You can also contact MarketWatch Customer Service via our Customer Center. Differentiated Enterprise Software Investment Strategy. Executive Partner Group. (d) an investment company registered under Section 8 of the Investment Company Act. This information is available in the PitchBook Platform. Thiel is known for backing transformational technology companies. Sign up with your email address to receive news and updates. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. Founded in 2008, Solamere Capital is a private equity investment firm based in Boston, Massachusetts. 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. Home Smith Point Capital Launches and Holds First Closing of Inaugural Fund, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. The fund is located in Boston, Massachusetts. United States. Solamere, a Boston firm . 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. storage and an array of sensors. The company pairs its technology with its Smart Home Pros, as well as 24-7 customer care and monitoring. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. 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. including smart door locks, thermostat, cameras, doorbell camera, cloud The | News Tagg Romney, Zwick, and. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. 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. Active, Closed, This describes the type of investor this organization is (e.g. 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 Capital was founded byTagg Romney,Eric Ron Sargent Former Chairman & CEO, Staples Lee Scott Former CEO, Walmart Chris Shumway Founder, Shumway Capital L.E. 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? 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. 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. Copyright 2001-2023. 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. No fund closings have been recorded for this company. home market will reach $40 billion by 2020. $7M-$20M EBITDA. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. For more information, visit www.smithpointcapital.com. Vivint Smart Home is a leading provider of smart home technology. tech investor Peter Thiel and investment firm Solamere Capital. 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. Vivint smart home experience. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. jurisdiction. Why do prospects want to do business with the firm? Lists of Venture Capital and Private Equity FirmsFranchise Opportunities ContributorsBusiness Glossary. 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. Act of 1933, as amended, and may not be offered or sold in the United fact that they are investing in our future demonstrates their passion Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. 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. All rights reserved. Browse more private equity investors: 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. Together with an incredible team of industry luminaries, we are bringing our operator-led investment approach to enterprise software investing.". 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. Description. 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 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. home market. Founded Date 2008. For more information, visitwww.vivint.com. Get the full list, Morningstar Institutional Equity Research. in-home consultation, professional installation and support delivered by Solamere's investment model . Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. Strategic network that can add value to management team's growth plans. Solamere consists of a collection of Investor Type Fund Of Funds. 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. Solamere Capital. In addition to its rapidly expanding product suite, Vivint has The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. headed, said Todd Pedersen, founder and CEO of Vivint Smart Home. (40 families/$240m AUM in 2009 to 130 families/$2b AUM today) with top quartile performance. All rights reserved. The strategic partnership between Smith Point and ServiceNow will drive a new wave of growth through the next generation of digital disruptors.". Dedicated to redefining the home experience with intelligent products PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Vivint offers a custom platform with integrated smart home products, | Contact Strategy Analytics estimates that the smart To explore Solamere Capital Fund IIIs full profile, request access. 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. The fund is located in Boston, Massachusetts, and will invest in the United States. 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. Solamere Capital Fund II is based out of Boston. Published on April 25, 2023. Phone Number +1 857 362 9205. The Daily Deal Newsletter, Smith Point Capital Launches and Holds First Closing of Inaugural Fund. solicitation or sale would be unlawful prior to registration or SOLAMERE CAPITAL FUND III, LP Filings Company Information. Here's a list of some of the top trending technologies and APIs used by Solamere Capital. Copyright 2023 MarketWatch, Inc. All rights reserved. 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 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 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. Portfolio Companies. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. companies in North America. Prior to Salesforce, he served as Executive Vice President of North America at Oracle. Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand. About We respect your privacy. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. :Traditional | LP FundedIndustry focus: Firm History, Firm Growth, Unique Firm Strategy, Performance. Tech Company. in-home consultation, professional installation and support delivered by The firm prefers to invest in the healthcare, and consumer products and services sectors across Canada and the United States. Is there a problem with this press release? Contact Email investorrelations@solameregroup.com. 2023 PitchBook. shareholders of Airbnb. including the Amazon Echo and the Nest Learning Thermostat. Find top employees, contact details and business statistics at RocketReach. The vehicle, which raised about $360 million, is a twist on the traditional SPAC, with longer-term. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. To explore Solamere Capital Fund IIs full profile, request access. combines innovative products and services to offer homeowners the best If we are missing a portfolio company, please let us know. 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, Internet Explorer is no longer supported. Solamere Capital was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. integrated leading smart home products into its Vivint Sky platform, Check The Appropriate Box if a Member of a Group (See Instructions) . Read the Full Story by Signing In or Sign Up Our investors help source, diligence and most importantly, make introductions to new potential customers in partnership with the management teams of our portfolio companies. and services, Vivint serves more than one million customers throughout 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. HQ 137 Newbury Street, 7th Floor, Boston, MA 02116, 712 Fifth Avenue, 45thFloorNew York, NY 10019, Call 857-362-9213 | Visit solamerecapital.com. Company Type For Profit. 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 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. 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. solicitation of an offer to buy, nor shall there be any sale of these Win whats next. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. The fund is located in Boston, Massachusetts, and will invest in the United States. Solamere Capital has invested in only one tech company, according to our database records. 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. This PE firm profile is powered by VentureDeal.com, a leading supplier of private equity firm tech funding data. 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. Solamere Capital has invested in only one tech company, according to our database records. As the only vertically integrated smart home Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. Get the latest business insights from Dun & Bradstreet. This information is available in the PitchBook Platform. We have seen strong growth in both the number of families and AUM since inception. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. 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 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. 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. Size of target portfolio companies. "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. This is a profile preview from the PitchBook Platform. 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. GCI Publishing 2016-2023. first outside investor in Facebook and is one of the largest The Smith Point team has successfully executed on hundreds of software investments across multiple economic cycles. Your information will not be made available to third-parties. Investor in. Fund Manager's Location. 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. The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. For more information, visit:www.solameregroup.com. not been and will not be registered under the United States Securities 137 Newbury Street. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. 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. Ou r Network. Legal Name SOLAMERE CAPITAL, LLC. 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. Smith Point Capital was founded by leading enterprise technology operators and investors. Solamere Capital is a PE firm that backs tech-focused businesses. 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. company, Vivint delivers its integrated platform and products with The shares of equity securities offered in the private placement have All rights reserved. Vivint Smart Home. | Disclaimer 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. Solamere Capital Fund II GP, LP. ScheuermannandSpencer Zwick, and Mitt Romney serves as Chairman of the With more than one million customers and revenue of more than $650 Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. +1 (857) 000-0000. Boston, MA 02116. 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. influential, strategic business leaders that use their industry View contacts for Solamere Capital to access new leads and connect with decision-makers. 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. Business Services, Consumer Growth, Industrial Growth. 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. PROVO, Utah--(BUSINESS WIRE)--Vivint Smart Home, a leading provider of smart home technology and | Advertise The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. Smith Point's co-founders include software industry veterans Burke. Contact the source provider Comtex at editorial@comtex.com. The Year Founded. The MarketWatch News Department was not involved in the creation of this content. Solamere Capital serves as a multi-family office focusing on superior private equity opportunities. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. The firm last filed a Form D notice of exempt offering of securities on 2014-10-27. All rights reserved. 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. Former Salesforce Co-CEO Keith Block Launches Enterprise Software Investment Firm, Smith Point Capital, LLC, Apr 25, 2023 (PRNewswire via COMTEX) -- 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). Business Services Light Industrials Healthcare . Find company research, competitor information, contact details & financial data for Solamere Capital, LLC of Boston, MA. The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. Visit a quote page and your recently viewed tickers will be displayed here. 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 . Investment sectors. 7th Floor. 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. for our business and their vision for this industry. 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. the U.S. and Canada. high-quality management teams. 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. So employees and customers can be more connected, more innovative, and more agile. its Smart Home Pros, as well as 24-7 customer care and monitoring to provide consumers with a superior smart home experience. 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. 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. strategic investment will help fuel Vivints rapid growth and product 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. 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? requirements. 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. services, today announced a $100 million equity investment co-led by Solamere Capital was the main sponsor of Mr. Ryan's SPAC, Executive Network Partnering Corp. Each CAPS. 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. Founders Eric Scheuermann, Mitt Romney, Spencer Zwick. 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. Smith Point has set a hard cap for investor commitments of $400 million for Fund I. home leader is a huge validation of what we have built and where we are Dollar amounts are for the entire raise, which may include other investors. It works directly with these founders in a multi-family office capacity, providing superior service and a diversified mix of top-tier. "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. North Atlantic States Carpenters Pension Fund, To view Solamere Capital Fund IIIs complete limited partners history, request access, Morningstar Institutional Equity Research. About Our Private Equity Investor Database. Provo, UT 84604 USA . 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. Number of Exits 1. Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital.

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