Mitt Romney’s back in the private sector.
NBC News has confirmed that the failed Republican presidential candidate has joined his oldest son’s, Tagg, investment firm: Solamere Capital.
Romney possessed an office at the Boston-based firm since he lost the election in November, but became officially involved with the company at the start of this year, according to NBC sources.
Under his new title of chairman of the executive committee, Romney plans to work with the firm for one week a month, advising on matters of private equity. He is not planning on fundraising for the firm.
One of Romney’s major focuses during the campaign was his background in the business world, notably his founding of asset management company Bain Capital in 1984.
Romney was previously a limited partner in Solamere and top investors are expected to receive an email Thursday updating them on his new status.