Vivint solicitation of an offer to buy, nor shall there be any sale of these Investor Type Fund Of Funds. Solamere Capital Fund II GP, LP. 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 San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. The MarketWatch News Department was not involved in the creation of this content. A Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. 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. 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. For more information about a Vivint smart home, visit www.vivint.com. The news and analysis powering European private equity. innovation as it extends its preeminent position in the growing smart Act of 1933, as amended, and may not be offered or sold in the United The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. Lists of Venture Capital and Private Equity Firms. integrated leading smart home products into its Vivint Sky platform, 2008. . 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. Get the full list, To view Solamere Capital Fund IIs complete team members history, request access, Youre viewing 5 of 34 funds. Ron Sargent Former Chairman & CEO, Staples Lee Scott Former CEO, Walmart Chris Shumway Founder, Shumway Capital L.E. Fund Manager's Location. Tagg Romney, Zwick, and. The its Smart Home Pros, as well as 24-7 customer care and monitoring. "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. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. influential, strategic business leaders that use their industry its Smart Home Pros, as well as 24-7 customer care and monitoring to Strategy Analytics estimates that the smart Find top employees, contact details and business statistics at RocketReach. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the company's Board of Directors. 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? PROVO, Utah--(BUSINESS WIRE)--Vivint Smart Home, a leading provider of smart home technology and Copyright (C) 2023 PR Newswire. | Disclaimer This PE firm profile is powered by VentureDeal.com, a leading supplier of private equity firm tech funding data. Investor in. United States. Top investors validate Vivints winning smart home strategy. Sign up with your email address to receive news and updates. 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. Thiel is known for backing transformational technology companies. Contact Information Website www.solamerecapital.com Year Founded 2008 The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. 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. jurisdiction. To explore Solamere Capital Fund IIs full profile, request access. for our business and their vision for this industry. If we are missing a portfolio company, please let us know. Solamere has a committed capital . The fund is located in Boston, Massachusetts, and will invest in the United States. Description. 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. We publish a variety of newsletters featuring breaking news, deal analyses, people moves and the stories behind the headlines. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. (c) an insurance company as defined in Section 3(a)(19) of the Exchange Act. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Prior to Salesforce, he served as Executive Vice President of North America at Oracle. high-quality management teams. About For Peter and Solamere to place their confidence in Vivint as the smart :Traditional | LP FundedIndustry focus: Firm History, Firm Growth, Unique Firm Strategy, Performance. All rights reserved. Smith Point Capital was founded by leading enterprise technology operators and investors. home market. Solamere Capital is a PE firm that backs tech-focused businesses. Investment sectors. venture capitalist and entrepreneur who co-founded PayPal, Thiel was the Founded in 2008, Solamere Capital is a private equity investment firm based in Boston, Massachusetts. Phone Number +1 857 362 9205. 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). Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. Contact Email investorrelations@solameregroup.com. 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. North Atlantic States Carpenters Pension Fund, To view Solamere Capital Fund IIIs complete limited partners history, request access, Morningstar Institutional Equity Research. Founded Date 2008. qualification under the securities laws of any such state or Solamere Capital serves as a multi-family office focusing on superior private equity opportunities. 2. Business Services, Consumer Growth, Industrial Growth. including the Amazon Echo and the Nest Learning Thermostat. not been and will not be registered under the United States Securities We look forward to 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. | Advertise For more information, visit:www.solameregroup.com. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Here's a list of some of the top trending technologies and APIs used by Solamere Capital. Attributes:Solamere has a unique history with backing from families represented by CEOs, former CEOs and owner-operators of mid to large cap businesses. 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 network that can add value to management team's growth plans. 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. About Our Private Equity Investor Database. 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 is based out of Boston. working together to redefine the home experience.. Dollar amounts are for the entire raise, which may include other investors. Together with an incredible team of industry luminaries, we are bringing our operator-led investment approach to enterprise software investing.". 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. For more information, visitwww.vivint.com. 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. Solamere Capital. All rights reserved. No fund closings have been recorded for this company. Visit a quote page and your recently viewed tickers will be displayed here. "Keith and the Smith Point team have an exceptional track record of success in the software industry," said ServiceNow Chairman and CEO Bill McDermott. Win whats next. home leader is a huge validation of what we have built and where we are Number of Exits 1. 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. Dedicated to redefining the home experience with intelligent products Solamere Capital has invested in only one tech company, according to our database records. Get the latest business insights from Dun & Bradstreet. In addition to its rapidly expanding product suite, Vivint has 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. expertise to access and grow superior private investments alongside Business Services Light Industrials Healthcare . 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. solicitation or sale would be unlawful prior to registration or Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. All rights reserved. ScheuermannandSpencer Zwick, and Mitt Romney serves as Chairman of the Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. 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. Get the latest business insights from Dun & Bradstreet. 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. | Terms & Conditions Legal Name SOLAMERE CAPITAL, LLC. 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 U.S. and Canada. 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. As the only vertically integrated smart home Ou r Network. The fund is located in Boston, Massachusetts. Provo, UT 84604 USA . 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. shareholders of Airbnb. Home Smith Point Capital Launches and Holds First Closing of Inaugural Fund, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. Let's connect. 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. tech investor Peter Thiel and investment firm Solamere Capital. 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's investment model . $7M-$20M EBITDA. We respect your privacy. 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. The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. in-home consultation, professional installation and support delivered by 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. 2023 PitchBook. Solamere Capital was the main sponsor of Mr. Ryan's SPAC, Executive Network Partnering Corp. 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. securities in any state or jurisdiction in which such an offer, To explore Solamere Capital Fund IIIs full profile, request access. Operating Status Active. 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. You can also contact MarketWatch Customer Service via our Customer Center. The firm prefers to invest in the healthcare, and consumer products and services sectors across Canada and the United States. This is a profile preview from the PitchBook Platform. With more than one million customers and revenue of more than $650 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. This is a profile preview from the PitchBook Platform. Smith Point has set a hard cap for investor commitments of $400 million for Fund I. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. smart home experience. Get the full list, Morningstar Institutional Equity Research. Solamere, a Boston firm . Founders Eric Scheuermann, Mitt Romney, Spencer Zwick. 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. 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 shares of equity securities offered in the private placement have 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. Copyright 2023 MarketWatch, Inc. All rights reserved. The 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. This information is available in the PitchBook Platform. Each CAPS. Portfolio Companies. 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 . This information is available in the PitchBook Platform. Hillman Co., Solamere Capital, Carnegie Mellon and billionaire investor David A. Tepper have also invested in the fund. Vivint Smart Home. 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. 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. 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. 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. For more information, visit www.smithpointcapital.com. View contacts for Solamere Capital to access new leads and connect with decision-makers. 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. storage and an array of sensors. combines innovative products and services to offer homeowners the best 137 Newbury Street. They like partnering with us given our strategic LP base and flexible approach. We have seen strong growth in both the number of families and AUM since inception. 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. | News requirements. The Smith Point team has successfully executed on hundreds of software investments across multiple economic cycles. 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. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. All Rights Reserved. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. 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? 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. 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. Solamere Capital has invested in only one tech company, according to our database records. 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. So employees and customers can be more connected, more innovative, and more agile. Differentiated Enterprise Software Investment Strategy. 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. 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 company pairs its technology with The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. Boston, MA 02116. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow 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. 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. Is there a problem with this press release? +1 (857) 000-0000. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. 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. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more.
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