# Maxus Capital

Maxus Capital is a Private Equity based in Nazareth, Belgium.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Nazareth, Belgium
- **Region:** Europe
- **Address:** Sluis 2D box 203, 9810 Nazareth-De Pinte, Belgium
- **Founded:** 2022
- **Assets under management:** Undisclosed
- **Website:** www.maxus.capital
- **LinkedIn:** https://www.linkedin.com/company/maxuscapitalfund

## Regulatory record

- **Reports private funds:** No

## About

Maxus Capital is a private equity firm that goes beyond fund investing by leveraging its ecosystem through co-investments and secondaries. It targets hard-to-access, emerging fund managers in the small and mid-cap market across Europe and the US, with additional activity in co-investments and GP/LP secondaries. The firm is backed by a selective ecosystem of investors and brings expertise across technology, software, business services, energy and renewables, and healthcare.

## Sectors

- Enterprise Software
- Business Services
- Energy Transition & Renewables
- Healthcare Services
- Technology

## Offices

- London, United Kingdom

## People

- Carl Grysolle — Founder
- Paul Jr. Thiers — Founder
- Jack Whatton — Investment Team
- Matthias Verhamme — Investment Team
- Ruben Clerebaut — Investment Team
- Karel Leys — Investment Associate
- Marie Lannoy — Investment Team
- Miguel Maertens — Investment Analyst
- Alec Janssens — Investment Analyst
- Elise Carton — Head of Finance & Operations
- Nasos Vagenas — Fund Administration Lead
- Elise Van de Voorde — Finance Manager
- Lara Billiet — Operations
- Oscar Liégeois — Recruitment Contact

## Questions

### How does Maxus Capital source and select the fund managers it backs?

Maxus targets hard-to-access, emerging small and mid-cap buyout fund managers across Europe and the US. The firm combines institutional due diligence with the operational network of its 35 entrepreneur-backers, many of whom are unicorn founders. This community helps source opportunities, evaluate managers, and support portfolio companies post-investment.

### Does Maxus only commit to primary fund investments, or does it pursue other transaction types?

Maxus invests across three channels: primary fund commitments to small and mid-cap buyout managers, direct co-investments alongside those managers, and secondary transactions. The firm states it looks to double down on the most promising investments of trusted fund managers through co-investment.

### What is Maxus Capital's geographic and sector focus?

The firm targets an equal EU/US split. Sectors include technology, software, business services, energy and renewables, and healthcare, drawing on deep expertise from its investor network across these areas.

### Who runs investment decisions at Maxus Capital?

Founders Carl Grysolle and Paul Jr. Thiers lead the investment team alongside Jack Whatton, who heads the London office and previously led European venture fund investments at Legal & General. The broader investment team includes professionals with backgrounds at Lazard, Bencis Capital Partners, PMV, and Candriam.

### How is Maxus Capital related to Thinc.Capital?

Co-founder Paul Jr. Thiers shaped the private equity strategy of his family office Thinc.Capital before launching Maxus. Seeing untapped potential for family offices to access private equity beyond their core sectors and geographies led him to co-found Maxus as a distinct platform.

### What is Maxus Capital's known posture on co-investments alongside external GPs?

Maxus actively participates in direct co-investments with the GPs it backs. The firm positions itself as an active investor eager to double down on the most promising opportunities identified by fund managers it trusts.

### Where does the underlying capital at Maxus come from?

Maxus is backed by a selective ecosystem of 35 investors, described as leading entrepreneurs and unicorn founders primarily from Belgium and the Netherlands. The firm does not publicly disclose total AUM or the individual wealth sources of its backers.

## Related profiles

- [Maxpro Venture](https://altss.com/profile/maxpro-venture)
- [Max Ventures](https://altss.com/profile/max-ventures)

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Last updated: 2026-08-11T15:07:26.757Z

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