solamere capital portfolio companies

SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. the U.S. and Canada. Copyright 2001-2023. For more information, visit:www.solameregroup.com. To explore Solamere Capital Fund IIIs full profile, request access. The shares of equity securities offered in the private placement have Our records indicate that Solamere Capital invested in the VC transactions listed below. Business Services Light Industrials Healthcare . innovation as it extends its preeminent position in the growing smart Published on April 25, 2023. Let's connect. 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. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Solamere Capital has invested in only one tech company, according to our database records. 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. Home Smith Point Capital Launches and Holds First Closing of Inaugural Fund, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. 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. We publish a variety of newsletters featuring breaking news, deal analyses, people moves and the stories behind the headlines. Copyright 2023 MarketWatch, Inc. All rights reserved. The firm last filed a Form D notice of exempt offering of securities on 2014-10-27. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the company's Board of Directors. Vivint expertise to access and grow superior private investments alongside 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. Solamere's investment model . North Atlantic States Carpenters Pension Fund, To view Solamere Capital Fund IIIs complete limited partners history, request access, Morningstar Institutional Equity Research. (d) an investment company registered under Section 8 of the Investment Company Act. You can also contact MarketWatch Customer Service via our Customer Center. 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. 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 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. integrated leading smart home products into its Vivint Sky platform, Solamere Capital Fund II GP, LP. The news and analysis powering European private equity. | Disclaimer PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Prior to Salesforce, he served as Executive Vice President of North America at Oracle. Solamere Capital was founded byTagg Romney,Eric Tech Company. Fund Manager's Location. In addition to its rapidly expanding product suite, Vivint has 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. not been and will not be registered under the United States Securities 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. tech investor Peter Thiel and investment firm Solamere Capital. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. Solamere Capital was the main sponsor of Mr. Ryan's SPAC, Executive Network Partnering Corp. its Smart Home Pros, as well as 24-7 customer care and monitoring. | About The 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. For more information, visit www.smithpointcapital.com. 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. Portfolio Companies. Solamere Capital is a PE firm that backs tech-focused businesses. 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. 137 Newbury St Fl 7, Boston, Massachusetts, 02116, United States, 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. Phone Number +1 857 362 9205. 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. million, Vivint is one of the largest and fastest-growing smart home 2023 PitchBook. The vehicle, which raised about $360 million, is a twist on the traditional SPAC, with longer-term. 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. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. company, Vivint delivers its integrated platform and products with smart home experience. Contact Email investorrelations@solameregroup.com. Solamere Capital was founded by Tagg Romney, Eric Scheuermann and Spencer Zwick, and Mitt Romney serves as Chairman of the Executive Partner Group. Provo, UT 84604 USA . Operating Status Active. Get the latest business insights from Dun & Bradstreet. "We founded Smith Point to meet the needs of growth-stage enterprise software entrepreneurs who need capital and real-world operational guidance from industry veterans in order to achieve the full potential of their businesses. All rights reserved. Company Type For Profit. 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 Business Services, Consumer Growth, Industrial Growth. 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. Ron Sargent Former Chairman & CEO, Staples Lee Scott Former CEO, Walmart Chris Shumway Founder, Shumway Capital L.E. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. Vivint Smart Home. headed, said Todd Pedersen, founder and CEO of Vivint Smart Home. :Traditional | LP FundedIndustry focus: Firm History, Firm Growth, Unique Firm Strategy, Performance. combines innovative products and services to offer homeowners the best Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. The Daily Deal Newsletter, Smith Point Capital Launches and Holds First Closing of Inaugural Fund. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. solicitation or sale would be unlawful prior to registration or jurisdiction. No fund closings have been recorded for this company. Mr. Norton was previously a technology industry securities lawyer and was a partner at Wilson Sonsini. 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. Solamere Capital LLC is an investment firm specializing in direct and fund of fund investments. 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 . Company Information. Legal Name SOLAMERE CAPITAL, LLC. Dedicated to redefining the home experience with intelligent products The fund is located in Boston, Massachusetts. for our business and their vision for this industry. 2008. . All rights reserved. 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. 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.

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