Mosaic Private Equity

Every investment decision is made by the three shareholders: co-founders Paul Newton and Mike Rogan, alongside Paul Hogarth, who has been investing with the firm since 2007. There is no external investment committee. Newton focuses on engineering and financial-services deals, Rogan on financial services, SaaS, and food-and-beverage, and Hogarth contributes operating experience from his role as CEO of Tatton Asset Management plc.

No. Mosaic explicitly states it is not a closed-end LP fund. Each transaction is assessed on its own merits with bespoke funding arranged per deal, drawing on the founders' own resources and a select group of high-net-worth individuals who have built their own businesses. There is no fund-level performance pressure that forces individual asset sales on a fixed calendar.

The firm describes its approach as personal, hands-on, and long-term, with the principals directly involved in ongoing monitoring rather than relying on separate portfolio-monitoring teams. Because the shareholders invest their own money and keep the team small, each portfolio company gets continuous direct engagement from the decision-makers themselves.

Funding comes from three sources: the founders' personal resources, contributions from a small circle of high-net-worth individuals who have built their own businesses, and occasionally co-investments from other private equity funds on a deal-specific basis. This structure eliminates the need for a pre-raised blind pool and lets the firm size commitments flexibly within its stated £0.5m–£5m equity range.

The firm invests across buyout, expansion and late-stage growth, management buy-in, and management buyout transactions. Its investment flexibility is nationwide across the UK, and the lack of a fund-lifecycle constraint means it can support a management team through multiple stages of growth without a forced exit deadline.

The co-investor base is described as a select group of high-net-worth individuals who have all built their own businesses, rather than institutional limited partners. The firm does not publicly name these individuals. Separately, it occasionally syndicates with other private equity funds on a deal-by-deal basis.

The principals' specialist areas span engineering-related industrial investments, financial services, SaaS, and food-and-beverage/leisure assets. The firm's portfolio is described as diverse across multiple sectors, though it has published only a track-record overview and does not list current or exited holdings by name.