Solamere Capital

Co-founders Tagg Romney, Eric Scheuermann and Spencer Zwick lead the firm. Scheuermann has 24 years of direct private equity experience and previously oversaw platforms at Jupiter Partners that delivered an 8.5x return on invested capital, per the firm. Partner Scott Hutchins runs the sponsor-backed investment effort, while Paul Ryan joined as a Partner in 2021. Day-to-day execution is driven by a team that includes Principals Vaibhav Saraiya and Rob Polakoff.

Solamere’s primary sourcing edge is its strategic network of more than 200 current and former CEOs, senior executives and business owners who cover all major industries. Bill Duplisea, hired as Head of Business Development in 2020, manages family-office relationships and converts network contacts into actionable pipeline. The firm also backs sponsors through anchor LP commitments and co-investments, which creates additional origination touchpoints.

Solamere Capital is a multi-strategy private equity investment firm — not a single-family office. It was founded in partnership with Mitt Romney but has always operated as a committed-capital manager drawing from a broad 200+ investor base that includes families, business owners and senior executives across industries, per the firm’s website.

Solamere does both. The firm makes direct investments in operating companies — minority or majority — and also backs sponsors through individual co-investments, anchor commitments to commingled vehicles, and flexible co-investment capital. Scott Hutchins, who previously led the private equity program at Massachusetts’ $100 billion pension system, manages the sponsor-focused effort.

Solamere targets founder- and family-led businesses with EBITDA greater than $7 million. The firm describes itself as sector-agnostic in practice, with a stated appetite that spans advanced manufacturing, aerospace and defense, food and beverage, professional and residential services, transportation and logistics, environmental services, and infrastructure, among others.

Paul Ryan became a Partner at Solamere Capital in 2021 (per the firm). He concurrently serves as Vice Chairman of Teneo, a board member of Fox Corporation, SHINE Medical Technologies and Xactus, and sits on the advisory board of Robert Bosch GmbH. Ryan also chairs the American Idea Foundation, a non-partisan economic-opportunity nonprofit he launched in 2019.

Mitt Romney was a founding partner of Solamere Capital but stepped down from the firm in 2019 when he joined the U.S. Senate. The firm’s website states he is no longer involved in operations. The co-founders — Tagg Romney, Eric Scheuermann and Spencer Zwick — continue to lead the firm.