Solamere Capital

Mitt Romney will join son Tagg Romney’s Boston-based firm Solamere Capital in a part-time capacity and will not participate in fundraising, according to a report.

Mitt Romney will join son Tagg Romney’s Boston-based firm Solamere Capital in a part-time capacity and will not participate in fundraising, according to a report.

Trending on peHUB this week: New Mountain Capital, Moore Capital, MC Credit, the Midas List, Great Hill, Solamere Capital, Tumblr, TCV, Iconiq Strategic Partners, Union Square Ventures, Spark Capital, and job openings at Goldman Sachs, Microsoft and Thomvest.

Solamere Capital, the private equity fund-of-funds and co-investment firm co-founded by Mitt Romney’s eldest son, Taggart Romney, has begun raising its second vehicle, Solamere Capital Fund II LP, according to a government filing. The filing indicates that the new fund carries a $250 million target.

Four months after losing the presidential election to Barack Obama, Mitt Romney is joining his son’s investment firm, Solamere Capital, sister news service Reuters reported, citing a Romney adviser.

The firm, founded by Tagg Romney, has hired Lee Scott, former CEO of Wal-Mart, as an operating partner.

Matt Blunt, the outgoing governor of Missouri, will advise Solamere Capital. The nascent firm, co-founded by one of Mitt Romney's sons, is raising a $200m debut fund. Romney was a co-founder of mega-buyout firm Bain Capital.

Smith Point Capital was founded by CEO Keith Block, former co-CEO of Salesforce, together with software industry executives and investors Burke Norton and Chris Lytle.

In Second Opinion, a private equity firm is close to acquiring a piece of the New York Yankees, Trump picks Christopher Wray to be FBI director and SpaceX wins a contract to launch a secret Air Force space plane.

In many countries, the lines between the private equity world and politics are often blurry.

A growing number of limited partners want their private equity investments to do more than make money. They also want them to do good.

New York City Comptroller Scott Stringer recently hired Scott Evans, a 27-year veteran of the Teachers Insurance and Annuity of America-College Retirement Equities Fund as chief investment officer at an annual salary of $224,000. While a nice salary relative to conventional white-collar jobs, the compensation is not competitive compared to the private financial sector.

Traeger Pellet Grills, which is backed by Trilantic, said Friday that it has appointed Jeremy Andrus as CEO. Previously, Andrus worked at Skullcandy where he most recently served as president and CEO. Headquartered in Wilsonville, Oregon, Traeger Pellet Grills is a producer of wood pellet grills, wood pellets, sauces & spices, and grilling accessories.

As you scan the pages of this august publication, dear Reader, First Round knows just what you’re thinking. Oh yes. You’re thinking: gosh, I miss seeing Mitt Romney’s tanned and chiselled features on these pages every single cotton-picking month without fail. What’s that? Oh.

Wilson Electronics said on Wednesday that it has been acquired by Sorenson Capital. Solamere Capital was a minor co-investor. No financial terms were disclosed. Also, Sorenson Capital Managing Directors Fraser Bullock and Tim Layton join Wilson Electronics’ board of directors. Based in St. George, Utah, Wilson Electronics is a provider of wireless communication services.