Get the full list, Morningstar Institutional Equity Research. Browse more private equity investors: provide consumers with a superior smart home experience. The The team's expertise spans the most important attributes of enterprise software business success, including product innovation, go-to-market and ecosystem strategies, leadership and talent, customer success, and platform differentiation. Solamere, a Boston firm . shareholders of Airbnb. Additional investors which participated in the first closing include the advisory clients of the Hillman Company, Solamere Capital, and investorDavid A. Tepperamong other institutions and individuals. "Smith Point's differentiated, operator-led investment strategy aligns with ServiceNow's strategy, which is focused on fostering innovation in companies and markets at the leading edge of digital transformation. Mr. Ryan will join Solamere Capital, a private-equity firm founded by Utah Sen. Mitt Romney's son Taggart, as well as Eric Scheuermann and Spencer Zwick, as a partner. Smith Point will extend its own operating expertise by leveraging the experience and professional networks of the members of its Precision Advisory Network to foster impactful relationships with the management teams of Smith Point portfolio companies in order to accelerate responsible growth. All Rights Reserved. The firm last filed a Form D notice of exempt offering of securities on 2014-10-27. The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. Solamere's strategic network of investors provides the ability to invest patiently for the long-term, to be creative in structuring either minority or majority transactions, and to leverage the Solamere Network of investors and executives as we seek to create meaningful value for our portfolio companies. Solamere consists of a collection of influential, strategic business leaders that use their industry expertise to access and grow superior private investments alongside high-quality management teams. Founders Eric Scheuermann, Mitt Romney, Spencer Zwick. For more information, visit:www.solameregroup.com. Additional investors which participated in the first closing include the advisory clients of the Hillman Company, Solamere Capital, and investor David A. Tepper among other institutions and You can also contact MarketWatch Customer Service via our Customer Center. A critical element of the firms strategy includes the Smith Point Precision Advisory Network, which is comprised of senior executives currently operating at many of the most innovative software companies in the world. Solamere Capital was the main sponsor of Mr. Ryan's SPAC, Executive Network Partnering Corp. The firm prefers to invest in the healthcare, and consumer products and services sectors across Canada and the United States. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. strategic investment will help fuel Vivints rapid growth and product Our records indicate that Solamere Capital invested in the VC transactions listed below. Founded Date 2008. Solamere has a committed capital structure with commitments from an expansive network of 200+ strategic investors, families, business owners and senior executives covering all major industries. Simmons Founder & Chairman, SCF Partners Harry Sloan Chairman & CEO, Global Eagle Acquisition Corp; Former Chairman, MGM Studios Maynard Webb Former Chairman, Yahoo; Former COO, eBay Tim Wentworth Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand. Executive Partner Group. Find top employees, contact details and business statistics at RocketReach. Operating Status Active. About Solamere Capital Solamere Capital was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. All rights reserved. SOLAMERE CAPITAL FUND III, LP Filings The fund is located in Boston, Massachusetts, and will invest in the United States. Boston, MA 02116. home leader is a huge validation of what we have built and where we are Smith Point Capital was founded by leading enterprise technology operators and investors. for our business and their vision for this industry. Together with an incredible team of industry luminaries, we are bringing our operator-led investment approach to enterprise software investing.". Solamere's strategic network of investors provides the ability to invest patiently for the long-term, to be creative in structuring either minority or majority transactions, and to leverage the Solamere Network of investors and executives as we seek to create meaningful value for our portfolio companies. first outside investor in Facebook and is one of the largest Ryan will join Solamere Capital, a private equity firm founded by Utah Sen. Mitt Romney's son Taggart, as well as Eric Scheuermann and Spencer Zwick, as a partner. Solamere Capital was founded byTagg Romney,Eric SOLAMERE CAPITAL FUND III, LP Funding details SOLAMERE CAPITAL FUND III, LP Industry: Pooled Investment Fund CIK Number: 0001709949 IRS Number: 821677137 Address: 137 NEWBURY STREET, 7TH FLOOR BOSTON 02116 Phone number: (857) 362-9210. tech investor Peter Thiel and investment firm Solamere Capital. The firm believes that the combination of software investing acumen and operating expertise makes Smith Point Capital uniquely qualified to address the needs of software companies operating in today's challenging environment. ServiceNow, a global leader in cloud-based platform and solutions, is Smith Point's strategic partner and an anchor investor in Smith Point Capital Fund I. smart home experience. Solamere Capital LLC is a Venture Capital and Private Equity Principals, Investment Banking, and Finance company located in Boston, Massachusetts with $6.00 Million in revenue and 35 employees. Solamere Capital was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. The Smith Point team's decades of experience as highly successful enterprise software operators and investors forms the foundation of the firm's differentiated strategy. The fund is located in Boston, Massachusetts, and will invest in the United States. Your information will not be made available to third-parties. Solamere Capital is a PE firm that backs tech-focused businesses. venture capitalist and entrepreneur who co-founded PayPal, Thiel was the :Traditional | LP FundedIndustry focus: Firm History, Firm Growth, Unique Firm Strategy, Performance. Solamere Capital Fund III is a fund of funds buyout fund managed by Solamere Capital. Sign up with your email address to receive news and updates. "We founded Smith Point to meet the needs of growth-stage enterprise software entrepreneurs who need capital and real-world operational guidance from industry veterans in order to achieve the full potential of their businesses. The firm targets both majority and minority deals in the middle market, with investments ranging from $20 million to $80 million or more. Smith Point Capital, LLC, a San Francisco, CA and NYC-based operator-led enterprise software venture investment firm, launched the firm and held the first closing of its inaugural fund, Smith Point Capital Fund I. ServiceNow, a global leader in cloudbased platform and solutions, is Smith Points strategic partner and an anchor investor in Smith Point Capital Fund I. PR Newswire, SAN FRANCISCO and NEW YORK, April 25, 2023, Strategy pairs strong investing acumen with deep operating expertise to build durable, industry-leading software businesses with accelerated and responsible growth, Operating model supported by network of proven and highly respected executives from leading enterprise software businesses, ServiceNow will serve as a strategic partner and an anchor investor in Smith Point Capital Fund I. SAN FRANCISCO and NEW YORK, April 25, 2023 /PRNewswire/ -- Smith Point Capital, LLC ("Smith Point"), an operator-led enterprise software venture investment firm, today announced the launch of the firm and the first closing of its inaugural fund, Smith Point Capital Fund I. Smith Point Capital was founded by CEO Keith Block, former Co-CEO of Salesforce, together with Burke Norton and Chris Lytle, long-time software industry executives and investors. About Our Private Equity Investor Database. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the company's Board of Directors. high-quality management teams. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, Solamere Capital headquarters are located in 137 Newbury St Fl 7, Boston, Massachusetts, 02116, United States, Solamere Capitals main industries are: Finance, Venture Capital & Private Equity, Solamere Capital appears in search results as Solamere Capital LLC, Solamere Capital, Solamare, Solamere Capital Fund Ii A LP, Solamere Capital Fund Ii LP, Get Free Access to Solamere Capital Contacts Info, first initials + middle initials + last initials. home market. Shelter in these stocks, says strategist, JPMorgan to take over First Republic after fourth bank failure of the year, SoFi stock surges after earnings beat as personal-lending business keeps roaring. including the Amazon Echo and the Nest Learning Thermostat. 7th Floor. Under the leadership of Tagg, Eric, and Spencer, the firm continues to be active in making both direct investments in operating companies as well as partnering with . Solamere Capital serves as a multi-family office focusing on superior private equity opportunities. Legal Name SOLAMERE CAPITAL, LLC. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. Founded by CEOKeith Block, former Co-CEO of Salesforce, together with Burke Norton andChris Lytle, long-time software industry executives and investors, Smith Point Capital focuses on collaborating with, and investing in, the most innovative software businesses to implement revenue growth, innovation, and operational strategies to accelerate financial and market success. If we are missing a portfolio company, please let us know. All rights reserved. PROVO, Utah--(BUSINESS WIRE)--Vivint Smart Home, a leading provider of smart home technology and Business Services Light Industrials Healthcare . Copyright 2001-2023. Prior to Longfellow, he served in various senior executive roles with enterprise software companies and as a Managing Director at Morgan Stanley leading RCL Capital. "Keith and the Smith Point team have an exceptional track record of success in the software industry," said ServiceNow Chairman and CEO Bill McDermott. Year Founded. | Home Smith Point Capital Launches and Holds First Closing of Inaugural Fund, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. Mr. Norton was most recently Senior Managing Director at Vista Equity Partners, where he was co-head of Vista's Perennial Capital Fund, and was previously a senior executive and a member of the Executive Committee at Salesforce. Solamere Capital LLC is an investment firm specializing in direct and fund of fund investments. The firm's approach focuses on collaborating with, and investing in, the most innovative software businesses to implement proven, best-in-class revenue growth, innovation, and operational strategies to dramatically accelerate financial and market success. Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. If we are missing a portfolio company, please let us know. To view Solamere Capital Fund IIs complete investments history, request access, The Western and Southern Life Insurance Company, Youre viewing 5 of 8 limited partners. Win whats next. in-home consultation, professional installation and support delivered by In addition, Smith Point's Managing Directors each have decades of experience building enterprise software businesses, fueling innovation, and implementing proven operational strategies to dramatically grow and scale some of the world's leading enterprise software companies. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. combines innovative products and services to offer homeowners the best its Smart Home Pros, as well as 24-7 customer care and monitoring to Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. This information is available in the PitchBook Platform. Investment sectors. Vivint offers a custom platform with integrated smart home products, We publish a variety of newsletters featuring breaking news, deal analyses, people moves and the stories behind the headlines. The firm has a highly differentiated investment strategy: Identifying and collaborating with the most innovative enterprise software companies to implement proven, best-in-class revenue growth,. Solamere provides a vehicle that aims to enable CEOs and industry leaders to pool both their capital and their networks to source and add value to private investment opportunities. fact that they are investing in our future demonstrates their passion Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. Vivint The vehicle, which raised about $360 million, is a twist on the traditional SPAC, with longer-term. not been and will not be registered under the United States Securities Solamere Capital Fund II is based out of Boston. Portfolio Companies. requirements. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. All rights reserved. ServiceNow, a global leader in cloudbased platform and solutions, is Smith Point's strategic partner and an anchor investor in Smith Point Capital Fund I. integrated leading smart home products into its Vivint Sky platform, Differentiated Enterprise Software Investment Strategy. The company pairs its technology with Phone Number +1 857 362 9205. With more than one million customers and revenue of more than $650 The fund is located in Boston, Massachusetts. The Daily Deal Newsletter, Smith Point Capital Launches and Holds First Closing of Inaugural Fund. | Advertise As the only vertically integrated smart home Dollar amounts are for the entire raise, which may include other investors. Under the leadership of Tagg, Eric, and Spencer, the firm continues to be active in making both direct investments in operating companies as well as partnering with other private equity and venture capital investors. Lists of Venture Capital and Private Equity Firms. For more information about a Vivint smart home, visit www.vivint.com. Additional investors which participated in the first closing include the advisory clients of the Hillman Company, Solamere Capital, and investorDavid A. Tepperamong other institutions and individuals. Additional investors which participated in the first closing of Smith Point Capital Fund I include the advisory clients of the Hillman Company, Solamere Capital, and investor David A. Tepper among other institutions and individuals. The Smith Point team has successfully executed on hundreds of software investments across multiple economic cycles. Each CAPS. Get the latest business insights from Dun & Bradstreet. Published on April 25, 2023. expertise to access and grow superior private investments alongside The Boston, MA-based company plans to raise $300 million by offering 12 million units, which the company calls CAPS (Capital which Aligns and Partners with a Sponsor), at $25. securities in any state or jurisdiction in which such an offer, The MarketWatch News Department was not involved in the creation of this content. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. For more information, visit www.smithpointcapital.com. company, Vivint delivers its integrated platform and products with 2023 PitchBook. Why do prospects want to do business with the firm? About Size of target portfolio companies. Solamere Capital is a $2 billion multi-strategy private equity investment firm founded in 2008 that provides a vehicle that aims to enable CEOs and industry leaders to pool both their capital and their networks to source and add value to private investment opportunities. Description. View contacts for Solamere Capital to access new leads and connect with decision-makers. Investor in. 137 Newbury Street. The news and analysis powering European private equity. Solamere has a committed capital structure with commitments from an expansive network of 200+ strategic investors, families, business owners and senior executives covering all major industries. Copyright (C) 2023 PR Newswire. North Atlantic States Carpenters Pension Fund, To view Solamere Capital Fund IIIs complete limited partners history, request access, Morningstar Institutional Equity Research. Solamere's investment model . Top investors validate Vivints winning smart home strategy. +1 (857) 000-0000. Smith Point will extend its own operating expertise by leveraging the experience and professional networks of the members of its Precision Advisory Network to foster impactful relationships with the management teams of Smith Point portfolio companies in order to accelerate responsible growth. | News Solamere Capital has invested in only one tech company, according to our database records. Attributes:Solamere has a unique history with backing from families represented by CEOs, former CEOs and owner-operators of mid to large cap businesses. Founded in 2008, Solamere Capital is a $1+ billion private equity firm focused on leveraging its unique network to invest in leading middle market companies. Mr. Norton was most recently Senior Managing Director at Vista Equity Partners, where he was co-head of Vistas Perennial Capital Fund, and was previously a senior executive and a member of the Executive Committee at Salesforce. Company Information. Get the full list, To view Solamere Capital Fund IIs complete team members history, request access, Youre viewing 5 of 34 funds. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. In addition to its rapidly expanding product suite, Vivint has Dedicated to redefining the home experience with intelligent products innovation as it extends its preeminent position in the growing smart Strategic network that can add value to management team's growth plans. (c) an insurance company as defined in Section 3(a)(19) of the Exchange Act. States absent registration or an applicable exemption from registration Three of the firms listed in the Solamere prospectusSun Capital Partners, TPG Capital and TA Associatesare currently financing a lobbying campaign under a trade group called the Private. For more information, visitwww.vivint.com. Solamere Capital was formed by a collection of influential industries to identify private equity opportunities by leveraging their unparalleled networks, business expertise, and access to compelling opportunities. Hillman Co., Solamere Capital, Carnegie Mellon and billionaire investor David A. Tepper have also invested in the fund. The former speaker of the US House of Representatives Paul Ryan, who last year joined the rush of high-profile individuals launching special-purpose acquisition companies, is going to work at the private equity firm he teamed up with in that effort. | Disclaimer So employees and customers can be more connected, more innovative, and more agile. Win whats next. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Contact Email investorrelations@solameregroup.com. ScheuermannandSpencer Zwick, and Mitt Romney serves as Chairman of the including smart door locks, thermostat, cameras, doorbell camera, cloud Former Salesforce Co-CEO Keith Block Launches Enterprise Software Investment Firm, Smith Point Capital, LLC, Apr 25, 2023 (PRNewswire via COMTEX) -- Number of Exits 1. Ou r Network. Gaebler Ventures. Act of 1933, as amended, and may not be offered or sold in the United Thiel is known for backing transformational technology companies. (40 families/$240m AUM in 2009 to 130 families/$2b AUM today) with top quartile performance. Find company research, competitor information, contact details & financial data for Solamere Capital, LLC of Boston, MA. Total number of employee profiles an organization has on Crunchbase, Total number of Crunchbase contacts associated with this organization, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Investor Type Fund Of Funds. Copyright 2023 MarketWatch, Inc. All rights reserved. headed, said Todd Pedersen, founder and CEO of Vivint Smart Home. its Smart Home Pros, as well as 24-7 customer care and monitoring. Smith Point will extend its own operating expertise by leveraging the experience and professional networks of the members of its Precision Advisory Network to foster impactful relationships with the management teams of Smith Point portfolio companies in order to accelerate responsible growth. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Business Services, Consumer Growth, Industrial Growth. the U.S. and Canada. Fund Manager's Location. Solamere Capital Fund II GP, LP. 137 Newbury St Fl 7, Boston, Massachusetts, 02116, United States, Solamere provides a vehicle that aims to enable CEOs and industry leaders to pool both their capital and their networks to source and add value to private investment opportunities. Prior to Longfellow, he served in various senior executive roles with enterprise software companies and as a Managing Director at Morgan Stanley leading RCL Capital. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Active, Closed, This describes the type of investor this organization is (e.g. We have seen strong growth in both the number of families and AUM since inception. GCI Publishing 2016-2023. Find company research, competitor information, contact details & financial data for RUDAK WA AGNIESZKA RUDAK of Bydgoszcz, kujawsko-pomorskie. qualification under the securities laws of any such state or The firm has a highly differentiated investment strategy: Identifying and collaborating with the most innovative enterprise software companies to implement proven, best-in-class revenue growth, innovation and operational strategies to dramatically accelerate financial and market success while building durable, industry-leading businesses. A critical element of the firms strategy includes the Smith Point Precision Advisory Network, which is comprised of senior executives currently operating at many of the most innovative software companies in the world. Solamere Capital. https://www.prnewswire.com/news-releases/former-salesforce-co-ceo-keith-block-launches-enterprise-software-investment-firm-smith-point-capital-llc-301806772.html, Newell Brands President addresses elephant in the room: Bed Bath & Beyond, A volatile summer is coming as Fed pause, debt tussle meet. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. No fund closings have been recorded for this company. Ron Sargent Former Chairman & CEO, Staples Lee Scott Former CEO, Walmart Chris Shumway Founder, Shumway Capital L.E. The solicitation or sale would be unlawful prior to registration or Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. Visit a quote page and your recently viewed tickers will be displayed here. Smith Point has set a hard cap for investor commitments of $400 million for Fund I. All rights reserved. services, today announced a $100 million equity investment co-led by Company Type For Profit. Headquarters Location 137 Newbury Street Seventh Floor Boston, Massachusetts, 02116, United States Suggest an edit Want to inform investors similar to Solamere Capital about your company? This is a profile preview from the PitchBook Platform. Lists of Venture Capital and Private Equity FirmsFranchise Opportunities ContributorsBusiness Glossary. A Tech Company. To explore Solamere Capital Fund IIs full profile, request access. The shares of equity securities offered in the private placement have $7M-$20M EBITDA. Solamere Capital Fund II is a large advisory firm with 19 clients and discretionary assets under management (AUM) of $3,205,113,223 (Form ADV from 2022-06-30). (d) an investment company registered under Section 8 of the Investment Company Act. Why do intermediaries present opportunities and want to conduct transactions with the firm? Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. companies in North America. Tagg Romney, Zwick, and. 2008. . Prior to Salesforce, he served as Executive Vice President of North America at Oracle. Solamere has a committed capital . Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. Vivint Public RelationsLiz Tanner, 801-229-6956liz.tanner@vivint.com, Peter Thiel and Solamere Capital Co-Lead $100 Million Investment in Vivint Smart Home, Internet Explorer presents a security risk. Solamere Capital, a Boston-based private equity firm formerly chaired by Mitt Romney, has raised $910 million for its fourth flagship fund, according to Axios.Romney's son Tagg Romney is a co-founder and managing partner at Solamere. | Contact | Terms & Conditions The firm has an additional office in New York. Firm Inception:2008Number of Active Portfolio Investments:31Number of Realized Investments:25Investment Range:$30 - $60MCurrent Fund:Fund IIICurrent Fund Size:$650M, Leadership:Tagg Romney Co-Founder & Managing PartnerEric Scheuermann Co-Founder & Managing PartnerSpencer Zwick Co-Founder & Managing PartnerScott Hutchins PartnerPaul Ryan PartnerVaibhav Saraiya Partner, Team Members:24Primary Address:137 Newbury Street, 7th Floor, Boston, MA 02116Website:solamerecapital.comPhone Number:857-362-9213Which best describes the firm? Prior to Longfellow, he served in various senior executive roles with enterprise software companies and as a Managing Director at Morgan Stanley leading RCL Capital. We respect your privacy. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. For Peter and Solamere to place their confidence in Vivint as the smart They like partnering with us given our strategic LP base and flexible approach. Smith Point's co-founders include software industry veterans Burke. To explore Solamere Capital Fund IIIs full profile, request access. influential, strategic business leaders that use their industry Smith Point Capital, a San Francisco, CA and NYC-based operator-led enterprise software venture investment firm, launched the firm and held the first closing of its inaugural fund, Smith Point Capital Fund I. ServiceNow, a global leader in cloudbased platform and solutions, is Smith Points strategic partner and an anchor investor in Smith Point Capital Fund I. Solamere Capital has invested in only one tech company, according to our database records. It works directly with these founders in a multi-family office capacity, providing superior service and a diversified mix of top-tier. Get the latest business insights from Dun & Bradstreet. Location. working together to redefine the home experience.. This information is available in the PitchBook Platform. Our investors help source, diligence and most importantly, make introductions to new potential customers in partnership with the management teams of our portfolio companies. storage and an array of sensors. home market will reach $40 billion by 2020. This is a profile preview from the PitchBook Platform. Here's a list of some of the top trending technologies and APIs used by Solamere Capital. Strategy Analytics estimates that the smart This PE firm profile is powered by VentureDeal.com, a leading supplier of private equity firm tech funding data. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. Overview Number of Portfolio Companies 1 Number of Exits 1 Primary Job Title Co-Founder and Managing Partner Primary Organization Solamere Capital Location Boston, Massachusetts, United States Regions Greater Boston Area, East Coast, New England Gender Male Investor Type Investment Partner, Individual/Angel Number of Exits 1 And H.I.G., in turn, is one of the largest partners, with nearly $10 billion of equity capital, of Solamere Capital, the investment fund founded and run by Tagg Romney (pictured), Mitt's. With the accelerating pace of digital transformation, the increasingly mission-critical nature of software across all industries and geographies, and the dramatic reset in valuations, the Smith Point team believes the firm's launch could not come at a more promising moment to invest in, and help build, durable, industry-leading enterprise software businesses.
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