Thursday, June 19, 2008

Solamere Capital

Tagg Romney, son of former MA governor and Republican presidential hopeful Mitt Romney, is starting up his own private equity firm called Solamere Capital.

http://dealbook.blogs.nytimes.com/2008/06/17/romney-son-moves-into-private-equity/

It will be interesting to see if Tagg can be as successful as his father who started Bain Capital in 1984. It's going to be difficult to outshine his father, but Tagg has the same positive characteristics that his father has.

Joining Tagg in this venture is the talented Spencer Zwick, who was a Romney loyalist back in his Governor days as well as the National Finance Chairman during the Presidential Campaign. I wonder if this gives insight into whether the Romneys think McCain will pick him as VP. They might not think so. Certainly Zwick would be on Romney's VP staff.

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