After more than a year of fund-raising,
The Lexington, Mass.-based firm will hold a final close by the end of the month on a total sum of slightly greater than $200 million, according to a source familiar with the situation.
Solamere Capital formed in June 2008. A year later, the firm filed a Form D that showed $186 million in commitments from 39 investors to Solamere Founders Fund I.
Tagg Romney, the son of
The firm’s strategy, according to its website, is to identify private equity opportunities through the founders’ “unparalleled networks, business expertise, and access to compelling opportunities.”
The site explains that that includes direct buyouts, co-investments and fund-of-fund investments. —Erin Griffith