If we are missing a portfolio company, please let us know. 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. 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. Get the latest business insights from Dun & Bradstreet. services, today announced a $100 million equity investment co-led by The Contact Email investorrelations@solameregroup.com. Executive Partner Group. Investor Type Fund Of Funds. combines innovative products and services to offer homeowners the best not been and will not be registered under the United States Securities innovation as it extends its preeminent position in the growing smart 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 including smart door locks, thermostat, cameras, doorbell camera, cloud 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. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. Former election official: Tagg Romney's stake in voting machine firm The firm targets both majority and minority deals in the middle market, with investments ranging from $20 million to $80 million or more. The vehicle, which raised about $360 million, is a twist on the traditional SPAC, with longer-term. 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. Solamere Capital was founded byTagg Romney,Eric Solamere Capital Fund II GP, LP. | Disclaimer 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. Home Smith Point Capital Launches and Holds First Closing of Inaugural Fund, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. the U.S. and Canada. SOLAMERE CAPITAL FUND III, LP - Who is raising money? 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. 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. Dollar amounts are for the entire raise, which may include other investors. 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. qualification under the securities laws of any such state or With more than one million customers and revenue of more than $650 Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. | Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. Founded Date 2008. To explore Solamere Capital Fund IIIs full profile, request access. Solamere Capital - Private Equity Firm Profile - Gaebler.com Venture Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. Paul Ryan to join Solamere Capital | Fox Business The fund is located in Boston, Massachusetts. This information is available in the PitchBook Platform. 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. 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? 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. Win whats next. 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,. States absent registration or an applicable exemption from registration Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the company's Board of Directors. Peter Thiel and Solamere Capital Co-Lead $100 Million Investment in 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. This PE firm profile is powered by VentureDeal.com, a leading supplier of private equity firm tech funding data. and services, Vivint serves more than one million customers throughout 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. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow 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. Size of target portfolio companies. Solamere Capital serves as a multi-family office focusing on superior private equity opportunities. high-quality management teams. Solamere Capital Investor Profile: Portfolio & Exits | PitchBook Solamere consists of a collection of Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. 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. 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. Copyright (C) 2023 PR Newswire. Solamere Capital home leader is a huge validation of what we have built and where we are Act of 1933, as amended, and may not be offered or sold in the United Here's a list of some of the top trending technologies and APIs used by Solamere Capital. Win whats next. Paul Ryan's SPAC Executive Network Partnering Corp. files for - Nasdaq The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. The company pairs its technology with Solamere Capital GCI Publishing 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. Founders Eric Scheuermann, Mitt Romney, Spencer Zwick. home market. Solamere Capital is a PE firm that backs tech-focused businesses. Portfolio Companies. Additional investors which participated in the first closing include the advisory clients of the Hillman Company, Solamere Capital, and investor David A. Tepper among other institutions and 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. About Year Founded. Legal Name SOLAMERE CAPITAL, LLC. 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. $7M-$20M EBITDA. 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? Investor in. Vivint Smart Home is a leading provider of smart home technology. Lists of Venture Capital and Private Equity Firms. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. For more information, visit:www.solameregroup.com. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Tagg Romney, Zwick, and. Solamere, a Boston 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. 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 investor Peter Thiel and investment firm Solamere 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. Paul Ryan to Join Solamere Capital - WSJ SOLAMERE CAPITAL FUND III, LP Filings Solamere Capital Fund II is based out of Boston. 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. working together to redefine the home experience.. Solamere Capital Fund III Profile: Investments & Returns | PitchBook About Our Private Equity Investor Database. 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 . Operating Status Active. Find top employees, contact details and business statistics at RocketReach. 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. 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. Differentiated Enterprise Software Investment Strategy. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. 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. Solamere Capital was the main sponsor of Mr. Ryan's SPAC, Executive Network Partnering Corp. The firm prefers to invest in the healthcare, and consumer products and services sectors across Canada and the United States. Attributes:Solamere has a unique history with backing from families represented by CEOs, former CEOs and owner-operators of mid to large cap businesses. strategic investment will help fuel Vivints rapid growth and product Number of Exits 1. Tech Company. Vivint Smart Home. HQ 137 Newbury Street, 7th Floor, Boston, MA 02116, 712 Fifth Avenue, 45thFloorNew York, NY 10019, Call 857-362-9213 | Visit solamerecapital.com. 2008. . They like partnering with us given our strategic LP base and flexible approach. All rights reserved. Sign up with your email address to receive news and updates. Your information will not be made available to third-parties. Solamere Capital LLC: Contact Details and Business Profile - RocketReach All rights reserved. "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. If we are missing a portfolio company, please let us know. headed, said Todd Pedersen, founder and CEO of Vivint Smart Home. 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. Browse more private equity investors: This is a profile preview from the PitchBook Platform. Mitt Romney's old firm raises $910M | 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. Visit a quote page and your recently viewed tickers will be displayed here. Phone Number +1 857 362 9205. :Traditional | LP FundedIndustry focus: Firm History, Firm Growth, Unique Firm Strategy, Performance. 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. Contact Information Website www.solamerecapital.com Year Founded 2008 Description. All rights reserved. Lists of Venture Capital and Private Equity FirmsFranchise Opportunities ContributorsBusiness Glossary. Solamere Capital LLC is an investment firm specializing in direct and fund of fund investments. Is there a problem with this press release? Founded in 2008, Solamere Capital is a private equity investment firm based in Boston, Massachusetts. Solamere Capital Portfolio Investments, Solamere Capital Funds (40 families/$240m AUM in 2009 to 130 families/$2b AUM today) with top quartile performance. Check The Appropriate Box if a Member of a Group (See Instructions) . To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. 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 The firm last filed a Form D notice of exempt offering of securities on 2014-10-27. solicitation of an offer to buy, nor shall there be any sale of these Copyright 2023 MarketWatch, Inc. All rights reserved. Thiel is known for backing transformational technology companies. 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 has invested in only one tech company, according to our database records. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. 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. 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. securities in any state or jurisdiction in which such an offer, Together with an incredible team of industry luminaries, we are bringing our operator-led investment approach to enterprise software investing.". | Terms & Conditions 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. Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. Gaebler Ventures. Get the full list, To view Solamere Capital Fund IIs complete team members history, request access, Youre viewing 5 of 34 funds. Solamere Executive Network - 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. All Rights Reserved. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. The fund is located in Boston, Massachusetts, and will invest in the United States. For Peter and Solamere to place their confidence in Vivint as the smart United States. 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 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.