Established in 1999, Cyrus Capital Partners, managed by Stephen Freidheim, operates as a hedge fund manager based in New York. The firm engages in global investments in securities and loans issued by corporates and sovereigns. Its investment approach spans the entire capital structure of companies, encompassing long and short positions in debt, equity, and derivative instruments traded publicly and over the counter. Additionally, Cyrus Capital Partners directly structures capital solutions for companies and leads capital raises.
Stephen C. Freidheim assumes multiple roles as the Chief Investment Officer, Founder, and Managing Partner of Cyrus Capital Partners, an esteemed investment advisory firm with operational bases in New York and London. Prior to establishing Cyrus in 1999, Freidheim held significant positions at Bankers Trust and Nomura Securities, initiating his career journey at Kidder, Peabody & Co. In addition to his professional endeavors, Freidheim has contributed his expertise to various corporate boards, notably including Virgin America, an airline he also co-founded. He holds the position of Chair on CFR’s Investment Committee and the Executive Committee of the Board of the Peterson Institute for International Economics. Furthermore, Freidheim actively participates in the Yale University Council and serves on the Advisory Board of Yale’s Tobin Center for Economic Policy. Freidheim graduated with a Bachelor of Arts in Economics from Yale University, solidifying his academic foundation.
Cyrus Capital Partners serves 35 valued clients with discretionary assets under management (AUM) totaling $4,047,585,000, as disclosed in their Form ADV dated March 2024. Their latest 13F filing for Q4 2023 revealed management of $418,800,666 in 13F securities, with a notable top 10 holdings concentration of 100.0%. Noteworthy, Cyrus Capital Partners' primary holding consists of shares in Garrett Motion Inc., with a substantial holding of 29,557,144 shares.
| Fund Name: | Cyrus Capital Partners |
| Manager | Stephen C. Freidheim |
| Portfolio Value | $463,033,100 |
| Change This QTR | +1.26% |
| No. | Security | Ticker | Shares | Value | Activity | % Port | History |
|---|---|---|---|---|---|---|---|
| 1. | GTX | 27,337,398 | $223,619,916 | -1% | 48.29% | ||
| 2. | Dish Network CorpNOTE 12/1 | DISH | 107,125,000 | $92,669,553 | +43% | 20.01% | |
| 3. | Dish Network CorpNOTE 3.375% 8/1 | DISH | 103,831,000 | $83,309,841 | +192% | 17.99% | |
| 4. | Spirit Airlines Inc.NOTE 1.000% 5/1 | SAVE | 108,462,000 | $32,701,293 | -3% | 7.06% | |
| 5. | SATS | 1,152,802 | $28,612,546 | NEW | 6.17% |
| Symbol | Company | Filed By | Filing Date | Filing |
|---|---|---|---|---|
| 2024-05-24 | ||||
| 2024-03-12 | ||||
| 2024-03-07 | ||||
| 2024-02-20 | ||||
| 2024-01-08 |
