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. We publish a variety of newsletters featuring breaking news, deal analyses, people moves and the stories behind the headlines. Solamere Capital has invested in only one tech company, according to our database records. 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. 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? Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. Former Salesforce Co-CEO Keith Block Launches Enterprise Software Vivint offers a custom platform with integrated smart home products, Provo, UT 84604 USA . 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. Solamere has a committed capital . 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. innovation as it extends its preeminent position in the growing smart Founders Eric Scheuermann, Mitt Romney, Spencer Zwick. Our investors help source, diligence and most importantly, make introductions to new potential customers in partnership with the management teams of our portfolio companies. 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. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. Is there a problem with this press release? To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. Prior to Salesforce, he served as Executive Vice President of North America at Oracle. Company Information. Browse more private equity investors: solicitation of an offer to buy, nor shall there be any sale of these Executive Partner Group. 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. 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 Win whats next. Mitt Romney - Co-Founder and Managing Partner @ Solamere Capital Solamere Capital Fund III Profile: Investments & Returns | PitchBook Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. 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. home leader is a huge validation of what we have built and where we are Tagg Team: The Romney Family Recipe for Crony Capitalism The fund is located in Boston, Massachusetts, and will invest in the United States. Act of 1933, as amended, and may not be offered or sold in the United This PE firm profile is powered by VentureDeal.com, a leading supplier of private equity firm tech funding data. 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. first outside investor in Facebook and is one of the largest To explore Solamere Capital Fund IIIs full profile, request access. 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. The shares of equity securities offered in the private placement have (40 families/$240m AUM in 2009 to 130 families/$2b AUM today) with top quartile performance. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Sign up with your email address to receive news and updates. 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. its Smart Home Pros, as well as 24-7 customer care and monitoring. Solamere Capital is a PE firm that backs tech-focused businesses. We look forward to high-quality management teams. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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 MarketWatch News Department was not involved in the creation of this content. 2023 PitchBook. 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. Solamere Capital Portfolio Investments, Solamere Capital Funds About The firm targets both majority and minority deals in the middle market, with investments ranging from $20 million to $80 million or more. Investor in. Check The Appropriate Box if a Member of a Group (See Instructions) . Your information will not be made available to third-parties. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. The fund is located in Boston, Massachusetts, and will invest in the United States. Solamere Capital, LLC Company Profile | Boston, MA | Competitors Solamere Capital Fund III is a fund of funds buyout fund managed by Solamere Capital. Solamere Capital GCI Publishing Copyright 2023 MarketWatch, Inc. All rights reserved. Together with an incredible team of industry luminaries, we are bringing our operator-led investment approach to enterprise software investing.". 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. 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 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. integrated leading smart home products into its Vivint Sky platform, A critical element of the firms strategy includes the Smith Point Precision Advisory Network, which is comprised of senior executives currently operating at many of the most innovative software companies in the world. 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. Solamere Capital was founded byTagg Romney,Eric 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. requirements. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. working together to redefine the home experience.. 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 Former election official: Tagg Romney's stake in voting machine firm States absent registration or an applicable exemption from registration 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. 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, a Boston firm . 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. The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. in-home consultation, professional installation and support delivered by Location. Copyright 2001-2023. Solamere Capital was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. Solamere Capital Company Profile | Management and Employees List Former Salesforce Co-CEO Keith Block Launches Venture Capital Firm - MSN For more information, visit:www.solameregroup.com. We respect your privacy. Paul Ryan to join Solamere Capital | Fox Business We have seen strong growth in both the number of families and AUM since inception. Sc 13g - Sec the U.S. and Canada. 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. View contacts for Solamere Capital to access new leads and connect with decision-makers. Business Services, Consumer Growth, Industrial Growth. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. Number of Exits 1. Contact Email investorrelations@solameregroup.com. No fund closings have been recorded for this company. Here's a list of some of the top trending technologies and APIs used by Solamere Capital. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. 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. 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. Mitt Romney Has a Huge New Conflict-of-Interest Problem 7th Floor. including smart door locks, thermostat, cameras, doorbell camera, cloud Why do intermediaries present opportunities and want to conduct transactions with the firm? 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 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,. Get the full list, To view Solamere Capital Fund IIs complete team members history, request access, Youre viewing 5 of 34 funds. This is a profile preview from the PitchBook Platform. Hillman Co., Solamere Capital, Carnegie Mellon and billionaire investor David A. Tepper have also invested in the fund. Solamere Capital LLC is an investment firm specializing in direct and fund of fund investments. Visit a quote page and your recently viewed tickers will be displayed here. Thiel is known for backing transformational technology companies. Get the latest business insights from Dun & Bradstreet. Solamere Capital Investor Profile: Portfolio & Exits | PitchBook 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. Lists of Venture Capital and Private Equity Firms. RUDAK WA AGNIESZKA RUDAK Company Profile - Dun & Bradstreet The news and analysis powering European private equity. companies in North America. This press release shall not constitute an offer to sell or the securities in any state or jurisdiction in which such an offer, You can also contact MarketWatch Customer Service via our Customer Center. 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. its Smart Home Pros, as well as 24-7 customer care and monitoring to If we are missing a portfolio company, please let us know. Smith Point Capital Launches and Holds First Closing of Inaugural Fund Solamere Capital LLC: Contact Details and Business Profile - RocketReach home market. Vivint Smart Home is a leading provider of smart home technology. :Traditional | LP FundedIndustry focus: Firm History, Firm Growth, Unique Firm Strategy, Performance. for our business and their vision for this industry. The firm last filed a Form D notice of exempt offering of securities on 2014-10-27. (c) an insurance company as defined in Section 3(a)(19) of the Exchange Act. Solamere Capital is on Inc.'s 2022 Founder-Friendly Investors list The vehicle, which raised about $360 million, is a twist on the traditional SPAC, with longer-term. Peter Thiel and Solamere Capital Co-Lead $100 Million Investment in Fund Manager's Location. SOLAMERE CAPITAL FUND II, LP Top 13F Holdings - WhaleWisdom.com Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the company's Board of Directors. Published on April 25, 2023. With more than one million customers and revenue of more than $650 Get the full list, Morningstar Institutional Equity Research. For Peter and Solamere to place their confidence in Vivint as the smart The strategic partnership between Smith Point and ServiceNow will drive a new wave of growth through the next generation of digital disruptors.". venture capitalist and entrepreneur who co-founded PayPal, Thiel was the expertise to access and grow superior private investments alongside shareholders of Airbnb. 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. 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. Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand. HQ 137 Newbury Street, 7th Floor, Boston, MA 02116, 712 Fifth Avenue, 45thFloorNew York, NY 10019, Call 857-362-9213 | Visit solamerecapital.com. Solamere Capital Fund II is based out of Boston. 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). This information is available in the PitchBook Platform. 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. The Home Smith Point Capital Launches and Holds First Closing of Inaugural Fund, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. In addition to its rapidly expanding product suite, Vivint has Paul Ryan's SPAC Executive Network Partnering Corp. files for - Nasdaq 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. 2023 PitchBook. Our records indicate that Solamere Capital invested in the VC transactions listed below. 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. not been and will not be registered under the United States Securities Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. Founded Date 2008. Find company research, competitor information, contact details & financial data for Solamere Capital, LLC of Boston, MA. and services, Vivint serves more than one million customers throughout million, Vivint is one of the largest and fastest-growing smart home Legal Name SOLAMERE CAPITAL, LLC. PROVO, Utah--(BUSINESS WIRE)--Vivint Smart Home, a leading provider of smart home technology and The fund is located in Boston, Massachusetts. ScheuermannandSpencer Zwick, and Mitt Romney serves as Chairman of the "Keith and the Smith Point team have an exceptional track record of success in the software industry," said ServiceNow Chairman and CEO Bill McDermott. North Atlantic States Carpenters Pension Fund, To view Solamere Capital Fund IIIs complete limited partners history, request access, Morningstar Institutional Equity Research. Active, Closed, This describes the type of investor this organization is (e.g. GCI Publishing 2016-2023. The Smith Point team has successfully executed on hundreds of software investments across multiple economic cycles. Read the Full Story by Signing In or Sign Up All rights reserved. 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. | Terms & Conditions company, Vivint delivers its integrated platform and products with About Our Private Equity Investor Database. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. Ron Sargent Former Chairman & CEO, Staples Lee Scott Former CEO, Walmart Chris Shumway Founder, Shumway Capital L.E. strategic investment will help fuel Vivints rapid growth and product 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. Vivint Ou r Network. 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. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. headed, said Todd Pedersen, founder and CEO of Vivint Smart Home. Tech Company. Phone Number +1 857 362 9205. The Daily Deal Newsletter, Smith Point Capital Launches and Holds First Closing of Inaugural Fund. Solamere Capital, LLC | LinkedIn in-home consultation, professional installation and support delivered by Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. 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. Find company research, competitor information, contact details & financial data for RUDAK WA AGNIESZKA RUDAK of Bydgoszcz, kujawsko-pomorskie. Portfolio Companies. 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. Contact Information Website www.solamerecapital.com Year Founded 2008 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 III, LP - Who is raising money? Each CAPS. To explore Solamere Capital Fund IIs full profile, request access. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. 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 2. All rights reserved. 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. 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. Year Founded. provide consumers with a superior smart home experience. Operating Status Active. 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. Description. A PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Get the latest business insights from Dun & Bradstreet. Contact the source provider Comtex at editorial@comtex.com. Solamere's investment model . 137 Newbury Street. Solamere Capital has invested in only one tech company, according to our database records. Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. 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. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 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. $7M-$20M EBITDA. 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. Paul Ryan to Join Solamere Capital - WSJ Lists of Venture Capital and Private Equity FirmsFranchise Opportunities ContributorsBusiness Glossary. As the only vertically integrated smart home This is a profile preview from the PitchBook Platform. combines innovative products and services to offer homeowners the best 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. Strategic network that can add value to management team's growth plans. Solamere Capital was the main sponsor of Mr. Ryan's SPAC, Executive Network Partnering Corp.
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