Print
Email
Print Edition Stories
Companies born in the recession
Following the Clean Energy Council Fellows
Flash Slideshow: Mass High Tech All-Stars Thought Leadership Roundtable
Solamere Capital has tapped former Wal-Mart (NYSE: WMT) CEO Lee Scott as an operating partner and a member of the Lexington-based firm’s investment committee.
Lexington-based Solamere, co-founded in 2008 by Taggart Romney, the son of former Massachusetts governor and 2008 presidential candidate Mitt Romney, has raised $200 million to invest directly in growth equity, and as a fund-of-funds in private equity and venture capital funds.
Taggart Romney founded the firm with Eric Scheuermann and Spencer Zwick. Zwick was campaign finance manager on Mitt Romney’s 2008 presidential campaign. Scheuermann is a partner at the New York-based private equity firm Jupiter Partners LLC. Former JW Childs CFO Allan Dowds joined Solamere as CFO in October.
According to a press release emailed by Solamere yesterday, Scott will assist in evaluation of investment opportunities and growth of the firm’s portfolio companies. The firm has not yet made any direct investments, a spokesman said.
Scott, who joined Wal-Mart Stores Inc. in 1979 as an assistant director, became president and CEO in 2000, stepping down in February, 2009. He remains chairman of the executive committee of Wal-Mart’s board of directors.
RSS Feeds
Comments
Please Login/Register to post comments.
No comments have been added or approved.