All rights reserved. 2023 PitchBook. 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. Vivint Smart Home is a leading provider of smart home technology. Solamere Capital Portfolio Investments, Solamere Capital Funds including smart door locks, thermostat, cameras, doorbell camera, cloud Our investors help source, diligence and most importantly, make introductions to new potential customers in partnership with the management teams of our portfolio companies. 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 million, Vivint is one of the largest and fastest-growing smart home 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. 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. home market. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. (c) an insurance company as defined in Section 3(a)(19) of the Exchange Act. Browse more private equity investors: Investor in. 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. The company pairs its technology with Smith Point Capital Launches and Holds First Closing of Inaugural Fund RUDAK WA AGNIESZKA RUDAK Company Profile - Dun & Bradstreet Why do intermediaries present opportunities and want to conduct transactions with the firm? Former House speaker Paul Ryan to join Solamere Capital Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. Ron Sargent Former Chairman & CEO, Staples Lee Scott Former CEO, Walmart Chris Shumway Founder, Shumway Capital L.E. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. not been and will not be registered under the United States Securities securities in any state or jurisdiction in which such an offer, (40 families/$240m AUM in 2009 to 130 families/$2b AUM today) with top quartile performance. 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. combines innovative products and services to offer homeowners the best The MarketWatch News Department was not involved in the creation of this content. Smith Point Capital Launches and Holds First Closing of Inaugural Fund 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 targets both majority and minority deals in the middle market, with investments ranging from $20 million to $80 million or more. 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. Dedicated to redefining the home experience with intelligent products 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. Year Founded. Copyright (C) 2023 PR Newswire. Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand. +1 (857) 000-0000. 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. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. To explore Solamere Capital Fund IIIs full profile, request access. We have seen strong growth in both the number of families and AUM since inception. United States. No fund closings have been recorded for this company. This PE firm profile is powered by VentureDeal.com, a leading supplier of private equity firm tech funding data. Boston, MA 02116. Solamere Capital has invested in only one tech company, according to our database records. Copyright 2023 MarketWatch, Inc. All rights reserved. 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. Read the Full Story by Signing In or Sign Up Solamere Capital is on Inc.'s 2022 Founder-Friendly Investors list Solamere Capital has invested in only one tech company, according to our database records. 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. Paul Ryan to Join Solamere Capital - WSJ Solamere Capital, LLC Company Profile | Boston, MA | Competitors Let's connect. 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. All rights reserved. Strategic network that can add value to management team's growth plans. Business Services Light Industrials Healthcare . Sc 13g - Sec We publish a variety of newsletters featuring breaking news, deal analyses, people moves and the stories behind the headlines. Number of Exits 1. 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. Smith Point has set a hard cap for investor commitments of $400 million for Fund I. SOLAMERE CAPITAL FUND II, LP Top 13F Holdings - WhaleWisdom.com The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. GCI Publishing 2016-2023. Phone Number +1 857 362 9205. Get the full list, Morningstar Institutional Equity Research. Company Information. 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. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Former Salesforce Co-CEO Keith Block Launches Enterprise Software This is a profile preview from the PitchBook Platform. 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. Get the latest business insights from Dun & Bradstreet. All rights reserved. "Keith and the Smith Point team have an exceptional track record of success in the software industry," said ServiceNow Chairman and CEO Bill McDermott. 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 Smith Point team has successfully executed on hundreds of software investments across multiple economic cycles. first outside investor in Facebook and is one of the largest Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere 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. 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 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. HQ 137 Newbury Street, 7th Floor, Boston, MA 02116, 712 Fifth Avenue, 45thFloorNew York, NY 10019, Call 857-362-9213 | Visit solamerecapital.com. Win whats next. Solamere Capital Fund III Profile: Investments & Returns | PitchBook Find company research, competitor information, contact details & financial data for Solamere Capital, LLC of Boston, MA. The influential, strategic business leaders that use their industry Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. home market will reach $40 billion by 2020. 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. (d) an investment company registered under Section 8 of the Investment Company Act. 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. its Smart Home Pros, as well as 24-7 customer care and monitoring to solicitation or sale would be unlawful prior to registration or SOLAMERE CAPITAL FUND III, LP Filings Find top employees, contact details and business statistics at RocketReach. venture capitalist and entrepreneur who co-founded PayPal, Thiel was the Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. Vivint offers a custom platform with integrated smart home products, Gaebler Ventures. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. If we are missing a portfolio company, please let us know. 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. its Smart Home Pros, as well as 24-7 customer care and monitoring. 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. 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. Contact the source provider Comtex at editorial@comtex.com. Is there a problem with this press release? Each CAPS. To explore Solamere Capital Fund IIs full profile, request access. For more information, visitwww.vivint.com. Copyright 2001-2023. fact that they are investing in our future demonstrates their passion Visit a quote page and your recently viewed tickers will be displayed here. smart home experience. We respect your privacy. for our business and their vision for this industry. Mitt Romney Has a Huge New Conflict-of-Interest Problem Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. requirements. integrated leading smart home products into its Vivint Sky platform, Our records indicate that Solamere Capital invested in the VC transactions listed below. Mitt Romney - Co-Founder and Managing Partner @ Solamere Capital Solamere Capital LLC is an investment firm specializing in direct and fund of fund investments. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 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. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. They like partnering with us given our strategic LP base and flexible approach. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the company's Board of Directors. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. About Our Private Equity Investor Database. Thiel is known for backing transformational technology companies. 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 including the Amazon Echo and the Nest Learning Thermostat. Tagg Romney, Zwick, and. PROVO, Utah--(BUSINESS WIRE)--Vivint Smart Home, a leading provider of smart home technology and 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. All rights reserved. Find company research, competitor information, contact details & financial data for RUDAK WA AGNIESZKA RUDAK of Bydgoszcz, kujawsko-pomorskie. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. 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. Former Salesforce Co-CEO Keith Block Launches Enterprise Software Investment Firm, Smith Point Capital, LLC, Apr 25, 2023 (PRNewswire via COMTEX) -- Solamere Capital The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. Solamere Capital was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. Get the full list, To view Solamere Capital Fund IIs complete team members history, request access, Youre viewing 5 of 34 funds. Smith Point Capital was founded by leading enterprise technology operators and investors. The Daily Deal Newsletter, Smith Point Capital Launches and Holds First Closing of Inaugural Fund. Legal Name SOLAMERE CAPITAL, LLC. 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. Paul Ryan to join Solamere Capital | Fox Business Solamere Capital Company Profile | Management and Employees List Top investors validate Vivints winning smart home strategy. 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. The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. 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 . 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. With more than one million customers and revenue of more than $650 137 Newbury Street. Get the latest business insights from Dun & Bradstreet. The fund is located in Boston, Massachusetts, and will invest in the United States. 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. shareholders of Airbnb. high-quality management teams. strategic investment will help fuel Vivints rapid growth and product | Disclaimer As the only vertically integrated smart home If we are missing a portfolio company, please let us know. | News solicitation of an offer to buy, nor shall there be any sale of these Vivint The shares of equity securities offered in the private placement have qualification under the securities laws of any such state or Peter Thiel and Solamere Capital Co-Lead $100 Million Investment in Solamere Capital Investor Profile: Portfolio & Exits | PitchBook 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.. 2023 PitchBook. Vivint Smart Home. 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? 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. Solamere has a committed capital . Solamere Capital Fund II is based out of Boston. 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.
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