Maverix Private Equity

Founder & Managing Partner John Ruffolo and Co-Founder & Managing Partner Mark Maybank lead the firm. The investment team includes dedicated partners covering growth, healthcare innovation, technology innovation, and talent, supported by an advisory board of Canadian founders and CEOs. Final decisions rest with the partnership.

Maverix is a growth-equity fund, not a family office or venture-capital firm. It raises discretionary capital on a fund basis and takes significant minority stakes in tech-enabled companies. Its model is unusual because the firm was founded by entrepreneurs and includes an active Advisory Board of operators who contribute deal flow and strategic guidance.

Maverix invests directly in companies through significant minority equity positions. The firm's website and public materials describe only direct growth-equity investing; there is no disclosed fund-of-funds or LP commitment program.

The firm enters at the growth stage, targeting companies with proven business models and average revenue between $10 million and over $100 million. It writes equity checks of $20 million to $100 million, typically for significant minority interests.

Maverix's disclosed themes — Smart Cities and Smart Enterprise — imply a negative screen on sectors outside tech-enabled infrastructure, enterprise productivity, digital health, and financial services. There is no disclosed presence in consumer brands, traditional manufacturing, hard-asset extraction, or biotech.

The firm cites access to a top-tier network across government, founder, and investor circles, along with cross-border relationships that enable proprietary sourcing. Its Advisory Board — including Jim Balsillie, Dani Reiss, and Wes Hall — provides a direct line into the Canadian and U.S. technology and consumer ecosystems.

Maverix does not disclose a separate philanthropic foundation or donor-advised structure. Advisory Board members such as Wes Hall run their own social initiatives, like the BlackNorth Initiative, but these are not part of Maverix's firm structure.