For more information about a Vivint smart home, visit www.vivint.com. The fund is located in Boston, Massachusetts, and will invest in the United States. And H.I.G., in turn, is one of the largest partners, with nearly $10 billion of equity capital, of Solamere Capital, the investment fund founded and run by Tagg Romney (pictured), Mitt's. | Solamere Capital Fund III Profile: Investments & Returns | PitchBook Is there a problem with this press release? Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. its Smart Home Pros, as well as 24-7 customer care and monitoring. This is a profile preview from the PitchBook Platform. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. 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 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. Former House speaker Paul Ryan to join Solamere Capital 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. "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. Solamere Capital was the main sponsor of Mr. Ryan's SPAC, Executive Network Partnering Corp. Why do prospects want to do business with the firm? Dollar amounts are for the entire raise, which may include other investors. About Location. high-quality management teams. solicitation of an offer to buy, nor shall there be any sale of these Differentiated Enterprise Software Investment Strategy. Founders Eric Scheuermann, Mitt Romney, Spencer Zwick. Solamere Capital was founded byTagg Romney,Eric in-home consultation, professional installation and support delivered by 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. 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. The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. Solamere Capital, LLC | LinkedIn 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. Description. | Disclaimer 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 - Private Equity Firm Profile - Gaebler.com Venture Let's connect. You can also contact MarketWatch Customer Service via our Customer Center. The firm has an additional office in New York. Portfolio Companies. Vivint Public RelationsLiz Tanner, [email protected], Peter Thiel and Solamere Capital Co-Lead $100 Million Investment in Vivint Smart Home, Internet Explorer presents a security risk. With more than one million customers and revenue of more than $650 Copyright 2001-2023. The 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 strategic partnership between Smith Point and ServiceNow will drive a new wave of growth through the next generation of digital disruptors.". For more information, visitwww.vivint.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. Sc 13g - Sec Company Type For Profit. | Advertise Get the full list, To view Solamere Capital Fund IIs complete team members history, request access, Youre viewing 5 of 34 funds. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Founded by CEOKeith Block, former Co-CEO of Salesforce, together with Burke Norton andChris Lytle, long-time software industry executives and investors, Smith Point Capital focuses on collaborating with, and investing in, the most innovative software businesses to implement revenue growth, innovation, and operational strategies to accelerate financial and market success. Solamere Capital Fund II is based out of Boston. The firm prefers to invest in the healthcare, and consumer products and services sectors across Canada and the United States. Paul Ryan to Join Solamere Capital - WSJ | News Your information will not be made available to third-parties. All rights reserved. Win whats next. SOLAMERE CAPITAL FUND III, LP - Who is raising money? 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 . Fund Manager's Location. 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. 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. 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 We publish a variety of newsletters featuring breaking news, deal analyses, people moves and the stories behind the headlines. (d) an investment company registered under Section 8 of the Investment Company Act. 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. 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? 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. "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. Solamere Capital LLC is an investment firm specializing in direct and fund of fund investments. Contact the source provider Comtex at [email protected]. Tagg Team: The Romney Family Recipe for Crony Capitalism influential, strategic business leaders that use their industry 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. 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. Copyright (C) 2023 PR Newswire. 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. 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. SOLAMERE CAPITAL FUND II, LP Top 13F Holdings - WhaleWisdom.com Paul Ryan to join Solamere Capital | Fox Business 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. Solamere Capital is on Inc.'s 2022 Founder-Friendly Investors list tech investor Peter Thiel and investment firm Solamere Capital. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Solamere Capital - Crunchbase Investor Profile & Investments 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. first outside investor in Facebook and is one of the largest If we are missing a portfolio company, please let us know. Solamere's strategic network of investors provides the ability to invest patiently for the long-term, to be creative in structuring either minority or majority transactions, and to leverage the Solamere Network of investors and executives as we seek to create meaningful value for our portfolio companies. Find top employees, contact details and business statistics at RocketReach. HQ 137 Newbury Street, 7th Floor, Boston, MA 02116, 712 Fifth Avenue, 45thFloorNew York, NY 10019, Call 857-362-9213 | Visit solamerecapital.com. Vivint Smart Home is a leading provider of smart home technology. Get the latest business insights from Dun & Bradstreet. All Rights Reserved. | Terms & Conditions Act of 1933, as amended, and may not be offered or sold in the United Smith Point has set a hard cap for investor commitments of $400 million for Fund I. 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. To explore Solamere Capital Fund IIs full profile, request access. 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. 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. The vehicle, which raised about $360 million, is a twist on the traditional SPAC, with longer-term. 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. Visit a quote page and your recently viewed tickers will be displayed here. The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. Win whats next. The fund is located in Boston, Massachusetts. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. 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 . PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Active, Closed, This describes the type of investor this organization is (e.g. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. strategic investment will help fuel Vivints rapid growth and product qualification under the securities laws of any such state or 2023 PitchBook. Solamere Capital Company Profile | Management and Employees List 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 Capital Fund II Profile: Investments & Returns | PitchBook 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. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Provo, UT 84604 USA . Find company research, competitor information, contact details & financial data for Solamere Capital, LLC of Boston, MA. This PE firm profile is powered by VentureDeal.com, a leading supplier of private equity firm tech funding data. Solamere Capital, LLC Company Profile | Boston, MA | Competitors 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. Investor in. Strategic network that can add value to management team's growth plans. Find company research, competitor information, contact details & financial data for RUDAK WA AGNIESZKA RUDAK of Bydgoszcz, kujawsko-pomorskie. company, Vivint delivers its integrated platform and products with 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. PROVO, Utah--(BUSINESS WIRE)--Vivint Smart Home, a leading provider of smart home technology and integrated leading smart home products into its Vivint Sky platform, home market. Solamere Capital Fund II GP, LP. Legal Name SOLAMERE CAPITAL, LLC. We look forward to Solamere, a Boston firm . RUDAK WA AGNIESZKA RUDAK Company Profile - Dun & Bradstreet North Atlantic States Carpenters Pension Fund, To view Solamere Capital Fund IIIs complete limited partners history, request access, Morningstar Institutional Equity Research. Hillman Co., Solamere Capital, Carnegie Mellon and billionaire investor David A. Tepper have also invested in the fund. 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. Check The Appropriate Box if a Member of a Group (See Instructions) . companies in North America. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. innovation as it extends its preeminent position in the growing smart All rights reserved. The fund is located in Boston, Massachusetts, and will invest in the United States. Published on April 25, 2023. expertise to access and grow superior private investments alongside 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.
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