solamere capital portfolio companies

SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. 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 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. including the Amazon Echo and the Nest Learning Thermostat. | Terms & Conditions Investment sectors. Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. "Keith and the Smith Point team have an exceptional track record of success in the software industry," said ServiceNow Chairman and CEO Bill McDermott. | Contact Solamere Capital Fund II GP, LP. The news and analysis powering European private equity. 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. 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 Smith Point team has successfully executed on hundreds of software investments across multiple economic cycles. 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. Browse more private equity investors: Location. Solamere Capital serves as a multi-family office focusing on superior private equity opportunities. Ou r Network. Copyright 2001-2023. 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. | Disclaimer Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the company's Board of Directors. Why do prospects want to do business with the firm? Fund Manager's Location. 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). To ensure the most secure and best overall experience on our website, we recommend the latest versions of. No fund closings have been recorded for this company. "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. Solamere's investment model . Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. Why do intermediaries present opportunities and want to conduct transactions with the firm? the U.S. and Canada. 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. All rights reserved. The firm has an additional office in New York. :Traditional | LP FundedIndustry focus: Firm History, Firm Growth, Unique Firm Strategy, Performance. Portfolio Companies. Prior to Salesforce, he served as Executive Vice President of North America at Oracle. 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 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. 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. Founders Eric Scheuermann, Mitt Romney, Spencer Zwick. States absent registration or an applicable exemption from registration Hillman Co., Solamere Capital, Carnegie Mellon and billionaire investor David A. Tepper have also invested in the fund. Investor Type Fund Of Funds. 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. Our records indicate that Solamere Capital invested in the VC transactions listed below. Find company research, competitor information, contact details & financial data for Solamere Capital, LLC of Boston, MA. About Our Private Equity Investor Database. This is a profile preview from the PitchBook Platform. Top investors validate Vivints winning smart home strategy. Act of 1933, as amended, and may not be offered or sold in the United The MarketWatch News Department was not involved in the creation of this content. Let's connect. | News Here's a list of some of the top trending technologies and APIs used by Solamere Capital. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. requirements. SOLAMERE CAPITAL FUND III, LP Filings Differentiated Enterprise Software Investment Strategy. This is a profile preview from the PitchBook Platform. About Get the full list, Morningstar Institutional Equity Research. 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. services, today announced a $100 million equity investment co-led by 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. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. So employees and customers can be more connected, more innovative, and more agile. Vivint Smart Home. The firm prefers to invest in the healthcare, and consumer products and services sectors across Canada and the 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. 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 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. The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. 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 formed by a collection of influential industries to identify private equity opportunities by leveraging their unparalleled networks, business expertise, and access to compelling opportunities. Find top employees, contact details and business statistics at RocketReach. 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. Check The Appropriate Box if a Member of a Group (See Instructions) . 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. 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. 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 Company. The Daily Deal Newsletter, Smith Point Capital Launches and Holds First Closing of Inaugural Fund. in-home consultation, professional installation and support delivered by 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. smart home experience. Business Services, Consumer Growth, Industrial Growth. home market will reach $40 billion by 2020. 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 A In addition to its rapidly expanding product suite, Vivint has 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? integrated leading smart home products into its Vivint Sky platform, You can also contact MarketWatch Customer Service via our Customer Center. Smith Point Capital was founded by leading enterprise technology operators and investors. Win whats next. This information is available in the PitchBook Platform. Thiel is known for backing transformational technology companies. Get the latest business insights from Dun & Bradstreet. 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. 2023 PitchBook. its Smart Home Pros, as well as 24-7 customer care and monitoring to To explore Solamere Capital Fund IIIs full profile, request access. Solamere Capital was founded byTagg Romney,Eric Solamere Capital is a PE firm that backs tech-focused businesses. 7th Floor. Boston, MA 02116. Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. 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 headed, said Todd Pedersen, founder and CEO of Vivint Smart Home. Phone Number +1 857 362 9205. The company pairs its technology with and services, Vivint serves more than one million customers throughout 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. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. Legal Name SOLAMERE CAPITAL, LLC. 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. 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. 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,. Provo, UT 84604 USA . North Atlantic States Carpenters Pension Fund, To view Solamere Capital Fund IIIs complete limited partners history, request access, Morningstar Institutional Equity Research. 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. Win whats next. in-home consultation, professional installation and support delivered by 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. Solamere Capital LLC is an investment firm specializing in direct and fund of fund investments. 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. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. Solamere Capital was the main sponsor of Mr. Ryan's SPAC, Executive Network Partnering Corp. innovation as it extends its preeminent position in the growing smart Strategic network that can add value to management team's growth plans. high-quality management teams. 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. 2. Attributes:Solamere has a unique history with backing from families represented by CEOs, former CEOs and owner-operators of mid to large cap businesses. Contact the source provider Comtex at editorial@comtex.com. Contact Information Website www.solamerecapital.com Year Founded 2008 shareholders of Airbnb. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. influential, strategic business leaders that use their industry Get the latest business insights from Dun & Bradstreet. Get the full list, To view Solamere Capital Fund IIs complete team members history, request access, Youre viewing 5 of 34 funds. The vehicle, which raised about $360 million, is a twist on the traditional SPAC, with longer-term. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. 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. 2023 PitchBook. Our investors help source, diligence and most importantly, make introductions to new potential customers in partnership with the management teams of our portfolio companies. If we are missing a portfolio company, please let us know. 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. 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? Contact Email investorrelations@solameregroup.com. its Smart Home Pros, as well as 24-7 customer care and monitoring. To explore Solamere Capital Fund IIs full profile, request access. Each CAPS. Number of Exits 1. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Tagg Romney, Zwick, and. "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. Smith Point has set a hard cap for investor commitments of $400 million for Fund I. Visit a quote page and your recently viewed tickers will be displayed here. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. All rights reserved. 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. tech investor Peter Thiel and investment firm Solamere Capital. 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. fact that they are investing in our future demonstrates their passion They like partnering with us given our strategic LP base and flexible approach. The not been and will not be registered under the United States Securities 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 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. 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. 2008. . Executive Partner Group. 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. Year Founded. 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 | Advertise Founded Date 2008. The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. 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 . (40 families/$240m AUM in 2009 to 130 families/$2b AUM today) with top quartile performance. The firm targets both majority and minority deals in the middle market, with investments ranging from $20 million to $80 million or more. (c) an insurance company as defined in Section 3(a)(19) of the Exchange Act. This PE firm profile is powered by VentureDeal.com, a leading supplier of private equity firm tech funding data. 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. For Peter and Solamere to place their confidence in Vivint as the smart Solamere Capital Fund II is based out of Boston. Solamere, a Boston firm . Ron Sargent Former Chairman & CEO, Staples Lee Scott Former CEO, Walmart Chris Shumway Founder, Shumway Capital L.E. first outside investor in Facebook and is one of the largest PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. PROVO, Utah--(BUSINESS WIRE)--Vivint Smart Home, a leading provider of smart home technology and Solamere Capital. For more information, visit:www.solameregroup.com. 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 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. United States. HQ 137 Newbury Street, 7th Floor, Boston, MA 02116, 712 Fifth Avenue, 45thFloorNew York, NY 10019, Call 857-362-9213 | Visit solamerecapital.com. Operating Status Active. company, Vivint delivers its integrated platform and products with With more than one million customers and revenue of more than $650 137 Newbury Street. Solamere consists of a collection of $7M-$20M EBITDA. venture capitalist and entrepreneur who co-founded PayPal, Thiel was the expertise to access and grow superior private investments alongside 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. The fund is located in Boston, Massachusetts, and will invest in the United States. It works directly with these founders in a multi-family office capacity, providing superior service and a diversified mix of top-tier. 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. for our business and their vision for this industry. If we are missing a portfolio company, please let us know. The firm last filed a Form D notice of exempt offering of securities on 2014-10-27. 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. Solamere has a committed capital . Home Smith Point Capital Launches and Holds First Closing of Inaugural Fund, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. Together with an incredible team of industry luminaries, we are bringing our operator-led investment approach to enterprise software investing.". Solamere Capital was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. jurisdiction. 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. (d) an investment company registered under Section 8 of the Investment Company Act. Lists of Venture Capital and Private Equity Firms. Published on April 25, 2023. This press release shall not constitute an offer to sell or the View contacts for Solamere Capital to access new leads and connect with decision-makers. securities in any state or jurisdiction in which such an offer, Your information will not be made available to third-parties. Solamere Capital has invested in only one tech company, according to our database records. Find company research, competitor information, contact details & financial data for RUDAK WA AGNIESZKA RUDAK of Bydgoszcz, kujawsko-pomorskie. Copyright 2023 MarketWatch, Inc. All rights reserved. combines innovative products and services to offer homeowners the best ScheuermannandSpencer Zwick, and Mitt Romney serves as Chairman of the 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 below charts are illustrative of the type of graphical data available to our clients and do not represent live data. million, Vivint is one of the largest and fastest-growing smart home Sign up with your email address to receive news and updates. Is there a problem with this press release? Business Services Light Industrials Healthcare . strategic investment will help fuel Vivints rapid growth and product 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. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. 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. 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.

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