solamere capital portfolio companies

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. 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. 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. Get the latest business insights from Dun & Bradstreet. So employees and customers can be more connected, more innovative, and more agile. Investment sectors. 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. The 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. Dollar amounts are for the entire raise, which may include other investors. Published on April 25, 2023. Solamere Capital. 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. its Smart Home Pros, as well as 24-7 customer care and monitoring. Size of target portfolio companies. Investor in. The fund is located in Boston, Massachusetts. not been and will not be registered under the United States Securities Provo, UT 84604 USA . The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. services, today announced a $100 million equity investment co-led by San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 2023 PitchBook. In addition to its rapidly expanding product suite, Vivint has Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. Solamere Capital has invested in only one tech company, according to our database records. solicitation of an offer to buy, nor shall there be any sale of these "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. the U.S. and Canada. 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. 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 . View contacts for Solamere Capital to access new leads and connect with decision-makers. A Lists of Venture Capital and Private Equity FirmsFranchise Opportunities ContributorsBusiness Glossary. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. Copyright 2023 MarketWatch, Inc. All rights reserved. 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. companies in North America. 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. 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 news and analysis powering European private equity. 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. Ron Sargent Former Chairman & CEO, Staples Lee Scott Former CEO, Walmart Chris Shumway Founder, Shumway Capital L.E. 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. We publish a variety of newsletters featuring breaking news, deal analyses, people moves and the stories behind the headlines. This information is available in the PitchBook Platform. Boston, MA 02116. To explore Solamere Capital Fund IIs full profile, request access. 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. 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. requirements. The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. Company Type For Profit. company, Vivint delivers its integrated platform and products with Business Services, Consumer Growth, Industrial Growth. 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 "Keith and the Smith Point team have an exceptional track record of success in the software industry," said ServiceNow Chairman and CEO Bill McDermott. Together with an incredible team of industry luminaries, we are bringing our operator-led investment approach to enterprise software investing.". Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. high-quality management teams. The firm has an additional office in New York. 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. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow 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. Phone Number +1 857 362 9205. 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's investment model . 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. About in-home consultation, professional installation and support delivered by Vivint Smart Home. Copyright 2001-2023. As the only vertically integrated smart home We respect your privacy. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. Description. 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. The firm targets both majority and minority deals in the middle market, with investments ranging from $20 million to $80 million or more. All rights reserved. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 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. 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. Win whats next. For more information, visitwww.vivint.com. 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. They like partnering with us given our strategic LP base and flexible approach. 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. The company pairs its technology with All Rights Reserved. About Our Private Equity Investor Database. 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. Location. Number of Exits 1. (c) an insurance company as defined in Section 3(a)(19) of the Exchange Act. HQ 137 Newbury Street, 7th Floor, Boston, MA 02116, 712 Fifth Avenue, 45thFloorNew York, NY 10019, Call 857-362-9213 | Visit solamerecapital.com. United States. Lists of Venture Capital and Private Equity Firms. 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. strategic investment will help fuel Vivints rapid growth and product PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. shareholders of Airbnb. 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. smart home experience. No fund closings have been recorded for this company. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. 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. For more information, visit:www.solameregroup.com. 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. PROVO, Utah--(BUSINESS WIRE)--Vivint Smart Home, a leading provider of smart home technology and Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. Is there a problem with this press release? Browse more private equity investors: The This is a profile preview from the PitchBook Platform. including the Amazon Echo and the Nest Learning Thermostat. Get the full list, To view Solamere Capital Fund IIs complete team members history, request access, Youre viewing 5 of 34 funds. This PE firm profile is powered by VentureDeal.com, a leading supplier of private equity firm tech funding data. We look forward to 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. 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? home market will reach $40 billion by 2020. 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. headed, said Todd Pedersen, founder and CEO of 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. To explore Solamere Capital Fund IIIs full profile, request access. Find company research, competitor information, contact details & financial data for Solamere Capital, LLC of Boston, MA. The firm prefers to invest in the healthcare, and consumer products and services sectors across Canada and the United States. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. 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 was the main sponsor of Mr. Ryan's SPAC, Executive Network Partnering Corp. This press release shall not constitute an offer to sell or the 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 . To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. +1 (857) 000-0000. 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 offers a custom platform with integrated smart home products, | Terms & Conditions We have seen strong growth in both the number of families and AUM since inception. 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. Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. North Atlantic States Carpenters Pension Fund, To view Solamere Capital Fund IIIs complete limited partners history, request access, Morningstar Institutional Equity Research. 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. The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. With more than one million customers and revenue of more than $650 The Smith Point team has successfully executed on hundreds of software investments across multiple economic cycles. Solamere Capital has invested in only one tech company, according to our database records. fact that they are investing in our future demonstrates their passion GCI Publishing 2016-2023. 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 last filed a Form D notice of exempt offering of securities on 2014-10-27. If we are missing a portfolio company, please let us know. States absent registration or an applicable exemption from registration (40 families/$240m AUM in 2009 to 130 families/$2b AUM today) with top quartile performance. 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. Home Smith Point Capital Launches and Holds First Closing of Inaugural Fund, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. million, Vivint is one of the largest and fastest-growing smart home The MarketWatch News Department was not involved in the creation of this content. Solamere Capital is a PE firm that backs tech-focused businesses. Former Salesforce Co-CEO Keith Block Launches Enterprise Software Investment Firm, Smith Point Capital, LLC, Apr 25, 2023 (PRNewswire via COMTEX) -- | Advertise 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. 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. Smith Point Capital was founded by leading enterprise technology operators and investors. The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. Thiel is known for backing transformational technology companies. Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. 7th Floor. 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. "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. home leader is a huge validation of what we have built and where we are All rights reserved. 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). jurisdiction. Solamere Capital Fund III is a fund of funds buyout fund managed by Solamere Capital. Founders Eric Scheuermann, Mitt Romney, Spencer Zwick. Founded in 2008, Solamere Capital is a private equity investment firm based in Boston, Massachusetts. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. solicitation or sale would be unlawful prior to registration or Vivint Smart Home is a leading provider of smart home technology. Smith Point has set a hard cap for investor commitments of $400 million for Fund I. 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. This is a profile preview from the PitchBook Platform. and services, Vivint serves more than one million customers throughout for our business and their vision for this industry. Smith Point's co-founders include software industry veterans Burke. The Daily Deal Newsletter, Smith Point Capital Launches and Holds First Closing of Inaugural Fund. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. venture capitalist and entrepreneur who co-founded PayPal, Thiel was the It works directly with these founders in a multi-family office capacity, providing superior service and a diversified mix of top-tier. home market. including smart door locks, thermostat, cameras, doorbell camera, cloud Solamere consists of a collection of Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the company's Board of Directors. 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. influential, strategic business leaders that use their 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. Attributes:Solamere has a unique history with backing from families represented by CEOs, former CEOs and owner-operators of mid to large cap businesses. 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. expertise to access and grow superior private investments alongside The fund is located in Boston, Massachusetts, and will invest in the United States. Read the Full Story by Signing In or Sign Up Operating Status Active. 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. Active, Closed, This describes the type of investor this organization is (e.g. 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. This information is available in the PitchBook Platform. Each CAPS. Executive Partner Group. Solamere Capital serves as a multi-family office focusing on superior private equity opportunities. Tagg Romney, Zwick, and. 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. ScheuermannandSpencer Zwick, and Mitt Romney serves as Chairman of the Vivint 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. in-home consultation, professional installation and support delivered by Copyright (C) 2023 PR Newswire. | 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. first outside investor in Facebook and is one of the largest working together to redefine the home experience.. integrated leading smart home products into its Vivint Sky platform, Contact Email investorrelations@solameregroup.com. tech investor Peter Thiel and investment firm Solamere Capital. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. 2. 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.
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