit analysis, combined with experience in event catalysts and processes specific to leveraged and financially distressed companies, drive the investment process. The firm provides investment advisory services to pooled and single-investor investment vehicles, including private investment funds and managed accounts. While a similar strategy is used for most clients, advisory services are occasionally tailored for legal and tax purposes. Some pooled investment vehicle clients, like the Cyrus Opportunities Fund II complex, only accept additional subscriptions from a waiting list, while others, like the Cyrus Europe Fund, are no longer accepting subscriptions. The firm may also form other pooled or single-investor investment vehicles or co-investment vehicles from time to time.
Investment Strategy
The firm provides discretionary investment advisory services, primarily investing across the capital structure of highly levered and financially distressed companies. They aim for attractive absolute and relative returns uncorrelated to general equity and fixed income markets, emphasizing capital preservation. Their investment process is driven by fundamental value and credit analysis, combined with experience in event catalysts and processes specific to leveraged and financially distressed companies. The firm's success depends on identifying and capitalizing on inefficiencies in leveraged and distressed debt and leveraged equities markets. They consider factors like cash availability, portfolio composition, investment restrictions, market liquidity, client exposure, and anticipated liquidity when deciding if a client should participate in an investment opportunity. However, investing in securities involves a risk of loss that clients must be prepared to bear, and there is no guarantee that the firm will accurately predict future price movements.
Owners
  • CYRUS CAPITAL PARTNERS GP, LLC - GENERAL PARTNER
  • FREIDHEIM, STEPHEN, CYRUS - CHIEF INVESTMENT OFFICER, MANAGING PARTNER, LIMITED PARTNER
  • MILICH, DAVID, ALBERT - PRESIDENT AND CHIEF OPERATING OFFICER
  • LENTINI, ROBERT - LIMITED PARTNER, HEAD OF TRADING
  • FARRELL, LUCIEN, ELLIOTT - HEAD OF EUROPEAN OPERATIONS
  • PULICK, JENNIFER, MARIE - GENERAL COUNSEL
  • GANNALO, RICHARD, THOMAS - CHIEF FINANCIAL OFFICER
  • Click on the Ownership/Private Fund Data tab for more details.
Other Contact Information
(Subscription Required)

2025-03-31

Top Buys (13F)

Name % Change
NBIS Nebius Group NV 0.19%
MEOH Methanex Corp -0.07%

2025-03-31

Top Sells (13F)

Name % Change
VEON VEON Ltd 0.87%
BORR Borr Drilling Ltd 0.17%

2025-03-31

13F Holdings Summary

Name $ Change
GTX Garrett Motion Inc 69.55%
DEBT-ECHO ECHOSTAR CORP NOTE 3(PRN) 16.58%
SATS EchoStar Corp 11.92%
MEOH Methanex Corp 1.75%
NBIS Nebius Group NV 0.19%

2025-03-31

13F Activity

Market Value $329m, Prior: $343m
Inflows (Outflows) as % of Total MV (-0.4348)%
New Purchases 1 stocks
Added To 1 stocks
Sold out of 2 stocks
Reduced holdings in 0 stocks
Top 10 Holdings % 100%
Turnover %[1] 42.86%
Turnover Alt %[2] 0.61%
Time Held Top 20 3.8 quarters
Time Held Top 10 3.8 quarters
Time Held All 4.2 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2025-03-31

13F Sector Allocation Over Time

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2025-03-31

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2025-03-31

Portfolio Performance