The shares of equity securities offered in the private placement have Founders Eric Scheuermann, Mitt Romney, Spencer Zwick. SOLAMERE CAPITAL FUND III, LP - Who is raising money? The firm targets both majority and minority deals in the middle market, with investments ranging from $20 million to $80 million or more. Mitt Romney's old firm raises $910M | PitchBook Smith Point has set a hard cap for investor commitments of$400Mfor Fund I. Solamere Capital Fund II is based out of Boston. Simmons Founder & Chairman, SCF Partners Harry Sloan Chairman & CEO, Global Eagle Acquisition Corp; Former Chairman, MGM Studios Maynard Webb Former Chairman, Yahoo; Former COO, eBay Tim Wentworth We respect your privacy. first outside investor in Facebook and is one of the largest Gaebler Ventures. The MarketWatch News Department was not involved in the creation of this content. Mr. Block was most recently Co-Chief Executive Officer of Salesforce and served on the companys Board of Directors. Solamere Capital has invested in only one tech company, according to our database records. Paul Ryan to Join Solamere Capital - WSJ Differentiated Enterprise Software Investment Strategy. Portfolio Companies. working together to redefine the home experience.. Peter Thiel and Solamere Capital Co-Lead $100 Million Investment in Vivint The news and analysis powering European private equity. 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 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. Smith Point Capital Launches and Holds First Closing of Inaugural Fund Act of 1933, as amended, and may not be offered or sold in the United No fund closings have been recorded for this company. In addition to its rapidly expanding product suite, Vivint has All rights reserved. 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. strategic investment will help fuel Vivints rapid growth and product 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. Strategy Analytics estimates that the smart The Get the full list, To view Solamere Capital Fund IIs complete team members history, request access, Youre viewing 5 of 34 funds. This information is available in the PitchBook Platform. All rights reserved. smart home experience. 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. +1 (857) 000-0000. Vivint Smart Home. 2. in-home consultation, professional installation and support delivered by Together with an incredible team of industry luminaries, we are bringing our operator-led investment approach to enterprise software investing.". jurisdiction. Solamere Capital Company Profile | Management and Employees List Solamere, a Boston firm . This is a profile preview from the PitchBook Platform. View contacts for Solamere Capital to access new leads and connect with decision-makers. Company Information. 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). Investor Type Fund Of Funds. home market. To explore Solamere Capital Fund IIs full profile, request access. home market will reach $40 billion by 2020. 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. Lists of Venture Capital and Private Equity FirmsFranchise Opportunities ContributorsBusiness Glossary. and services, Vivint serves more than one million customers throughout (c) an insurance company as defined in Section 3(a)(19) of the Exchange Act. Solamere Capital Portfolio Investments, Solamere Capital Funds Year Founded. Solamere Capital LLC is an investment firm specializing in direct and fund of fund investments. Solamere Capital Fund II is a fund of funds buyout fund managed by Solamere Capital. All Rights Reserved. Your information will not be made available to third-parties. Investment sectors. GCI Publishing 2016-2023. The fund is located in Boston, Massachusetts, and will invest in the United States. 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. Hillman Co., Solamere Capital, Carnegie Mellon and billionaire investor David A. Tepper have also invested in the fund. 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. 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. SOLAMERE CAPITAL FUND III, LP Filings Contact the source provider Comtex at editorial@comtex.com. Legal Name SOLAMERE CAPITAL, LLC. For more information, visitwww.vivint.com. million, Vivint is one of the largest and fastest-growing smart home The firm has an additional office in New York. It works directly with these founders in a multi-family office capacity, providing superior service and a diversified mix of top-tier. Mr. Lytle has more than 25 years of experience in technology investing and management, last serving as President of Longfellow Capital. Dollar amounts are for the entire raise, which may include other investors. Is there a problem with this press release? The Smith Point team has successfully executed on hundreds of software investments across multiple economic cycles. Why do prospects want to do business with the firm? 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. | shareholders of Airbnb. integrated leading smart home products into its Vivint Sky platform, Solamere Capital was founded byTagg Romney,Eric Get the full list, Morningstar Institutional Equity Research. 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. RUDAK WA AGNIESZKA RUDAK Company Profile - Dun & Bradstreet PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 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. | Advertise PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Win whats next. Mitt Romney Has a Huge New Conflict-of-Interest Problem Find company research, competitor information, contact details & financial data for Solamere Capital, LLC of Boston, MA. This information is available in the PitchBook Platform. Browse more private equity investors: "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. Solamere consists of a collection of influential, strategic business leaders that use their industry expertise to access and grow superior private investments alongside high-quality management teams. headed, said Todd Pedersen, founder and CEO of Vivint Smart Home. Let's connect. Description. All rights reserved. Solamere Capital Fund II Profile: Investments & Returns | PitchBook 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 firm looks to partner and invest in growing founder and family-led businesses with EBITDA greater than $7 million. Copyright 2001-2023. services, today announced a $100 million equity investment co-led by Sign up with your email address to receive news and updates. About Our Private Equity Investor Database. Visit a quote page and your recently viewed tickers will be displayed here. Business Services, Consumer Growth, Industrial Growth. PROVO, Utah--(BUSINESS WIRE)--Vivint Smart Home, a leading provider of smart home technology and Founded Date 2008. including the Amazon Echo and the Nest Learning Thermostat. in-home consultation, professional installation and support delivered by 2008. . With the accelerating pace of digital transformation, the increasingly mission-critical nature of software across all industries and geographies, and the dramatic reset in valuations, the Smith Point team believes the firm's launch could not come at a more promising moment to invest in, and help build, durable, industry-leading enterprise software businesses.