solamere capital 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. Ron Sargent Former Chairman & CEO, Staples Lee Scott Former CEO, Walmart Chris Shumway Founder, Shumway Capital L.E. Investor in. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. (40 families/$240m AUM in 2009 to 130 families/$2b AUM today) with top quartile performance. Founded Date 2008. | Contact | Terms & Conditions 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. Lists of Venture Capital and Private Equity FirmsFranchise Opportunities ContributorsBusiness Glossary. Prior to Salesforce, he served as Executive Vice President of North America at Oracle. tech investor Peter Thiel and investment firm Solamere Capital. Why do prospects want to do business with 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. Business Services Light Industrials Healthcare . All rights reserved. Company Type For Profit. Check The Appropriate Box if a Member of a Group (See Instructions) . 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. Why do intermediaries present opportunities and want to conduct transactions with the firm? 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. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. Strategy Analytics estimates that the smart Solamere consists of a collection of 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 II is a fund of funds buyout fund managed by Solamere Capital. We respect your privacy. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Number of Exits 1. company, Vivint delivers its integrated platform and products with For more information, visit:www.solameregroup.com. About Solamere Capital Solamere Capital was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. 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. All rights reserved. Solamere Capital was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. 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 including smart door locks, thermostat, cameras, doorbell camera, cloud Boston, MA 02116. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. Former Salesforce Co-CEO Keith Block Launches Enterprise Software Investment Firm, Smith Point Capital, LLC, Apr 25, 2023 (PRNewswire via COMTEX) -- Solamere, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand. in-home consultation, professional installation and support delivered by venture capitalist and entrepreneur who co-founded PayPal, Thiel was the Read the Full Story by Signing In or Sign Up 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. home leader is a huge validation of what we have built and where we are 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. 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. United States. 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. This PE firm profile is powered by VentureDeal.com, a leading supplier of private equity firm tech funding data. Operating Status Active. The news and analysis powering European private equity. The company pairs its technology with Solamere Capital has invested in only one tech company, according to our database records. home market will reach $40 billion by 2020. 2008. . its Smart Home Pros, as well as 24-7 customer care and monitoring. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. This is a profile preview from the PitchBook Platform. Attributes:Solamere has a unique history with backing from families represented by CEOs, former CEOs and owner-operators of mid to large cap businesses. | Founders Eric Scheuermann, Mitt Romney, Spencer Zwick. including the Amazon Echo and the Nest Learning Thermostat. The The MarketWatch News Department was not involved in the creation of this content. 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. Get the full list, Morningstar Institutional Equity Research. Find company research, competitor information, contact details & financial data for Solamere Capital, LLC of Boston, MA. 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. requirements. qualification under the securities laws of any such state or 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? Vivint Smart Home. Differentiated Enterprise Software Investment Strategy. 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. Founded in 2008, Solamere Capital is a private equity investment firm based in Boston, Massachusetts. The firm has an additional office in New York. Hillman Co., Solamere Capital, Carnegie Mellon and billionaire investor David A. Tepper have also invested in the fund. 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 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 information is available in the PitchBook Platform. Win whats next. 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. | Disclaimer The shares of equity securities offered in the private placement have Let's connect. Each CAPS. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. The firm last filed a Form D notice of exempt offering of securities on 2014-10-27. Size of target portfolio companies. 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. 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.

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