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Former Union Square COO joins Siris Capital

The tech-focused SAC spin-out has hired Elias Mendoza as managing director of investment development and strategy.

Elias Mendoza, former chief operating officer and partner at Union Square Advisors, has become a managing director at Siris Capital, according to a statement from the firm.

As managing director of investment development and strategy, Mendoza will evaluate trends within the data, telecommunications and technology industry. He also will help the Siris investment team with business strategies for targeted and existing portfolio companies, according to the statement.

At Union Square, Mendoza was a partner and COO, as well as a senior banker across the firm’s technology business. Prior to joining Union Square, Mendoza held various positions at IBM and Morgan Stanley. 

Mendoza: focusing on
tech trends at Siris

Siris spun out of SAC Capital and was founded in 2011 by former Ripplewood Holdings partners and SAC founders Frank Baker, Peter Berger and Jeffrey Hendren. That same year, Siris launched a fund that targeted $400 million. After receiving commitments from The Teachers’ Retirement System of Illinois and the New York State Common Retirement Fund, the vehicle closed on $650 million, according to Private Equity International’s Research and Analytics division.

Siris focuses on special situations investments in the technology sector and has an active co-investment programme, according to the statement. Its current portfolio companies include data communications provider Transaction Network Services and infrastructure software company Airvana, according to Siris’ website.