solamere capital portfolio companies

Strategic network that can add value to management team's growth plans. provide consumers with a superior smart home experience. in-home consultation, professional installation and support delivered by Solamere Capital Fund III is a fund of funds buyout fund managed by Solamere Capital. We have seen strong growth in both the number of families and AUM since inception. 2. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. Vivint Smart Home. 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. qualification under the securities laws of any such state or Investor in. venture capitalist and entrepreneur who co-founded PayPal, Thiel was the Each CAPS. securities in any state or jurisdiction in which such an offer, 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. | News influential, strategic business leaders that use their industry The MarketWatch News Department was not involved in the creation of this content. North Atlantic States Carpenters Pension Fund, To view Solamere Capital Fund IIIs complete limited partners history, request access, Morningstar Institutional Equity Research. $7M-$20M EBITDA. 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. Copyright 2023 MarketWatch, Inc. All rights reserved. Vivint Smart Home is a leading provider of smart home technology. Fund Manager's Location. requirements. :Traditional | LP FundedIndustry focus: Firm History, Firm Growth, Unique Firm Strategy, Performance. (40 families/$240m AUM in 2009 to 130 families/$2b AUM today) with top quartile performance. 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. solicitation or sale would be unlawful prior to registration or SOLAMERE CAPITAL FUND III, LP Filings integrated leading smart home products into its Vivint Sky platform, 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. 137 Newbury Street. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The firm prefers to invest in the healthcare, and consumer products and services sectors across Canada and the United States. 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. Get the latest business insights from Dun & Bradstreet. So employees and customers can be more connected, more innovative, and more agile. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Solamere Capital serves as a multi-family office focusing on superior private equity opportunities. 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. 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. Let's connect. In addition to its rapidly expanding product suite, Vivint has Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. home market. 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). 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. Boston, MA 02116. Operating Status Active. This press release shall not constitute an offer to sell or the Dedicated to redefining the home experience with intelligent products The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. 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. In 2008, Solamere set out to raise $200 million, and by May 2009 it had attracted $186 million from 39 investors, according to Securities and Exchange Commission records. This information is available in the PitchBook Platform. Solamere Capital was the main sponsor of Mr. Ryan's SPAC, Executive Network Partnering Corp. Find company research, competitor information, contact details & financial data for Solamere Capital, LLC of Boston, MA. companies in North America. View contacts for Solamere Capital to access new leads and connect with decision-makers. 2023 PitchBook. Lists of Venture Capital and Private Equity Firms. The news and analysis powering European private equity. 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 All rights reserved. Solamere, a Boston firm . 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 . Active, Closed, This describes the type of investor this organization is (e.g. The Daily Deal Newsletter, Smith Point Capital Launches and Holds First Closing of Inaugural Fund. Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. For more information about a Vivint smart home, visit www.vivint.com. Get the full list, To view Solamere Capital Fund IIs complete team members history, request access, Youre viewing 5 of 34 funds. Here's a list of some of the top trending technologies and APIs used by Solamere Capital. Year Founded. Company Information. This PE firm profile is powered by VentureDeal.com, a leading supplier of private equity firm tech funding data. 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. United States. 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 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. home leader is a huge validation of what we have built and where we are 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,. 7th Floor. innovation as it extends its preeminent position in the growing smart 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. 2008. . | Contact company, Vivint delivers its integrated platform and products with Why do prospects want to do business with the firm? Provo, UT 84604 USA . for our business and their vision for this industry. 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. Business Services, Consumer Growth, Industrial Growth. 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 For Peter and Solamere to place their confidence in Vivint as the smart Solamere has a committed capital . Solamere consists of a collection of 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. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. Copyright (C) 2023 PR Newswire. 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. 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? in-home consultation, professional installation and support delivered by For more information, visit:www.solameregroup.com. Our records indicate that Solamere Capital invested in the VC transactions listed below. 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. its Smart Home Pros, as well as 24-7 customer care and monitoring to its Smart Home Pros, as well as 24-7 customer care and monitoring. Lists of Venture Capital and Private Equity FirmsFranchise Opportunities ContributorsBusiness Glossary. Size of target portfolio companies. combines innovative products and services to offer homeowners the best To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Copyright 2001-2023. 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. Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand. high-quality management teams. Win whats next. Differentiated Enterprise Software Investment Strategy. Solamere Capital Fund II is based out of Boston. Act of 1933, as amended, and may not be offered or sold in the United PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. | Advertise 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. This is a profile preview from the PitchBook Platform. | Smith Point's co-founders include software industry veterans Burke. Company Type For Profit. No fund closings have been recorded for this company. Smith Point Capital was founded by leading enterprise technology operators and investors. Phone Number +1 857 362 9205. The company pairs its technology with A and services, Vivint serves more than one million customers throughout Solamere Capital was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. 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. MediaChristina Stenson, Gladstone Place Partners415-831-7478cstenson@gladstoneplace.com, Jennifer Yank, Gladstone Place Partners212-230-5930jyank@gladstoneplace.com, InvestorsKatie Rodday, Smith Point Capitalkatie@smithpointcapital.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/former-salesforce-co-ceo-keith-block-launches-enterprise-software-investment-firm-smith-point-capital-llc-301806772.html, COMTEX_430129375/2454/2023-04-25T09:00:28. If we are missing a portfolio company, please let us know. jurisdiction. States absent registration or an applicable exemption from registration 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? Ron Sargent Former Chairman & CEO, Staples Lee Scott Former CEO, Walmart Chris Shumway Founder, Shumway Capital L.E. not been and will not be registered under the United States Securities We look forward to To explore Solamere Capital Fund IIs full profile, request access. shareholders of Airbnb. As the only vertically integrated smart home The fund is located in Boston, Massachusetts, and will invest in the United States. headed, said Todd Pedersen, founder and CEO of Vivint Smart Home. Number of Exits 1. first outside investor in Facebook and is one of the largest We publish a variety of newsletters featuring breaking news, deal analyses, people moves and the stories behind the headlines. Top investors validate Vivints winning smart home strategy. Legal Name SOLAMERE CAPITAL, LLC. services, today announced a $100 million equity investment co-led by The strategic partnership between Smith Point and ServiceNow will drive a new wave of growth through the next generation of digital disruptors.". Hillman Co., Solamere Capital, Carnegie Mellon and billionaire investor David A. Tepper have also invested in the fund. including the Amazon Echo and the Nest Learning Thermostat. Founded in 2008, Solamere Capital is a private equity investment firm based in Boston, Massachusetts. 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. Attributes:Solamere has a unique history with backing from families represented by CEOs, former CEOs and owner-operators of mid to large cap businesses. 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. Investment sectors. All rights reserved. For more information, visitwww.vivint.com. +1 (857) 000-0000. A critical element of the firm's strategy includes the Smith Point Precision Advisory Network, which is comprised of industry-leading senior executives currently operating at many of the most innovative software companies in the world. 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. The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. solicitation of an offer to buy, nor shall there be any sale of these The Smith Point team has successfully executed on hundreds of software investments across multiple economic cycles. All rights reserved. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. | Disclaimer Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. 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. Get the latest business insights from Dun & Bradstreet. Angel, Fund of Funds, Venture Capital), Whether an Organization is for profit or non-profit, General contact email for the organization, Edit Lists Featuring This Company Section, Mitt Romney's firm returns with third fund, New England Investors with Funds Raised in 2014, East Coast Investors with Funds Raised in 2018. Gaebler Ventures. If we are missing a portfolio company, please let us know. 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. 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. Why do intermediaries present opportunities and want to conduct transactions with the firm? "Over the course of my career, I've seen the power of putting the right investment together with the right operational expertise to accelerate growth and build industry-leading businesses," said Keith Block, Founder and CEO of Smith Point. The shares of equity securities offered in the private placement have Solamere Capital was founded byTagg Romney,Eric 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. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. ScheuermannandSpencer Zwick, and Mitt Romney serves as Chairman of the It works directly with these founders in a multi-family office capacity, providing superior service and a diversified mix of top-tier. 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. Is there a problem with this press release? 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. Former Salesforce Co-CEO Keith Block Launches Enterprise Software Investment Firm, Smith Point Capital, LLC, Apr 25, 2023 (PRNewswire via COMTEX) -- 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. (d) an investment company registered under Section 8 of the Investment Company Act. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. expertise to access and grow superior private investments alongside All Rights Reserved. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand Glennmont Partners sells Portuguese solar portfolio, Adviser to Carlyle co-founder David Rubensteins family office registers with the SEC, TPGs Rise Fund II moves closer to target amid rise of impact investing, Game on: Meet the PE firms building sports empires. Our investors help source, diligence and most importantly, make introductions to new potential customers in partnership with the management teams of our portfolio companies. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Visit a quote page and your recently viewed tickers will be displayed here. 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. Location. Business Services Light Industrials Healthcare . 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. 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. The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. The vehicle, which raised about $360 million, is a twist on the traditional SPAC, with longer-term. Thiel is known for backing transformational technology companies. Sign up with your email address to receive news and updates. Get the full list, Morningstar Institutional Equity Research. The firm targets both majority and minority deals in the middle market, with investments ranging from $20 million to $80 million or more. 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. All rights reserved. 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. 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. GCI Publishing 2016-2023. Ryan will join Solamere Capital, a private equity firm founded by Utah Sen. Mitt Romneys son Taggart, as well as Eric Scheuermann and Spencer Zwick, as a partner. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Executive Partner Group. Prior to Salesforce, he served as Executive Vice President of North America at Oracle. Tech Company. Find top employees, contact details and business statistics at RocketReach. Portfolio Companies. Home Smith Point Capital Launches and Holds First Closing of Inaugural Fund, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. 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 Capital Fund II GP, LP. For more information, visit www.smithpointcapital.com. Contact the source provider Comtex at editorial@comtex.com. Solamere's investment model . The fund is located in Boston, Massachusetts. Tagg Romney, Zwick, and. Vivint offers a custom platform with integrated smart home products, Dollar amounts are for the entire raise, which may include other investors. Vivint 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. 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 has invested in only one tech company, according to our database records. Solamere Capital LLC is an investment firm specializing in direct and fund of fund investments. 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. tech investor Peter Thiel and investment firm Solamere Capital. Contact Information Website www.solamerecapital.com Year Founded 2008 working together to redefine the home experience.. The firm has an additional office in New York. Founders Eric Scheuermann, Mitt Romney, Spencer Zwick. million, Vivint is one of the largest and fastest-growing smart home The firm last filed a Form D notice of exempt offering of securities on 2014-10-27. Read the Full Story by Signing In or Sign Up Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. The smart home experience. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. This is a profile preview from the PitchBook Platform. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. the U.S. and Canada. 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. Your information will not be made available to third-parties. 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. 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. Ou r Network. The company's cloud-based platform and solutions help digitize and unify organizations so that they can find smarter, faster, better ways to make work flow. storage and an array of sensors. About Our Private Equity Investor Database. Description. Published on April 25, 2023. 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. 2023 PitchBook. Contact Email investorrelations@solameregroup.com. Together with an incredible team of industry luminaries, we are bringing our operator-led investment approach to enterprise software investing.". Smith Point has set a hard cap for investor commitments of $400 million for Fund I. Founded Date 2008. | Terms & Conditions 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. To explore Solamere Capital Fund IIIs full profile, request access. 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 . strategic investment will help fuel Vivints rapid growth and product 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.

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