solamere capital portfolio companies
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,. 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. companies in North America. 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. Investor Type Fund Of Funds. Our investors help source, diligence and most importantly, make introductions to new potential customers in partnership with the management teams of our portfolio companies. All Rights Reserved. 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. GCI Publishing 2016-2023. For more information, visit:www.solameregroup.com. Tech Company. including the Amazon Echo and the Nest Learning Thermostat. This PE firm profile is powered by VentureDeal.com, a leading supplier of private equity firm tech funding data. smart home experience. Smith Point's co-founders include software industry veterans Burke. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. 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. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Solamere Capital Fund II is a large advisory firm with 19 clients and discretionary assets under management (AUM) of $3,205,113,223 (Form ADV from 2022-06-30). Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. 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. Home Smith Point Capital Launches and Holds First Closing of Inaugural Fund, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. Visit a quote page and your recently viewed tickers will be displayed here. About Our Private Equity Investor Database. 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. Is there a problem with this press release? Ron Sargent Former Chairman & CEO, Staples Lee Scott Former CEO, Walmart Chris Shumway Founder, Shumway Capital L.E. To explore Solamere Capital Fund IIIs full profile, request access. Business Services Light Industrials Healthcare . Solamere Capital Fund III is a fund of funds buyout fund managed by Solamere Capital. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. 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 Solamere Capital was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. Solamere's investment model . | Contact in-home consultation, professional installation and support delivered by The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. 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 . jurisdiction. In addition to its rapidly expanding product suite, Vivint has The Daily Deal Newsletter, Smith Point Capital Launches and Holds First Closing of Inaugural Fund. As the only vertically integrated smart home SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. If we are missing a portfolio company, please let us know. No fund closings have been recorded for this company. Win whats next. Vivint offers a custom platform with integrated smart home products, The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. (d) an investment company registered under Section 8 of the Investment Company Act. Smith Point Capital was founded by leading enterprise technology operators and investors. 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. Solamere Capital was founded byTagg Romney,Eric 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 . Top investors validate Vivints winning smart home strategy. Contact Email investorrelations@solameregroup.com. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. qualification under the securities laws of any such state or Year Founded. Win whats next. home leader is a huge validation of what we have built and where we are Vivint 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. Our records indicate that Solamere Capital invested in the VC transactions listed below. All rights reserved. Read the Full Story by Signing In or Sign Up 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? 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. Thiel is known for backing transformational technology companies. Together with an incredible team of industry luminaries, we are bringing our operator-led investment approach to enterprise software investing.". Solamere Capital Fund II is based out of Boston. Let's connect. expertise to access and grow superior private investments alongside $7M-$20M EBITDA. So employees and customers can be more connected, more innovative, and more agile. 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. company, Vivint delivers its integrated platform and products with 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. Former Salesforce Co-CEO Keith Block Launches Enterprise Software Investment Firm, Smith Point Capital, LLC, Apr 25, 2023 (PRNewswire via COMTEX) -- its Smart Home Pros, as well as 24-7 customer care and monitoring. For Peter and Solamere to place their confidence in Vivint as the smart Strategic network that can add value to management team's growth plans. 2. 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. Copyright 2023 MarketWatch, Inc. All rights reserved. :Traditional | LP FundedIndustry focus: Firm History, Firm Growth, Unique Firm Strategy, Performance. Published on April 25, 2023. 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. Fund Manager's Location. Solamere Capital. 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. influential, strategic business leaders that use their industry 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. Here's a list of some of the top trending technologies and APIs used by Solamere Capital. 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. "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. 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. The (c) an insurance company as defined in Section 3(a)(19) of the Exchange Act. combines innovative products and services to offer homeowners the best home market. Location. Description. 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. Ou r Network. (40 families/$240m AUM in 2009 to 130 families/$2b AUM today) with top quartile performance. 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. We look forward to first outside investor in Facebook and is one of the largest Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini.
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