Mozaic Capital Advisors, a new independent service boutique firm focusing on secondaries market transactions for private equity, real estate and other alternative asset interests, has launched, according to a statement from the firm.
Boston-based Mozaic was started by Solomon Owayda and Christine Patrinos, who have established a strategic relationship with Monument Group, an independent alternative investment fund placement agent founded in 1994.
“We have watched the secondary market mature, gradually becoming an important opportunity for private equity limited partners to better manage their portfolios,” Owayda said in the statement. “After working within other leading organizations, we were convinced that this is the time to become an independent firm focused solely on these sophisticated and potentially complex transactions.”
Owayda was most recently a managing director and senior member of the investment team at Siguler Guff, helping chief investment officers of pension funds in the analysis and disposition of private equity partnership interests. Previously, he spent 12 years as the CIO of London-based SVG Advisors.
He has also worked for the California State Teachers Retirement System (CalSTRS) as the director of the alternative investments program, focusing on the investment of more than $2 billion to US and European partnerships. He also made the first secondaries investment for the program.
Patrinos was most recently a private equity consultant based in Boston, advising institutional clients on secondaries transactions, fund structuring and portfolio valuation. She has also worked for HarbourVest Partners, where she was a member of the investment team, investing in buyout, venture, credit, distressed and infrastructure fund managers.
Patrinos began her career at Citigroup in New York where she was a founding member of the infrastructure mergers and acquisitions practice, advising private equity clients, listed fund managers and alternative asset fund managers on multi-billion dollar acquisitions and divestitures.