| Contact Act of 1933, as amended, and may not be offered or sold in the United in-home consultation, professional installation and support delivered by 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. 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. Attributes:Solamere has a unique history with backing from families represented by CEOs, former CEOs and owner-operators of mid to large cap businesses. tech investor Peter Thiel and investment firm Solamere Capital. Why do intermediaries present opportunities and want to conduct transactions with the firm? Solamere Capital. Lists of Venture Capital and Private Equity Firms. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Legal Name SOLAMERE CAPITAL, LLC. | News To explore Solamere Capital Fund IIs full profile, request access. Solamere Capital has invested in only one tech company, according to our database records. Smith Point will extend its own operating expertise by leveraging the experience and professional networks of the members of its Precision Advisory Network to foster impactful relationships with the management teams of Smith Point portfolio companies in order to accelerate responsible growth. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. Vivint Smart Home. 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. Boston, MA 02116. Let's connect. Find top employees, contact details and business statistics at RocketReach. 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. Business Services Light Industrials Healthcare . 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? All rights reserved. Win whats next. A PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Smith Point's co-founders include software industry veterans Burke. venture capitalist and entrepreneur who co-founded PayPal, Thiel was the For more information, visit www.smithpointcapital.com. Active, Closed, This describes the type of investor this organization is (e.g. 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, 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. Founded Date 2008. including the Amazon Echo and the Nest Learning Thermostat. We publish a variety of newsletters featuring breaking news, deal analyses, people moves and the stories behind the headlines. its Smart Home Pros, as well as 24-7 customer care and monitoring. :Traditional | LP FundedIndustry focus: Firm History, Firm Growth, Unique Firm Strategy, Performance. The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. This is a profile preview from the PitchBook Platform. 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. Smith Point will extend its own operating expertise by leveraging the experience and professional networks of the members of its Precision Advisory Network to foster impactful relationships with the management teams of Smith Point portfolio companies in order to accelerate responsible growth. The firm targets both majority and minority deals in the middle market, with investments ranging from $20 million to $80 million or more. Contact Email [email protected]. 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 Solamere Capital was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. Lists of Venture Capital and Private Equity FirmsFranchise Opportunities ContributorsBusiness Glossary. 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. Visit a quote page and your recently viewed tickers will be displayed here. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Find company research, competitor information, contact details & financial data for Solamere Capital, LLC of Boston, MA. Sign up with your email address to receive news and updates. 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. Each CAPS. No fund closings have been recorded for this company. jurisdiction. Solamere Capital has invested in only one tech company, according to our database records. The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. 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. Thiel is known for backing transformational technology 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 market. 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 fund is located in Boston, Massachusetts, and will invest in the United States. (40 families/$240m AUM in 2009 to 130 families/$2b AUM today) with top quartile performance. Phone Number +1 857 362 9205. The firm has an additional office in New York. 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. 7th Floor. Location. | Terms & Conditions Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. The company pairs its technology with Copyright (C) 2023 PR Newswire. As the only vertically integrated smart home influential, strategic business leaders that use their industry Tech Company. storage and an array of sensors. 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. 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. 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. So employees and customers can be more connected, more innovative, and more agile. For more information, visitwww.vivint.com. | Disclaimer Prior to Salesforce, he served as Executive Vice President of North America at Oracle. solicitation of an offer to buy, nor shall there be any sale of these Investment sectors. If we are missing a portfolio company, please let us know. 2023 PitchBook. 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. strategic investment will help fuel Vivints rapid growth and product 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. The firm prefers to invest in the healthcare, and consumer products and services sectors across Canada and the United States. Tagg Romney, Zwick, 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. smart home experience. The shares of equity securities offered in the private placement have Win whats next. The Daily Deal Newsletter, Smith Point Capital Launches and Holds First Closing of Inaugural Fund. The news and analysis powering European private equity. headed, said Todd Pedersen, founder and CEO of Vivint Smart Home. Home Smith Point Capital Launches and Holds First Closing of Inaugural Fund, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. Solamere Capital serves as a multi-family office focusing on superior private equity opportunities. Solamere Capital Fund II is based out of Boston. Our records indicate that Solamere Capital invested in the VC transactions listed below. Solamere's investment model . home leader is a huge validation of what we have built and where we are Size of target portfolio companies. high-quality management teams. 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. About Solamere has a committed capital . Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. To explore Solamere Capital Fund IIIs full profile, request access. first outside investor in Facebook and is one of the largest 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 a fund of funds buyout fund managed by Solamere Capital. 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 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,. In 2008, Solamere set out to raise $200 million, and by May 2009 it had attracted $186 million from 39 investors, according to Securities and Exchange Commission records. Contact Information Website www.solamerecapital.com Year Founded 2008 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. +1 (857) 000-0000. 2. $7M-$20M EBITDA. This information is available in the PitchBook Platform. Copyright 2001-2023. The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. 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. United States. Business Services, Consumer Growth, Industrial Growth. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. its Smart Home Pros, as well as 24-7 customer care and monitoring to 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. 2023 PitchBook. 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. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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. Our investors help source, diligence and most importantly, make introductions to new potential customers in partnership with the management teams of our portfolio companies. The All Rights Reserved. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. 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. | Advertise combines innovative products and services to offer homeowners the best Top investors validate Vivints winning smart home strategy. 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. Get the latest business insights from Dun & Bradstreet. 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. (c) an insurance company as defined in Section 3(a)(19) of the Exchange Act. Strategic network that can add value to management team's growth plans. fact that they are investing in our future demonstrates their passion Here's a list of some of the top trending technologies and APIs used by Solamere 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. 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 Operating Status Active. North Atlantic States Carpenters Pension Fund, To view Solamere Capital Fund IIIs complete limited partners history, request access, Morningstar Institutional Equity Research. Solamere Capital Fund II GP, LP. Investor in. All rights reserved. Three of the firms listed in the Solamere prospectusSun Capital Partners, TPG Capital and TA Associatesare currently financing a lobbying campaign under a trade group called the Private. Solamere'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. 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). company, Vivint delivers its integrated platform and products with Founded in 2008, Solamere Capital is a private equity investment firm based in Boston, Massachusetts. home market will reach $40 billion by 2020. Description. solicitation or sale would be unlawful prior to registration or Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand. provide consumers with a superior smart home experience. They like partnering with us given our strategic LP base and flexible approach. Investor Type Fund Of Funds. 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. With more than one million customers and revenue of more than $650 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.
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