Solamere Capital related stories
All articles and analysis
Executive moves, week of Nov. 16, 2009Hires and personnel changes at Accel Partners, Solamere, PureTech and other PE and VC firms
- Ex-Wal-Mart CEO Lee Scott Joins Solamere Capital
Lee Scott, former president and CEO of Wal-Mart, has joined Solamere Capital as an operating partner and member of the firm's investment committee. He had joined Wal-Mart in 1979 as an assistant director in the company's logistics division, and served as president and CEO for nine years until leaving this past February.
- peHUB Wire: Tuesday, November 10, 2009
Tuesday Talkback
- peHUB Wire: Tuesday, November 10, 2009
Tuesday Talkback
- PE fund briefs, week of June 8, 2009
News snippets about the fund-raising activities of Solamere, Riverside and other PE firms
- Market wrap up: Welsh Carson lead fund-raising efforts
Buyout and mezzanine shops have now raised $27.7B year-to-date
- Tagg Romney’s Fund Nears Its Target
It’s been about a year since we’ve heard from Tagg Romney and his team at private equity firm Solamere Capital, but we should expect a fund closing announcement any day. In June 2008, Solamere Capital went to market with a $200 million target on its first fund, called Solamere Founders Fund I LP. A year later, the firm is closing in on that target, with $186 million in commitments from 39 investors, according to an SEC filing. Tagg Romney, the son of Bain Capital founder and one-time presidential candidate Mitt Romney, formed Solamere with a varied crew of co-founders. They include Spencer Zwick, the director of finance on Mitt Romney’s campaign, John Miller, the former CEO of National Beef Packing Co. and Eric Scheuerman, formerly of Jupiter Partners. The firm also hired Allan Dowds, the former CFO of J.W. Childs Associates.
- Numerous first-time buyout funds emerge
A number of first-time PE funds are in the market, trying to raise their inaugural funds during tough times