Missouri governor to join private equity firm

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.

The outgoing governor of Missouri, Matt Blunt, is joining newly established US private equity firm Solamere Capital as a senior advisor.

Solamere was founded in June by Tagg Romney, son of Mitt Romney, founder of Bain Capital and former Massachusetts governor and US presidential candidate.

The firm is based in Lexington, Massachusetts and is targeting $200 million for its debut fund. Blunt was a early supporter of Mitt Romney's presidential bid and got to know the Romneys during the campaign, a spokesman for the governor said.

Other partners in the firm include Spencer Zwick, Romney's former national finance director, John Miller, chief executive of National Beef Packing Company and Eric Scheuermann, a partner with Jupiter Partners.

Mitt Romney co-founded Bain in 1984. The firm is ranked seventh in the PEI 50, a proprietary list of the world's largest private equity firms. Bain has raised a total of $17.3 billion in the last five years.

Little information about Solamere was available as of press time. The firm doesn't have a web site and calls to its listed phone number went unanswered Friday. Governor Blunt did not return a phone call as of press time.