About Us

Who We Are

Mosaic ETA is a lower-middle market private equity firm that provides financial investment and strategic support to high-performing, underrepresented individuals (e.g., women and people of color) in the process of identifying, acquiring, and operating small to medium-sized businesses.

Our advisors and limited partners include entrepreneurship-through-acquisition (ETA) luminaries such as TTCER (the founding team of Asurion, the highest returning search fund deal in history), Peter Kelly (ETA Lecturer at Stanford GSB & author of the Search Fund Study), multiple renowned search fund CEOs, and many of the most active ETA investors who’ve collectively invested in over 200 search-acquired companies over the course of 30+ years.

Meet the Team

Julien Ham-Ying

Julien Ham-Ying

Julien’s passion for supporting underrepresented groups was instilled by his father, who provides healthcare to low-income communities. After starting his career in healthcare investment banking and private equity, Julien pursued an MBA to expand pathways for diversity in high-impact careers. 

An alum of two of the largest national leadership development networks for people for color, Julien seeks to provide others the access & support that empowered him. Julien’s expertise includes healthcare investing, financial modeling, and due diligence.

Julien holds an MBA from Stanford GSB and a Bachelors of Arts in Economics and Spanish from Yale University.

Co-Founder & Managing Partner

Eduardo Zaldivar

Born to a Mexican immigrant mother who had no option but to start her own blue collar businesses to provide for her family, Eduardo has been passionate about entrepreneurship his whole life. 

A Founder of the Hispanic Search Network, Eduardo has experience both as a startup operator and as an investor in multiple asset classes, from early stage venture capital to software private equity. Eduardo’s expertise includes SaaS investing, technology implementation, and strategy consulting.

Eduardo holds an MBA from Stanford GSB, an MPA from Harvard Kennedy School, and a Bachelors of Science in Management Information Systems from Texas A&M University.

Co-Founder & Managing Partner

Why Now?

There are two powerful, intersecting trends that make this the perfect moment to launch Mosaic.

One, we’re on the verge of the “Silver Tsunami”, the largest wealth transfer in history, with Baby Boomers set to pass on nearly $10 trillion of value in business ownership over the next 20 years. And two, the field of ETA is at an inflection point - the number of searches launched tripled from 2013 to 2021 and has doubled again since. This combination creates a once-in-a-generation opportunity to empower underrepresented people through ETA while generating the outsized returns of the search fund model (aggregate IRR of 35% over 40+ years according to Stanford research).

Our Investors & Advisors