SS&C wins fund admin mandate from start-up Canadian private equity firm

Mandate to include fund accounting, investor services, reporting and data analytics overseen by SS&C’s Toronto team.

By Jonathan Watkins

SS&C has been appointed by Maverix Private Equity as the fund administrator for its inaugural growth equity fund.

The Canadian-based private equity firm, founded earlier this year by John Ruffolo and Mark Maybank, will use SS&C GlobeOp’s full suite of private capital fund services to support the Maverix Growth Equity Fund.

The services include fund accounting, investor services, reporting and data analytics and will be overseen by SS&C’s Toronto-based team.

“We aim to build a globally-recognised, industry-leading, Canada-based private equity platform, so we want to partner with the best,” said Ruffolomanaging 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.”  

Ruffalo is also the founder of OMERS Ventureswhich has invested over $500 million of capital in over 40 disruptive technology companies across North America, including growth investments in Shopify, Wattpad, Hootsuite, Rover and more. 

The agreement follows a fund administration mandate won by SS&C in December 2020 from Mumbai-based private equity firm Kedaara Capital Advisors.

At Global Custodian’s Industry Leaders Awards 2020 SS&C picked up an award for Private Equity Onboarding, following their performance in our survey.

“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.”