Siris Capital Executives Launch October Capital in Florida
The new private equity firm takes over the management of three existing portfolio businesses.
Updated on Oct. 21, 2026 in Business Strategy
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Executives from Siris Capital Group have established a new Florida-based private equity firm called October Capital. The firm will manage three businesses previously acquired by Siris Capital Group.
Why it matters
October Capital provides a new dedicated structure for managing and scaling firms in AI infrastructure, physical security, and financial technology. It aims to support service providers helping other companies with complex technology integration.
October Capital currently employs 16 investment professionals to manage its portfolio. This follows a broader trend of 28 new private equity firms being established across the United States throughout 2026.
The players
October Capital
This Florida-based private equity firm focuses on AI infrastructure and financial technology integration.
Siris Capital Group
Founded in 2011, this private equity firm has deployed over $9.5 billion in capital over its history.
Frank Baker
He is an executive at the newly formed October Capital.
Dave Calamai
He serves as an executive within the leadership team at October Capital.
The details
The new firm oversees operations for Takkion, EQ Retirement Solutions, and Lenvi. Its leadership includes Frank Baker, Dave Calamai, Seth Harward, Kevin O'Brien, and Grant Weisberg.
Timeline
2011: Siris Capital Group was founded.
2026: 28 new private equity firms formed in the US.
February 2026: Eterna Growth Partners spun out of Charlesbank Capital Partners.
2027: October Capital could launch an independent fund.
Market Landscape
The launch of October Capital aligns with the broader industry trend of 28 new private equity firm formations observed in the United States during 2026. This activity reflects a shift in how specialized investment teams structure themselves to manage specific technology-focused portfolios.
While the firm manages business-to-business infrastructure, customers of Takkion, EQ Retirement Solutions, and Lenvi may see changes in operational focus as the companies transition to new management. These shifts are intended to improve the integration of AI and financial technologies for end-user clients.
The takeaway
The formation of October Capital marks a strategic move to concentrate expertise on AI and financial infrastructure. Investors and business partners should monitor the firm's progress as it potentially moves toward launching an independent fund next year.
What happens next
October Capital could launch its first independent fund in 2027.
Further reading
For more on industry shifts, visit the Business Strategy section.
Source note: This article includes information reported by Pitchbook.
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