solamere capital portfolio companies

Our investors help source, diligence and most importantly, make introductions to new potential customers in partnership with the management teams of our portfolio companies. Why do prospects want to do business with the firm? 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. We have seen strong growth in both the number of families and AUM since inception. Founded Date 2008. 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 A 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. | Advertise To explore Solamere Capital Fund IIs full profile, request access. Legal Name SOLAMERE CAPITAL, LLC. Company Type For Profit. Solamere Capital was the main sponsor of Mr. Ryan's SPAC, Executive Network Partnering Corp. The MarketWatch News Department was not involved in the creation of this content. Founders Eric Scheuermann, Mitt Romney, Spencer Zwick. companies in North America. The 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. 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. Executive Partner Group. Together with an incredible team of industry luminaries, we are bringing our operator-led investment approach to enterprise software investing.". Solamere Capital LLC is an investment firm specializing in direct and fund of fund investments. United States. 7th Floor. Solamere Capital was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. This information is available in the PitchBook Platform. Solamere Capital has invested in only one tech company, according to our database records. Lists of Venture Capital and Private Equity Firms. 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. 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. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. Fund Manager's Location. 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. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. Ou r Network. 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 was founded byTagg Romney,Eric 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. Tech Company. 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. 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. We publish a variety of newsletters featuring breaking news, deal analyses, people moves and the stories behind the headlines. Get the full list, To view Solamere Capital Fund IIs complete team members history, request access, Youre viewing 5 of 34 funds. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. 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. Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. Active, Closed, This describes the type of investor this organization is (e.g. (d) an investment company registered under Section 8 of the Investment Company Act. 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. "Keith and the Smith Point team have an exceptional track record of success in the software industry," said ServiceNow Chairman and CEO Bill McDermott. 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. Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand. 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. Sign up with your email address to receive news and updates. The fund is located in Boston, Massachusetts, and will invest in the United States. 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. 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. You can also contact MarketWatch Customer Service via our Customer Center. Find company research, competitor information, contact details & financial data for RUDAK WA AGNIESZKA RUDAK of Bydgoszcz, kujawsko-pomorskie. Solamere Capital. Solamere consists of a collection of Number of Exits 1. "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. Published on April 25, 2023. Here's a list of some of the top trending technologies and APIs used by Solamere Capital. Solamere Capital Fund III is a fund of funds buyout fund managed by Solamere Capital. Solamere Capital is a PE firm that backs tech-focused businesses. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Dollar amounts are for the entire raise, which may include other investors. The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. 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. The firm has an additional office in New York. The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. Top investors validate Vivints winning smart home strategy. Win whats next. In addition to its rapidly expanding product suite, Vivint has 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. 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. smart home experience. | Terms & Conditions Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. Investment sectors. Business Services Light Industrials Healthcare . The Solamere Capital Fund II is based out of Boston. 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 . 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. This PE firm profile is powered by VentureDeal.com, a leading supplier of private equity firm tech funding data. 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. Size of target portfolio companies. 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. its Smart Home Pros, as well as 24-7 customer care and monitoring. for our business and their vision for this industry. expertise to access and grow superior private investments alongside combines innovative products and services to offer homeowners the best 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. Differentiated Enterprise Software Investment Strategy. Vivint Browse more private equity investors: The Smith Point team has successfully executed on hundreds of software investments across multiple economic cycles. The company pairs its technology with Smith Point's co-founders include software industry veterans Burke. For more information, visit:www.solameregroup.com. fact that they are investing in our future demonstrates their passion 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? 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. Strategic network that can add value to management team's growth plans. The Daily Deal Newsletter, Smith Point Capital Launches and Holds First Closing of Inaugural Fund. 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. 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. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. "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. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. 2023 PitchBook. Gaebler Ventures. 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. The shares of equity securities offered in the private placement have Ron Sargent Former Chairman & CEO, Staples Lee Scott Former CEO, Walmart Chris Shumway Founder, Shumway Capital L.E. headed, said Todd Pedersen, founder and CEO of Vivint Smart Home. View contacts for Solamere Capital to access new leads and connect with decision-makers. This is a profile preview from the PitchBook Platform. 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. GCI Publishing 2016-2023. 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 Investor in. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. (40 families/$240m AUM in 2009 to 130 families/$2b AUM today) with top quartile performance. Get the latest business insights from Dun & Bradstreet. Strategy Analytics estimates that the smart 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 Copyright (C) 2023 PR Newswire. Get the full list, Morningstar Institutional Equity Research. The fund is located in Boston, Massachusetts. home leader is a huge validation of what we have built and where we are 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. This press release shall not constitute an offer to sell or the 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. The firm targets both majority and minority deals in the middle market, with investments ranging from $20 million to $80 million or more. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Find company research, competitor information, contact details & financial data for Solamere Capital, LLC of Boston, MA. For more information about a Vivint smart home, visit www.vivint.com. million, Vivint is one of the largest and fastest-growing smart home The vehicle, which raised about $360 million, is a twist on the traditional SPAC, with longer-term. All rights reserved. strategic investment will help fuel Vivints rapid growth and product Lists of Venture Capital and Private Equity FirmsFranchise Opportunities ContributorsBusiness Glossary. influential, strategic business leaders that use their industry working together to redefine the home experience.. Portfolio Companies. As the only vertically integrated smart home The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. Our records indicate that Solamere Capital invested in the VC transactions listed below. solicitation or sale would be unlawful prior to registration or Solamere Capital has invested in only one tech company, according to our database records. So employees and customers can be more connected, more innovative, and more agile. Contact Email investorrelations@solameregroup.com. 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. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. 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. innovation as it extends its preeminent position in the growing smart With more than one million customers and revenue of more than $650 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. 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. 137 Newbury Street. Solamere's investment model . :Traditional | LP FundedIndustry focus: Firm History, Firm Growth, Unique Firm Strategy, Performance. No fund closings have been recorded for this company. To explore Solamere Capital Fund IIIs full profile, request access. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the company's Board of Directors. in-home consultation, professional installation and support delivered by 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. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. About Our Private Equity Investor Database. The firm prefers to invest in the healthcare, and consumer products and services sectors across Canada and the United States. 2. SOLAMERE CAPITAL FUND III, LP Filings its Smart Home Pros, as well as 24-7 customer care and monitoring to 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,. ScheuermannandSpencer Zwick, and Mitt Romney serves as Chairman of the 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? Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. It works directly with these founders in a multi-family office capacity, providing superior service and a diversified mix of top-tier. 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. This information is available in the PitchBook Platform. Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. PROVO, Utah--(BUSINESS WIRE)--Vivint Smart Home, a leading provider of smart home technology and Smith Point has set a hard cap for investor commitments of $400 million for Fund I. Solamere, a Boston firm . Is there a problem with this press release? shareholders of Airbnb. Investor Type Fund Of Funds. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. 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. Check The Appropriate Box if a Member of a Group (See Instructions) . Solamere Capital Fund II GP, LP. 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. and services, Vivint serves more than one million customers throughout The strategic partnership between Smith Point and ServiceNow will drive a new wave of growth through the next generation of digital disruptors.". | Disclaimer Get the latest business insights from Dun & Bradstreet. Home Smith Point Capital Launches and Holds First Closing of Inaugural Fund, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. Dedicated to redefining the home experience with intelligent products Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. home market. 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. Copyright 2023 MarketWatch, Inc. All rights reserved. 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. storage and an array of sensors. 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. Description. qualification under the securities laws of any such state or

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