Paul Ryan joins Private Equity firm founded by Mitt Romney’s son

Paul Ryan, former Republican Speaker of the House and Mitt Romney’s Vice Presidential candidate in 2012, has joined Solamere Capital as a partner.

The firm was founded in 2008 by Utah Senator Mitt Romney’s son, Tagg Romney, along with co-founders Eric Scheuermann and Spencer Zwick.

Ryan said in an interview “For 20 years in Congress, I’ve been preaching the virtues of the free-enterprise system. The reason I’m joining Solamere is that I want to practice what I preach.”

The firm has raised about $360 million according to the Wall Street Journal and has more than $1 billion in assets.