He is a Director at ERI Solutions and a Board Observer at Vector Media. Solamere Capital, LLC. He’s not a passive investor. We value personal growth, respect, integrity, openness and humility. These officials had come from the Charlotte office of the Stanford Financial Group, which had been closed by the feds for selling phony certificates of deposit. Our custom-built trading engine executes a variety of strategies on several of the world's most liquid exchanges. In June 2013, as it was hunting for investors, the firm sponsored a policy conference convened by Mitt Romney at an exclusive resort in Park City, Utah, which attracted Rand Paul, Chris Christie, and Paul Ryan as speakers. And demand to be in business with Romney was high. But in May 2014, Solamere Capital filed reports with the SEC noting it had created two new funds, with 200 investors investing a total of $472 million. Brad joined Spire Capital in 2017. A spokesman for Mitt Romney also did not respond. Solamere Capital General Information Description. Good work-life balance, where coworkers and supervisors appreciate outside commitments. Might such revelations hurt his political prospects or harm his son’s company? Solamere Capital, LLC. Solamere Group serves its clients in the United States. See Tagg Romney's compensation, career history, education, & memberships. Terms of Service apply. These new funds would invest in other private equity funds and invest directly in private companies. Let our journalists help you make sense of the noise: Subscribe to the, US companies that downsized and shifted jobs overseas, foreign companies that depended on US outsourcing, join us with a tax-deductible donation today. The former House speaker will serve as chairman of a vehicle known as Executive Network Partnering Corp., which will seek to raise roughly $300 million in an initial public offering, people familiar with the deal said. Tagg Romney, Zwick, and Scheuermann, the records noted, would receive an estimated $16.8 million in management fees in the first six years. Jim joined Solamere Capital in November 2013 as Controller and Vice President. One of Solamere’s initial investments was in a North Carolina financial-services firm operated by former officials of a financial company run by Allen Stanford, who was later convicted of running a massive Ponzi scheme. So how will Romney respond to these and other questions about his work for Solamere? Join to Connect. superior service and a diversified mix of top-tier private equity investments. McIntire School of Commerce. As the complaint noted, “precisely because private equity firms typically invest heavily in a few select companies…there is a far greater chance that ownership of these funds could lead to a conflict of interest.” The Office of Government Ethics did not respond to the complaint, and the matter died. The … Solamere Capital is a $2 billion multi-strategy private investment firm founded in 2008 by Tagg Romney, Eric Scheuermann, and Spencer Zwick. Scott has 5 jobs listed on their profile. 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. The firm, according to Fortune, was seeking about $300 million for a second round of investment. At the same time—and in the same place—Solamere hosted a conference for investors. In 2012, Mitt Romney’s career as a businessman who earned many millions of dollars became a net loss, as political foes slammed him for running Bain Capital, a private equity firm that invested in US companies that downsized and shifted jobs overseas and that obtained financial stakes in foreign companies that depended on US outsourcing for profits. Solamere Capital is a collection of families and influential business leaders leveraging their broad networks and industry expertise to invest strategic capital. solamere capital Lee Scott, former chief executive at Wal-Mart Stores Inc WMT.N , has joined Solamere Capital as an operating partner and a member of the investment committee. Founded in 1988, Olympus manages over $8.5 billion on behalf of corporate pension plans, public retirement systems, university endowment funds, and the executives of Olympus' portfolio companies. “We believe that Governor Romney’s experience and insight in private investing will enhance Solamere’s distinctiveness,” the firm said in an email to investors. But firms such as Solamere thrive on privacy. Also known as special-purpose acquisition companies, they turn the traditional IPO model on its head by going public before acquiring a business. 432 Cherry Street West Newton, MA 02465 617-969-6700 All Rights Reserved. Has it drawn investments from people or corporations at home or abroad that want to curry favor with a possible president? Solamere Capital Fund II is based out of Boston. Massachusetts Investors with Funds Raised in 2018 . Can you pitch in a few bucks to help fund Mother Jones' investigative journalism? But what the close friends did have was the Romney name and a Rolodex of deep-pocketed potential investors who had backed Mr. Romney’s presidential run.” The pair brought in a third partner, Eric Scheuermann, who did have years of private equity experience. Report this profile Experience Principal Solamere Capital, LLC 2019 - Present 2 years. James Michael Killian is a financial advisor with Solamere Capital, LLC. Head of Strategic Partnerships at Solamere Capital LLC Boston, MA. Any of these parties—the investors or the investments—could pose a conflict of interest for a presidential candidate or raise a significant question. Solamere Capital is a $2 billion multi-strategy private equity investment firm founded in 2008 by Tagg Romney, Eric Scheuermann, and Spencer Zwick, and in partnership with Mitt Romney (who stepped down in 2019 to join the U.S. Senate). Lists Featuring This Company. Solamere Capital works directly with these Founders in a multi-family office capacity, providing. Founded in 2008, Solamere Capital is a private equity firm and is based in Boston, Massachusetts. View Scott Hutchins’ profile on LinkedIn, the world's largest professional community. Chandler has 2 jobs listed on their profile. Mr. Ryan was Mitt Romney’s vice-presidential running mate in 2012 and before taking over as House speaker, served for years as chairman of the House Budget Committee. But there’s another matter that will be be added to the pile of financial controversies for Romney to face: Solamere Capital, the $700 million private equity firm cofounded by his son Taggart that Romney has helped run since March 2013. Who has Romney been investing with, and what has he been investing in? Has Solamere invested in companies that outsource? Two partners at Solamere Capital LLC, the private-equity fund with ties to the Romney family, are close to completing a deal to buy 1 percent of the New York Yankees, according to … Solamere Capital, LLC. But, as Solamere investors acknowledged, the gathering also provided them with potential targets, lending the retreat an aura of personal enrichment along with the focus on public policy.”. View Chandler Scott’s profile on LinkedIn, the world’s largest professional community. As the New York Times reported, “Neither had experience in private equity. Solamere provides a … We noticed you have an ad blocker on. With Mitt Romney more involved, Solamere expanded. In the email to investors, Solamere noted, “we feel strongly that there is value in not raising too large of a fund, and therefore anticipate keeping the size to a level we feel we can appropriately manage within our desired band of target returns.” But in May 2014, Solamere Capital filed reports with the SEC noting it had created two new funds, with 200 investors investing a total of $472 million. Olympus Partners | 650 abonnés sur LinkedIn. H. Lee Scott Jr., the former CEO of Walmart and short-time member of the board of Goldman Sachs, was an early investor, became a partner, and served on Solamere’s investment committee. Consider Filing Your Tax Return Early, Opinion: We’ll Have Herd Immunity by April, Opinion: Big Labor May Save New York From AOC’s Socialism, Opinion: Seeing Red and Feeling Blue: America’s Rotten National Mood, United Flight Scatters Debris Over Colorado, Biden Declares a Major Disaster in Texas, Triggering Aid, Tesla Quality Issues Threaten Its Dominance in China EV Market, NASA Releases New Color Images of Perseverance Rover Landing on Mars, Clubhouse and Twitter Spaces Explained in Clubhouse and Twitter Spaces, News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. EASTWARD CAPITAL PARTNERS, LLC. In the last days of the 2012 campaign, several liberal good-government groups and unions sent a complaint to the US Office of Government Ethics charging that the financial disclosure form Romney had filed as a presidential candidate was not in compliance with federal law because, in part, it did not list Solamere’s holdings. Former House Speaker Paul Ryan will serve as chairman of a vehicle known as Executive Network Partnering Corp., which will seek to raise roughly $300 million in an initial public offering. Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. Report this profile; Activity. Help Mother Jones' reporters dig deep with a tax-deductible donation. Co-Founder, Managing Partner at Solamere Capital, LLC Greater Boston Area 500+ connections. Salaries posted anonymously by Solamere Capital employees. Solamere Capital represents a collection of families and influential business leaders leveraging their broad networks and industry expertise to invest strategic capital in companies and GP partnerships. PBS NewsHour/Flickr. Their investment picks are their secret sauce, and many of their investors might prefer being unnamed. An SEC-registered As an active trader in some of the world's most competitive markets, MWD is committed to responsible market participation. By signing up, you agree to our privacy policy and terms of use, and to receive messages from Mother Jones and our partners. Might the companies and private equity firms Solamere invests in have an interest in lobbying a future Romney administration? Brigham Young University. Prior to joining Spire, Brad was an Associate at Solamere Capital, a private equity group focused on middle market investments. Solamere is headquartered in Boston, Massachusetts.-----Solamere Capital is a private equity firm. He is a director of Fox Corp., which shares common ownership with Wall Street Journal parent News Corp .