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frank baker

Siris Capital Co-Founder and Managing Partner Donates $7M for Low-Income Students
March 28, 2016 — A $7 million gift to the University of Chicago from Frank Baker, AB’94, and his wife, Laura Day, will endow undergraduate scholarships and internships for lower-income students of outstanding promise. In recognition of the gift, the College’s newest dining commons will be named the Frank and Laura Baker Dining Commons. The dining facility will be part of the new Campus North Residential Commons, which is scheduled to open at the start of the 2016–17 academic year and will be home to 800 undergraduates. Designed by renowned Chicago architect Jeanne Gang of Studio Gang Architects, the Campus North Residential Commons aims to build and support students’ intellectual lives. The Baker Dining Commons will offer a diverse dining program, including halal, kosher and vegan fare, and will feature floor-to-ceiling glass windows looking out onto a landscaped quadrangle, as well as two private dining rooms equipped with smart-room technology.
Siris Capital, LLC and Transaction Network Services Announces Investment from Koch Equity Development LLC
RESTON, VA, January 11,2016 – Transaction Network Services (TNS) and private equity firm Siris Capital Group, LLC (Siris) announced today that an affiliate of Koch Equity Development LLC (KED) and coinvestors including affiliates of Eaglehill Advisors LLC (Eaglehill) and MSD Capital, L.P.(MSD) have madea minority equity investment in Trident Private Holdings III, LLC, a holding company of TNS. TNS provides secure, mission critical connectivity and gateway services via a global network enabling its customers to exchange data and information and transact worldwide. Siris acquired TNS in a sponsor led “take private” transaction in 2013 and will continue to hold a controlling interest. “Siris and KED share a similar philosophy on how to drive world class performance and create value in companies like TNS,” said Frank Baker, cofounder and managing partner of Siris. “The investment provides a solid foundation for TNS’ managementteam to continue to pursue attractive growth and acquisition opportunities