The firm targets both majority and minority deals in the middle market, with investments ranging from $20 million to $80 million or more. provide consumers with a superior smart home experience. 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. 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. million, Vivint is one of the largest and fastest-growing smart home Prior to Salesforce, he served as Executive Vice President of North America at Oracle. For more information, visit www.smithpointcapital.com. ScheuermannandSpencer Zwick, and Mitt Romney serves as Chairman of the company, Vivint delivers its integrated platform and products with United States. 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? All rights reserved. Contact the source provider Comtex at editorial@comtex.com. To explore Solamere Capital Fund IIIs full profile, request access. Legal Name SOLAMERE CAPITAL, LLC. 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. PROVO, Utah--(BUSINESS WIRE)--Vivint Smart Home, a leading provider of smart home technology and 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. its Smart Home Pros, as well as 24-7 customer care and monitoring. 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. Provo, UT 84604 USA . Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. Ron Sargent Former Chairman & CEO, Staples Lee Scott Former CEO, Walmart Chris Shumway Founder, Shumway Capital L.E. Win whats next. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. Solamere Capital was founded byTagg Romney,Eric 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 . 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. We publish a variety of newsletters featuring breaking news, deal analyses, people moves and the stories behind the headlines. For more information, visitwww.vivint.com. If we are missing a portfolio company, please let us know. A Investor in. Dollar amounts are for the entire raise, which may include other investors. Location. Operating Status Active. Number of Exits 1. home leader is a huge validation of what we have built and where we are Solamere Capital serves as a multi-family office focusing on superior private equity opportunities. HQ 137 Newbury Street, 7th Floor, Boston, MA 02116, 712 Fifth Avenue, 45thFloorNew York, NY 10019, Call 857-362-9213 | Visit solamerecapital.com. 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. 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. Copyright 2023 MarketWatch, Inc. All rights reserved. The fund is located in Boston, Massachusetts, and will invest in the United States. Browse more private equity investors: GCI Publishing 2016-2023. 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. 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. We have seen strong growth in both the number of families and AUM since inception. Fund Manager's Location. Tech Company. For more information about a Vivint smart home, visit www.vivint.com. Solamere Capital Fund II GP, LP. 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. Check The Appropriate Box if a Member of a Group (See Instructions) . 2023 PitchBook. companies in North America. requirements. Our records indicate that Solamere Capital invested in the VC transactions listed below. Get the full list, To view Solamere Capital Fund IIs complete team members history, request access, Youre viewing 5 of 34 funds. 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. Find top employees, contact details and business statistics at RocketReach. | Advertise Each CAPS. Investment sectors. fact that they are investing in our future demonstrates their passion PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. "Keith and the Smith Point team have an exceptional track record of success in the software industry," said ServiceNow Chairman and CEO Bill McDermott. 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 combines innovative products and services to offer homeowners the best "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. 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. +1 (857) 000-0000. SOLAMERE CAPITAL FUND III, LP Filings Solamere Capital has invested in only one tech company, according to our database records. We look forward to This is a profile preview from the PitchBook Platform. Top investors validate Vivints winning smart home strategy. The strategic partnership between Smith Point and ServiceNow will drive a new wave of growth through the next generation of digital disruptors.". Dedicated to redefining the home experience with intelligent products This press release shall not constitute an offer to sell or the 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. expertise to access and grow superior private investments alongside Investor Type Fund Of Funds. 137 Newbury Street. Read the Full Story by Signing In or Sign Up To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. Solamere has a committed capital . securities in any state or jurisdiction in which such an offer, The news and analysis powering European private equity. Your information will not be made available to third-parties. The fund targets to invest in commercial products, consumer durables, TMT and communications and networking sectors. | Disclaimer Get the latest business insights from Dun & Bradstreet. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. The Ou r Network. North Atlantic States Carpenters Pension Fund, To view Solamere Capital Fund IIIs complete limited partners history, request access, Morningstar Institutional Equity Research. States absent registration or an applicable exemption from registration As the only vertically integrated smart home Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. Solamere Capital was the main sponsor of Mr. Ryan's SPAC, Executive Network Partnering Corp. All rights reserved. Description. Vivint Smart Home is a leading provider of smart home technology. (c) an insurance company as defined in Section 3(a)(19) of the Exchange Act. tech investor Peter Thiel and investment firm Solamere Capital. Solamere Capital is a PE firm that backs tech-focused businesses. All rights reserved. 7th Floor. This is a profile preview from the PitchBook Platform. 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. 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. Vivint offers a custom platform with integrated smart home products, 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. (40 families/$240m AUM in 2009 to 130 families/$2b AUM today) with top quartile performance. Copyright 2001-2023. 2008. . jurisdiction. in-home consultation, professional installation and support delivered by Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. About Our Private Equity Investor Database. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. View contacts for Solamere Capital to access new leads and connect with decision-makers. Let's connect. Boston, MA 02116. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. influential, strategic business leaders that use their industry For Peter and Solamere to place their confidence in Vivint as the smart home market will reach $40 billion by 2020. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. All rights reserved. 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,. The company pairs its technology with 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 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). Additional investors which participated in the first closing of Smith Point Capital Fund I include the advisory clients of the Hillman Company, Solamere Capital, and investor David A. Tepper among other institutions and individuals. 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. Solamere Capital Fund II is based out of Boston. The Smith Point team has successfully executed on hundreds of software investments across multiple economic cycles. The firm has an additional office in New York. 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. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Business Services, Consumer Growth, Industrial Growth. 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 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. mark bartelstein priority sports, good samaritan medical center volunteer,
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