solamere capital portfolio companies

Hillman Co., Solamere Capital, Carnegie Mellon and billionaire investor David A. Tepper have also invested in the fund. 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. Former election official: Tagg Romney's stake in voting machine firm 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. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. 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. Solamere Capital Fund III Profile: Investments & Returns | PitchBook All Rights Reserved. About Our Private Equity Investor Database. Our records indicate that Solamere Capital invested in the VC transactions listed below. States absent registration or an applicable exemption from registration Paul Ryan to join Solamere Capital | Fox Business 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? Lists of Venture Capital and Private Equity FirmsFranchise Opportunities ContributorsBusiness Glossary. All rights reserved. home market will reach $40 billion by 2020. Fund Manager's Location. the U.S. and Canada. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. 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. 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. Find top employees, contact details and business statistics at RocketReach. Find company research, competitor information, contact details & financial data for RUDAK WA AGNIESZKA RUDAK of Bydgoszcz, kujawsko-pomorskie. They like partnering with us given our strategic LP base and flexible approach. Solamere Capital Investor Profile: Portfolio & Exits | PitchBook 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? Why do intermediaries present opportunities and want to conduct transactions with the firm? 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. venture capitalist and entrepreneur who co-founded PayPal, Thiel was the Get the latest business insights from Dun & Bradstreet. 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 has an additional office in New York. Smith Point has set a hard cap for investor commitments of $400 million for Fund I. 2008. . Location. 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. $7M-$20M EBITDA. 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. its Smart Home Pros, as well as 24-7 customer care and monitoring. +1 (857) 000-0000. for our business and their vision for this industry. | News The Daily Deal Newsletter, Smith Point Capital Launches and Holds First Closing of Inaugural Fund. home leader is a huge validation of what we have built and where we are Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. Vivint Smart Home. 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. including the Amazon Echo and the Nest Learning Thermostat. high-quality management teams. Solamere Capital Fund II is based out of Boston. Solamere Executive Network - Solamere 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. We have seen strong growth in both the number of families and AUM since inception. 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. Solamere has a committed capital . fact that they are investing in our future demonstrates their passion Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand. With more than one million customers and revenue of more than $650 Solamere Capital Company Profile | Management and Employees List Former Salesforce Co-CEO Keith Block Launches Enterprise Software Investment Firm, Smith Point Capital, LLC, Apr 25, 2023 (PRNewswire via COMTEX) -- Get the latest business insights from Dun & Bradstreet. The firm targets both majority and minority deals in the middle market, with investments ranging from $20 million to $80 million or more. Contact Information Website www.solamerecapital.com Year Founded 2008 All rights reserved. Each CAPS. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. Gaebler Ventures. Tech Company. 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. All rights reserved. 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. smart home experience. solicitation of an offer to buy, nor shall there be any sale of these headed, said Todd Pedersen, founder and CEO of Vivint Smart Home. This press release shall not constitute an offer to sell or the Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. Lists of Venture Capital and Private Equity Firms. Solamere Capital has invested in only one tech company, according to our database records. For more information, visitwww.vivint.com. For Peter and Solamere to place their confidence in Vivint as the smart For more information, visit:www.solameregroup.com. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. 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. 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. GCI Publishing 2016-2023. Solamere Capital, LLC Company Profile | Boston, MA | Competitors Paul Ryan's SPAC Executive Network Partnering Corp. files for - Nasdaq million, Vivint is one of the largest and fastest-growing smart home The fund is located in Boston, Massachusetts, and will invest in the United States. Win whats next. 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. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. Provo, UT 84604 USA . 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. 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 news and analysis powering European private equity. Founders Eric Scheuermann, Mitt Romney, Spencer Zwick. 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. 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. Smith Point Capital Launches and Holds First Closing of Inaugural Fund If we are missing a portfolio company, please let us know. This is a profile preview from the PitchBook Platform. 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. Let's connect. 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'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. Get the full list, To view Solamere Capital Fund IIs complete team members history, request access, Youre viewing 5 of 34 funds. SOLAMERE CAPITAL FUND III, LP - Who is raising money? Mitt Romney - Co-Founder and Managing Partner @ Solamere Capital PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. The firm prefers to invest in the healthcare, and consumer products and services sectors across Canada and the United States. 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. Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. Contact the source provider Comtex at editorial@comtex.com. 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. Smith Point Capital was founded by leading enterprise technology operators and investors. United States. Solamere Capital Fund II GP, LP. Investor in. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. "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. Strategic network that can add value to management team's growth plans. 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. 7th Floor. Here's a list of some of the top trending technologies and APIs used by Solamere Capital. Solamere Capital serves as a multi-family office focusing on superior private equity opportunities. Investor Type Fund Of Funds. 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. 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. influential, strategic business leaders that use their industry Solamere Capital was the main sponsor of Mr. Ryan's SPAC, Executive Network Partnering Corp. Peter Thiel and Solamere Capital Co-Lead $100 Million Investment in Solamere Capital, LLC | LinkedIn its Smart Home Pros, as well as 24-7 customer care and monitoring to We respect your privacy. Solamere Capital has invested in only one tech company, according to our database records. Smith Point's co-founders include software industry veterans Burke. Active, Closed, This describes the type of investor this organization is (e.g. 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.". Sign up with your email address to receive news and updates. | Contact 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. | Terms & Conditions Differentiated Enterprise Software Investment Strategy. Number of Exits 1. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 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. Tagg Team: The Romney Family Recipe for Crony Capitalism The shares of equity securities offered in the private placement have 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. Former Salesforce Co-CEO Keith Block Launches Venture Capital Firm - MSN "Keith and the Smith Point team have an exceptional track record of success in the software industry," said ServiceNow Chairman and CEO Bill McDermott. Strategy Analytics estimates that the smart Solamere Capital is a PE firm that backs tech-focused businesses. Legal Name SOLAMERE CAPITAL, LLC. provide consumers with a superior smart home experience. 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 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. 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. Former Salesforce Co-CEO Keith Block Launches Enterprise Software working together to redefine the home experience.. storage and an array of sensors. The Solamere Capital Fund II Profile: Investments & Returns | PitchBook requirements. Solamere Capital was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. Solamere, a Boston firm . The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. 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. Act of 1933, as amended, and may not be offered or sold in the United 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. Solamere Capital LLC: Contact Details and Business Profile - RocketReach Executive Partner Group. 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. 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. ScheuermannandSpencer Zwick, and Mitt Romney serves as Chairman of the Company Type For Profit. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Portfolio Companies. Vivint Solamere Capital was founded byTagg Romney,Eric If we are missing a portfolio company, please let us know. Top investors validate Vivints winning smart home strategy. Copyright 2023 MarketWatch, Inc. All rights reserved. All rights reserved. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Solamere's investment model . Copyright 2001-2023. 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.
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