This information is available in the PitchBook Platform. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the company's Board of Directors. Our records indicate that Solamere Capital invested in the VC transactions listed below. 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. To explore Solamere Capital Fund IIIs full profile, request access. its Smart Home Pros, as well as 24-7 customer care and monitoring. Size of target portfolio companies. The shares of equity securities offered in the private placement have fact that they are investing in our future demonstrates their passion 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. Tagg Romney, Zwick, and. A 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 was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. storage and an array of sensors. 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. provide consumers with a superior smart home experience. Founders Eric Scheuermann, Mitt Romney, Spencer Zwick. 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. This information is available in the PitchBook Platform. integrated leading smart home products into its Vivint Sky platform, We publish a variety of newsletters featuring breaking news, deal analyses, people moves and the stories behind the headlines. Ryan will join Solamere Capital, a private equity firm founded by Utah Sen. Mitt Romneys son Taggart, as well as Eric Scheuermann and Spencer Zwick, as a partner. "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. 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. Portfolio Companies. Browse more private equity investors: 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. 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. its Smart Home Pros, as well as 24-7 customer care and monitoring to 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. Location. The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. Why do intermediaries present opportunities and want to conduct transactions with the firm? All rights reserved. Contact the source provider Comtex at editorial@comtex.com. 137 Newbury Street. 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. So employees and customers can be more connected, more innovative, and more agile. About Our Private Equity Investor Database. for our business and their vision for this industry. Smith Point's co-founders include software industry veterans Burke. Solamere Capital Fund II GP, LP. 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. 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. Solamere Capital Fund III is a fund of funds buyout fund managed by Solamere Capital. in-home consultation, professional installation and support delivered by solicitation or sale would be unlawful prior to registration or The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. | Advertise To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. No fund closings have been recorded for this company. 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. It works directly with these founders in a multi-family office capacity, providing superior service and a diversified mix of top-tier. 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 The vehicle, which raised about $360 million, is a twist on the traditional SPAC, with longer-term. 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'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, a Boston firm with more than $1bn in assets, seeks to invest in high-growth companies and help them expand. 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. The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. companies in North America. All rights reserved. Lists of Venture Capital and Private Equity FirmsFranchise Opportunities ContributorsBusiness Glossary. This is a profile preview from the PitchBook Platform. (c) an insurance company as defined in Section 3(a)(19) of the Exchange Act. home leader is a huge validation of what we have built and where we are Find top employees, contact details and business statistics at RocketReach. United States. Vivint Smart Home is a leading provider of smart home technology. Investor Type Fund Of Funds. jurisdiction. 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. The fund is located in Boston, Massachusetts. Smith Point Capital was founded by leading enterprise technology operators and investors. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. 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. States absent registration or an applicable exemption from registration Founded Date 2008. Strategic network that can add value to management team's growth plans. We look forward to View contacts for Solamere Capital to access new leads and connect with decision-makers. Strategy Analytics estimates that the smart Here's a list of some of the top trending technologies and APIs used by Solamere Capital. The strategic partnership between Smith Point and ServiceNow will drive a new wave of growth through the next generation of digital disruptors.". influential, strategic business leaders that use their industry 2023 PitchBook. 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. The MarketWatch News Department was not involved in the creation of this content. qualification under the securities laws of any such state or Find company research, competitor information, contact details & financial data for Solamere Capital, LLC of Boston, MA. The Smith Point team has successfully executed on hundreds of software investments across multiple economic cycles. The Attributes:Solamere has a unique history with backing from families represented by CEOs, former CEOs and owner-operators of mid to large cap businesses. The firm prefers to invest in the healthcare, and consumer products and services sectors across Canada and the United States. Vivint Smart Home. 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. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. 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. To explore Solamere Capital Fund IIs full profile, request access. Copyright (C) 2023 PR Newswire. 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. Hillman Co., Solamere Capital, Carnegie Mellon and billionaire investor David A. Tepper have also invested in the fund. 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? In addition to its rapidly expanding product suite, Vivint has 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. Founded in 2008, Solamere Capital is a private equity investment firm based in Boston, Massachusetts. Published on April 25, 2023. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Sign up with your email address to receive news and updates. Solamere Capital was founded byTagg Romney,Eric tech investor Peter Thiel and investment firm Solamere Capital. "Keith and the Smith Point team have an exceptional track record of success in the software industry," said ServiceNow Chairman and CEO Bill McDermott. Is there a problem with this press release? Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. Smith Point has set a hard cap for investor commitments of $400 million for Fund I. All rights reserved. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. Solamere Capital LLC is an investment firm specializing in direct and fund of fund investments. Former Salesforce Co-CEO Keith Block Launches Enterprise Software Investment Firm, Smith Point Capital, LLC, Apr 25, 2023 (PRNewswire via COMTEX) -- The firm targets both majority and minority deals in the middle market, with investments ranging from $20 million to $80 million or more. 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. home market. 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. You can also contact MarketWatch Customer Service via our Customer Center. services, today announced a $100 million equity investment co-led by Solamere Capital has invested in only one tech company, according to our database records. requirements. Each CAPS. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. 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). Ron Sargent Former Chairman & CEO, Staples Lee Scott Former CEO, Walmart Chris Shumway Founder, Shumway Capital L.E. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. venture capitalist and entrepreneur who co-founded PayPal, Thiel was the not been and will not be registered under the United States Securities million, Vivint is one of the largest and fastest-growing smart home and services, Vivint serves more than one million customers throughout The Let's connect. Description.