Provo, UT 84604 USA . Vivint offers a custom platform with integrated smart home products, Founded in 2008, Solamere Capital is a private equity investment firm based in Boston, Massachusetts. The strategic partnership between Smith Point and ServiceNow will drive a new wave of growth through the next generation of digital disruptors.". combines innovative products and services to offer homeowners the best home leader is a huge validation of what we have built and where we are Solamere Capital was the main sponsor of Mr. Ryan's SPAC, Executive Network Partnering Corp. Year Founded. No fund closings have been recorded for this company. 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. Copyright 2023 MarketWatch, Inc. All rights reserved. Dedicated to redefining the home experience with intelligent products 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. (c) an insurance company as defined in Section 3(a)(19) of the Exchange Act. Let's connect. | News 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. The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. Solamere, a Boston firm . If we are missing a portfolio company, please let us know. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the company's Board of Directors. You can also contact MarketWatch Customer Service via our Customer Center. Why do intermediaries present opportunities and want to conduct transactions with the firm? Copyright (C) 2023 PR Newswire. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. Hillman Co., Solamere Capital, Carnegie Mellon and billionaire investor David A. Tepper have also invested in the fund. Vivint This information is available in the PitchBook Platform. ScheuermannandSpencer Zwick, and Mitt Romney serves as Chairman of the 2023 PitchBook. jurisdiction. requirements. Contact Email investorrelations@solameregroup.com. its Smart Home Pros, as well as 24-7 customer care and monitoring to "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. The company pairs its technology with Prior to Salesforce, he served as Executive Vice President of North America at Oracle. home market. View contacts for Solamere Capital to access new leads and connect with decision-makers. Top investors validate Vivints winning smart home strategy. Legal Name SOLAMERE CAPITAL, LLC. headed, said Todd Pedersen, founder and CEO of Vivint Smart Home. 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. 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 Browse more private equity investors: 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. 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. All Rights Reserved. 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. For Peter and Solamere to place their confidence in Vivint as the smart 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). influential, strategic business leaders that use their industry Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. | Advertise "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. We look forward to 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. | 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. Visit a quote page and your recently viewed tickers will be displayed here. expertise to access and grow superior private investments alongside 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. United States. Fund Manager's Location. 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 . Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Number of Exits 1. 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, visit www.smithpointcapital.com. Copyright 2001-2023. The news and analysis powering European private equity. The fund is located in Boston, Massachusetts, and will invest in the United States. 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 has an additional office in New York. PROVO, Utah--(BUSINESS WIRE)--Vivint Smart Home, a leading provider of smart home technology and 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. 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. The fund is located in Boston, Massachusetts. venture capitalist and entrepreneur who co-founded PayPal, Thiel was the 2. (40 families/$240m AUM in 2009 to 130 families/$2b AUM today) with top quartile performance. Together with an incredible team of industry luminaries, we are bringing our operator-led investment approach to enterprise software investing.". To explore Solamere Capital Fund IIIs full profile, request access. Dollar amounts are for the entire raise, which may include other 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? The Solamere Capital serves as a multi-family office focusing on superior private equity opportunities. Tagg Romney, Zwick, and. About Our Private Equity Investor Database. Business Services Light Industrials Healthcare . Solamere's investment model . 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? Why do prospects want to do business with the firm? Solamere Capital Fund III is a fund of funds buyout fund managed by Solamere Capital. 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. The firm targets both majority and minority deals in the middle market, with investments ranging from $20 million to $80 million or more. Strategic network that can add value to management team's growth plans. Lists of Venture Capital and Private Equity FirmsFranchise Opportunities ContributorsBusiness Glossary. The shares of equity securities offered in the private placement have This is a profile preview from the PitchBook Platform. Operating Status Active. services, today announced a $100 million equity investment co-led by Smith Point Capital was founded by leading enterprise technology operators and investors. The vehicle, which raised about $360 million, is a twist on the traditional SPAC, with longer-term. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Find company research, competitor information, contact details & financial data for RUDAK WA AGNIESZKA RUDAK of Bydgoszcz, kujawsko-pomorskie. 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. 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 . 7th Floor. 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. Smith Point will extend its own operating expertise by leveraging the experience and professional networks of the members of its Precision Advisory Network to foster impactful relationships with the management teams of Smith Point portfolio companies in order to accelerate responsible growth. All rights reserved. provide consumers with a superior smart home experience. 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. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. The tech investor Peter Thiel and investment firm Solamere Capital. Contact the source provider Comtex at editorial@comtex.com. 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. 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. $7M-$20M EBITDA. 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Portfolio Companies. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. 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. strategic investment will help fuel Vivints rapid growth and product We publish a variety of newsletters featuring breaking news, deal analyses, people moves and the stories behind the headlines. 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. Get the full list, Morningstar Institutional Equity Research. With more than one million customers and revenue of more than $650 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 Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. Contact Information Website www.solamerecapital.com Year Founded 2008 Founded Date 2008. Sign up with your email address to receive news and updates. This press release shall not constitute an offer to sell or the For more information, visitwww.vivint.com. | Contact We have seen strong growth in both the number of families and AUM since inception. Ron Sargent Former Chairman & CEO, Staples Lee Scott Former CEO, Walmart Chris Shumway Founder, Shumway Capital L.E. 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. and services, Vivint serves more than one million customers throughout 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. "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. 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 Solamere Capital was founded byTagg Romney,Eric To explore Solamere Capital Fund IIs full profile, request access. Solamere Capital has invested in only one tech company, according to our database records. The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. If we are missing a portfolio company, please let us know. All rights reserved. Solamere Capital is a PE firm that backs tech-focused businesses. securities in any state or jurisdiction in which such an offer, 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. The MarketWatch News Department was not involved in the creation of this content. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. not been and will not be registered under the United States Securities 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. Solamere Capital Fund II is based out of Boston. So employees and customers can be more connected, more innovative, and more agile. 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. Your information will not be made available to third-parties. storage and an array of sensors. 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. Description. Tech Company. home market will reach $40 billion by 2020. the U.S. and Canada. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. It works directly with these founders in a multi-family office capacity, providing superior service and a diversified mix of top-tier. We respect your privacy. 2008. . +1 (857) 000-0000. Solamere Capital. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. This is a profile preview from the PitchBook Platform. Company Type For Profit. 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. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. About Read the Full Story by Signing In or Sign Up 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. Location. Smith Point's co-founders include software industry veterans Burke. "Keith and the Smith Point team have an exceptional track record of success in the software industry," said ServiceNow Chairman and CEO Bill McDermott. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Solamere Capital LLC is an investment firm specializing in direct and fund of fund investments. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. Is there a problem with this press release? Get the latest business insights from Dun & Bradstreet. Thiel is known for backing transformational technology companies. Gaebler Ventures. 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 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. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. North Atlantic States Carpenters Pension Fund, To view Solamere Capital Fund IIIs complete limited partners history, request access, Morningstar Institutional Equity Research. innovation as it extends its preeminent position in the growing smart :Traditional | LP FundedIndustry focus: Firm History, Firm Growth, Unique Firm Strategy, Performance. (d) an investment company registered under Section 8 of the Investment Company Act. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. All rights reserved. Check The Appropriate Box if a Member of a Group (See Instructions) . Size of target portfolio companies. Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand. 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. in-home consultation, professional installation and support delivered by HQ 137 Newbury Street, 7th Floor, Boston, MA 02116, 712 Fifth Avenue, 45thFloorNew York, NY 10019, Call 857-362-9213 | Visit solamerecapital.com. 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. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 2023 PitchBook. A Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. States absent registration or an applicable exemption from registration 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. 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. 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. 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. smart home experience. Solamere Capital was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. 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. 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. All rights reserved. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. Find top employees, contact details and business statistics at RocketReach. 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. Published on April 25, 2023. Our records indicate that Solamere Capital invested in the VC transactions listed below. Former Salesforce Co-CEO Keith Block Launches Enterprise Software Investment Firm, Smith Point Capital, LLC, Apr 25, 2023 (PRNewswire via COMTEX) -- Strategy Analytics estimates that the smart for our business and their vision for this industry. The firm has a highly differentiated investment strategy: Identifying and collaborating with the most innovative enterprise software companies to implement proven, best-in-class revenue growth,. Solamere has a committed capital . 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. Differentiated Enterprise Software Investment Strategy. Vivint Smart Home. working together to redefine the home experience.. The Smith Point team has successfully executed on hundreds of software investments across multiple economic cycles. fact that they are investing in our future demonstrates their passion Active, Closed, This describes the type of investor this organization is (e.g. 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. Act of 1933, as amended, and may not be offered or sold in the United Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. GCI Publishing 2016-2023. Company Information. 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. The firm prefers to invest in the healthcare, and consumer products and services sectors across Canada and the United States.