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Mitt Romney Joining Son’s PE Firm

(Related: “Solamere Shows Power Of Big-Name LPs,” May 24, 2010)

Romney, last year’s Republican presidential nominee, will serve as chairman of the executive committee at Solamere Capital, said the adviser, who asked not to be identified. A formal announcement is expected later this week. The move was first reported by NBC News.

Romney’s son, Tagg Romney, co-founded Solamere in 2008 with Eric Scheuermann and Spencer Zwick, Mitt Romney’s finance chairman in his 2008 and 2012 presidential campaigns.

Mitt Romney co-founded the private equity firm Bain Capital before serving as Massachusetts governor.

Edith Honan and Timothy McLaughlin are journalists for Reuters, Honan in New York, McLaughlin in Boston.