TAGG ROMNEY FUND EARNS BIG RETURN

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eschwerin@rosemontseneca.com

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2012-05-01 11:05:52

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Hunter Biden <hbiden@rosemontseneca.com>

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TAGG ROMNEY FUND EARNS BIG RETURN - NYT's Michael Luo and Julie Creswell on pg. A1: "About a month after Mitt Romney ended his bid for the Republican presidential nomination in February 2008, his eldest son, Tagg, and Spencer Zwick, the campaign's top fund-raiser, met with a beef company executive who had been a major campaign donor over dinner at the posh Torrey Pines resort in San Diego. This meeting, however, was not about politics. Instead, the younger Romney, who had been a senior adviser to his father, and Mr. Zwick presented the executive, John R. Miller, with a business proposition: the opportunity to invest in a private equity fund they were starting, Solamere Capital. ... Two years later, despite a challenging fund-raising climate for private equity, Solamere ... blew past its $200 million goal, securing $244 million from 64 investors ... The firm has earned a 20 percent return since 2010, despite having invested only about half of its money so far."http://nyti.ms/ImyT9a

Eric D. Schwerin
eschwerin@rosemontseneca.com

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