Maverix closes inaugural fund at $500m
The Toronto-based private equity firm founded by OMERS Ventures Founder John Ruffolo recently close its debut fund, Maverix Growth Private Equity Fund I, at its hard cap of $500 million.
Mark Maybank, former Canaccord Genuity Corp. president and COO, and Ruffolo both bring an interesting pedigree to Maverix Private Equity, which was formed earlier this year to invest in technology-enabled growth and disruption. Maverix targets North American companies with rapidly growing revenue and evidence of a profitable business model. Its target check size is expected to average $50 million for meaningful minority positions in portfolio . . .
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