Maverix Private Equity Chooses SS&C for Inaugural Fund Launch
SS&C Technologies Holdings (Nasdaq: SSNC) has been appointed as the fund administrator for Maverix Private Equity's inaugural growth equity fund. Maverix will leverage SS&C GlobeOp's comprehensive private capital fund services, including accounting and reporting. The fund aims for a hard cap of USD$500M and targets investments in North American companies with high growth potential. SS&C's expertise in the finance sector positions it well to support Maverix's ambition to build a leading private equity platform in Canada.
- Appointment as fund administrator enhances SS&C's service portfolio.
- Partnership with Maverix could lead to potential revenue growth from their USD$500M fund.
- None.
WINDSOR, Conn., April 14, 2021 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Maverix Private Equity has appointed SS&C GlobeOp as fund administrator for its inaugural growth equity fund.
Maverix will use SS&C GlobeOp's full suite of private capital fund services to support the Maverix Growth Equity Fund, including its fund accounting, investor services, reporting and data analytics. SS&C's Toronto team will oversee services for the fund. Maverix was founded in early 2021 by John Ruffolo and Mark Maybank.
"We aim to build a globally-recognized, industry-leading, Canada-based private equity platform, so we want to partner with the best. SS&C is one of the world's largest private equity administrators," said John Ruffolo, Managing Partner at Maverix. "SS&C's leadership position, combined with its cutting-edge technology, risk controls, cybersecurity and premium customer service will ensure that Maverix can grow its business with speed and agility, and provide top-tier reporting to our investors."
"We are pleased to partner with Maverix as they invest in Canada's growing industries," said Henry Toy, Managing Director, SS&C GlobeOp Canada. "SS&C has a long history of supporting Canada's private equity industry, and we are committed to delivering front-to-back solutions to help our customers grow."
About Maverix Private Equity
Maverix Private Equity is a Toronto-based private equity firm. It is led by an experienced and talented team with the background, network, and track record necessary to successfully execute on an investment strategy of technology-enabled growth and disruption. Maverix is currently investing out of its inaugural fund, the Maverix Growth Equity Fund I, with a USD
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.
SOURCE: SS&C
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SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
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SOURCE SS&C
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