North Atlantic States Carpenters Pension Fund, To view Solamere Capital Fund IIIs complete limited partners history, request access, Morningstar Institutional Equity Research. Company Type For Profit. | Disclaimer Our records indicate that Solamere Capital invested in the VC transactions listed below. Find top employees, contact details and business statistics at RocketReach. the U.S. and Canada. 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. States absent registration or an applicable exemption from registration (d) an investment company registered under Section 8 of the Investment Company Act. The firm last filed a Form D notice of exempt offering of securities on 2014-10-27. All rights reserved. 2. Copyright 2001-2023. home market will reach $40 billion by 2020. (c) an insurance company as defined in Section 3(a)(19) of the Exchange Act. 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. 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. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. Legal Name SOLAMERE CAPITAL, LLC. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. 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. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. 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. Tech Company. combines innovative products and services to offer homeowners the best "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. 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. Contact Email investorrelations@solameregroup.com. Number of Exits 1. To explore Solamere Capital Fund IIIs full profile, request access. 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. integrated leading smart home products into its Vivint Sky platform, its Smart Home Pros, as well as 24-7 customer care and monitoring. The shares of equity securities offered in the private placement have 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 Portfolio Companies. Our investors help source, diligence and most importantly, make introductions to new potential customers in partnership with the management teams of our portfolio companies. Lists of Venture Capital and Private Equity FirmsFranchise Opportunities ContributorsBusiness Glossary. Phone Number +1 857 362 9205. Year Founded. 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 Smith Point has set a hard cap for investor commitments of $400 million for Fund I. companies in North America. in-home consultation, professional installation and support delivered by Solamere Capital is a PE firm that backs tech-focused businesses. Business Services Light Industrials Healthcare . The strategic partnership between Smith Point and ServiceNow will drive a new wave of growth through the next generation of digital disruptors.". The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. So employees and customers can be more connected, more innovative, and more agile. Check The Appropriate Box if a Member of a Group (See Instructions) . Boston, MA 02116. securities in any state or jurisdiction in which such an offer, 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. This is a profile preview from the PitchBook Platform. 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. solicitation of an offer to buy, nor shall there be any sale of these 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 consists of a collection of +1 (857) 000-0000. 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. 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. The 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. 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. 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. 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. Founded Date 2008. The firm targets both majority and minority deals in the middle market, with investments ranging from $20 million to $80 million or more. company, Vivint delivers its integrated platform and products with (40 families/$240m AUM in 2009 to 130 families/$2b AUM today) with top quartile performance. 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. Strategic network that can add value to management team's growth plans. 2023 PitchBook. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Each CAPS. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Business Services, Consumer Growth, Industrial Growth. The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. The fund is located in Boston, Massachusetts, and will invest in the United States. home leader is a huge validation of what we have built and where we are home market. 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. 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. Active, Closed, This describes the type of investor this organization is (e.g. The company pairs its technology with Solamere, a Boston firm . Your information will not be made available to third-parties. Vivint Smart Home is a leading provider of smart home technology. Thiel is known for backing transformational technology companies. | Advertise Get the latest business insights from Dun & Bradstreet. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. United States. Ou r Network. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. 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 LLC is an investment firm specializing in direct and fund of fund investments. 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. Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand. 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. 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. 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). 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. 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 . Why do intermediaries present opportunities and want to conduct transactions with the firm? venture capitalist and entrepreneur who co-founded PayPal, Thiel was the Copyright 2023 MarketWatch, Inc. All rights reserved. If we are missing a portfolio company, please let us know. Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. Solamere Capital Fund II GP, LP. Is there a problem with this press release? Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. Tagg Romney, Zwick, and. 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. All rights reserved. All rights reserved. The MarketWatch News Department was not involved in the creation of this content. Provo, UT 84604 USA . Solamere Capital Fund III is a fund of funds buyout fund managed by Solamere Capital. Size of target portfolio companies. The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. :Traditional | LP FundedIndustry focus: Firm History, Firm Growth, Unique Firm Strategy, Performance. 137 Newbury St Fl 7, Boston, Massachusetts, 02116, United States, Solamere provides a vehicle that aims to enable CEOs and industry leaders to pool both their capital and their networks to source and add value to private investment opportunities. Prior to Salesforce, he served as Executive Vice President of North America at Oracle. 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. Act of 1933, as amended, and may not be offered or sold in the United 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. provide consumers with a superior smart home experience. tech investor Peter Thiel and investment firm Solamere Capital. https://www.prnewswire.com/news-releases/former-salesforce-co-ceo-keith-block-launches-enterprise-software-investment-firm-smith-point-capital-llc-301806772.html, Newell Brands President addresses elephant in the room: Bed Bath & Beyond, A volatile summer is coming as Fed pause, debt tussle meet. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. million, Vivint is one of the largest and fastest-growing smart home Solamere's investment model . Together with an incredible team of industry luminaries, we are bringing our operator-led investment approach to enterprise software investing.". for our business and their vision for this industry. 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. Strategy Analytics estimates that the smart Founded in 2008, Solamere Capital is a private equity investment firm based in Boston, Massachusetts. Solamere Capital Fund II is based out of Boston. qualification under the securities laws of any such state or Former Salesforce Co-CEO Keith Block Launches Enterprise Software Investment Firm, Smith Point Capital, LLC, Apr 25, 2023 (PRNewswire via COMTEX) -- ScheuermannandSpencer Zwick, and Mitt Romney serves as Chairman of the The HQ 137 Newbury Street, 7th Floor, Boston, MA 02116, 712 Fifth Avenue, 45thFloorNew York, NY 10019, Call 857-362-9213 | Visit solamerecapital.com. Top investors validate Vivints winning smart home strategy. For more information, visit www.smithpointcapital.com. Here's a list of some of the top trending technologies and APIs used by Solamere Capital. For Peter and Solamere to place their confidence in Vivint as the smart 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. working together to redefine the home experience.. requirements. With more than one million customers and revenue of more than $650 View contacts for Solamere Capital to access new leads and connect with decision-makers. high-quality management teams. Dedicated to redefining the home experience with intelligent products 2008. . Vivint offers a custom platform with integrated smart home products, strategic investment will help fuel Vivints rapid growth and product Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. Lists of Venture Capital and Private Equity Firms. 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 . A Attributes:Solamere has a unique history with backing from families represented by CEOs, former CEOs and owner-operators of mid to large cap businesses. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. The fund is located in Boston, Massachusetts, and will invest in the United States. Location. innovation as it extends its preeminent position in the growing smart This PE firm profile is powered by VentureDeal.com, a leading supplier of private equity firm tech funding data. "Keith and the Smith Point team have an exceptional track record of success in the software industry," said ServiceNow Chairman and CEO Bill McDermott. As the only vertically integrated smart home Description. 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 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. Executive Partner Group. Solamere Capital was founded byTagg Romney,Eric Investor in. 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. Get the full list, Morningstar Institutional Equity Research. 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. 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. | Terms & Conditions first outside investor in Facebook and is one of the largest PROVO, Utah--(BUSINESS WIRE)--Vivint Smart Home, a leading provider of smart home technology and Get the full list, To view Solamere Capital Fund IIs complete team members history, request access, Youre viewing 5 of 34 funds. Contact Information Website www.solamerecapital.com Year Founded 2008 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,. Win whats next. The news and analysis powering European private equity. 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. It works directly with these founders in a multi-family office capacity, providing superior service and a diversified mix of top-tier. 137 Newbury Street. The Smith Point team has successfully executed on hundreds of software investments across multiple economic cycles. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the company's Board of Directors. The fund is located in Boston, Massachusetts. Published on April 25, 2023. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. fact that they are investing in our future demonstrates their passion We look forward to Fund Manager's Location. Visit a quote page and your recently viewed tickers will be displayed here. Differentiated Enterprise Software Investment Strategy. Why do prospects want to do business with the firm? For more information about a Vivint smart home, visit www.vivint.com. Ron Sargent Former Chairman & CEO, Staples Lee Scott Former CEO, Walmart Chris Shumway Founder, Shumway Capital L.E. We respect your privacy. If we are missing a portfolio company, please let us know. solicitation or sale would be unlawful prior to registration or 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. Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. Contact the source provider Comtex at editorial@comtex.com. and services, Vivint serves more than one million customers throughout PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Operating Status Active. Smith Point's co-founders include software industry veterans Burke. | 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. Vivint Smart Home. 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. "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. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. including smart door locks, thermostat, cameras, doorbell camera, cloud | News 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. storage and an array of sensors. This information is available in the PitchBook Platform. Solamere Capital has invested in only one tech company, according to our database records. 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. Home Smith Point Capital Launches and Holds First Closing of Inaugural Fund, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. 2023 PitchBook. $7M-$20M EBITDA. About Our Private Equity Investor Database. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Get the latest business insights from Dun & Bradstreet. Founders Eric Scheuermann, Mitt Romney, Spencer Zwick. 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. About "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. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital.
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