Thoughts on Solamere Capital?
Has anyone heard anything about them? They seem pretty interesting but not much more info about them online
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Career Resources
My interactions are extremely dated (+5 years ago), so take this with a grain of salt, but found them to be borderline clowns and pretty weird in terms of fund dynamics. The two funds they've raised are not very large with long periods in between (i.e., never seemed to be very active) and pretty sure the other two non-Romney founders are just Tagg's buddies. Didn't really seem to be any legit PE experience at the top, but looks like the firm has stuck around and headcount has grown, so there must be something keeping it going.
Smart enough to know there's three founders, but not willing to click the "team bio" page? I worked there and fund returns were incredible. **Now in post-MBA glory but can't bother to change WSO title**
ERIC SCHEUERMANN
CO-FOUNDER & MANAGING PARTNER
Eric has 24 years of experience leading direct private equity investments. He has overseen investments and acquisitions of over 100 companies, and has served on numerous Boards of Directors. Prior to founding Solamere in 2008, he was a Partner at Jupiter Partners. As partner, he sourced, led and served on the Board of three investment platforms that generated an 8.5x return on invested capital, which is fully realized.
Prior to becoming a principal investor, Eric was an Engagement Manager for McKinsey & Company. He worked with a number of private equity firms on their investments - helping to conduct due diligence on potential acquisitions, and also helping with strategy and growth initiatives at their portfolio companies.
Prior to joining McKinsey, he was a private equity attorney at Latham & Watkins, where he represented The Carlyle Group, The Blackstone Group and other private equity funds in numerous acquisitions, sales, recapitalizations, bank loans and credit facilities, high yield issuances, and IPOs and other capital market transactions.
Prior to Latham & Watkins, Eric was selected as one of three law clerks to Chief Justice William H. Rehnquist of the U.S. Supreme Court (1991-92), and as one of three law clerks to Chief Judge J. Clifford Wallace of the U.S. Court of Appeals for the Ninth Circuit (1990-91).
He graduated magna cum laude from Harvard Law School, where he was an Editor of the Harvard Law Review. He graduated summa cum laude and Valedictorian of the undergraduate College of Business at the University of Notre Dame.
He is a Certified Public Accountant, and a member of the Bars of the District of Columbia and Pennsylvania.
Mind elaborating on other aspects of the firm?
wait so the only direct PE experience he had were 3 platforms that generated an 8.5x ROI? So he’s not that experienced in direct PE investing or he’s being extremely selective with the deals / returns in his bio…
Lol is this RH? Where you working these days?
Any updates on this firm, culture and comp?
Bump, have heard mixed things
Any insights on comp here?
Interested as well
I interviewed there. Nice people. Small firm. Don’t have a ton of investments. Their NYC bullpen is like 4 people.
Any insight on how WLB was?
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