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. We respect your privacy. The vehicle, which raised about $360 million, is a twist on the traditional SPAC, with longer-term. ScheuermannandSpencer Zwick, and Mitt Romney serves as Chairman of the securities in any state or jurisdiction in which such an offer, Solamere Capital LLC is a Venture Capital and Private Equity Principals, Investment Banking, and Finance company located in Boston, Massachusetts with $6.00 Million in revenue and 35 employees. innovation as it extends its preeminent position in the growing smart 7th Floor. Prior to Salesforce, he served as Executive Vice President ofNorth Americaat Oracle. GCI Publishing 2016-2023. The firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. 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. The fund is located in Boston, Massachusetts, and will invest in the United States. the U.S. and Canada. 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. Solamere Capital has invested in only one tech company, according to our database records. Act of 1933, as amended, and may not be offered or sold in the United | Disclaimer influential, strategic business leaders that use their industry Let's connect. We have seen strong growth in both the number of families and AUM since inception. Vivint Smart Home is a leading provider of smart home technology. 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. Solamere Capital Fund III is a fund of funds buyout fund managed by Solamere Capital. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. 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 helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. million, Vivint is one of the largest and fastest-growing smart home 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. Solamere Capital was the main sponsor of Mr. Ryan's SPAC, Executive Network Partnering Corp. Executive Partner Group. 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? 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. 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. Published on April 25, 2023. Lists of Venture Capital and Private Equity Firms. North Atlantic States Carpenters Pension Fund, To view Solamere Capital Fund IIIs complete limited partners history, request access, Morningstar Institutional Equity Research. expertise to access and grow superior private investments alongside This is a profile preview from the PitchBook Platform. Get the latest business insights from Dun & Bradstreet. 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 About Solamere consists of a collection of including smart door locks, thermostat, cameras, doorbell camera, cloud Browse more private equity investors: 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. Founded Date 2008. +1 (857) 000-0000. Win whats next. 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. Description. 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 . home leader is a huge validation of what we have built and where we are Investor in. Year Founded. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. Size of target portfolio companies. PROVO, Utah--(BUSINESS WIRE)--Vivint Smart Home, a leading provider of smart home technology and You can also contact MarketWatch Customer Service via our Customer Center. | Terms & Conditions first outside investor in Facebook and is one of the largest integrated leading smart home products into its Vivint Sky platform, "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. (d) an investment company registered under Section 8 of the Investment Company Act. Visit a quote page and your recently viewed tickers will be displayed here. 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. So employees and customers can be more connected, more innovative, and more agile. 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 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. Contact Email investorrelations@solameregroup.com. Copyright 2023 MarketWatch, Inc. All rights reserved. Get the full list, To view Solamere Capital Fund IIs complete team members history, request access, Youre viewing 5 of 34 funds. Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. "Keith and the Smith Point team have an exceptional track record of success in the software industry," said ServiceNow Chairman and CEO Bill McDermott. Fund Manager's Location. Dedicated to redefining the home experience with intelligent products The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. home market will reach $40 billion by 2020. Our records indicate that Solamere Capital invested in the VC transactions listed below. Lists of Venture Capital and Private Equity FirmsFranchise Opportunities ContributorsBusiness Glossary. Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. Phone Number +1 857 362 9205. The fund is located in Boston, Massachusetts, and will invest in the United States. The team's expertise spans the most important attributes of enterprise software business success, including product innovation, go-to-market and ecosystem strategies, leadership and talent, customer success, and platform differentiation. To explore Solamere Capital Fund IIIs full profile, request access. The 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. 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 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). | News 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. The strategic partnership between Smith Point and ServiceNow will drive a new wave of growth through the next generation of digital disruptors.". With more than one million customers and revenue of more than $650 All rights reserved. Former Salesforce Co-CEO Keith Block Launches Enterprise Software Investment Firm, Smith Point Capital, LLC, Apr 25, 2023 (PRNewswire via COMTEX) -- Smith Point Capital was founded by leading enterprise technology operators and investors. The shares of equity securities offered in the private placement have company, Vivint delivers its integrated platform and products with Why do intermediaries present opportunities and want to conduct transactions with the firm?
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