Ruffolo Starts Growth Fund After Accident That Nearly Killed Him

Six months after being struck in a cycling accident that left him paralyzed from the waist down, tech investor John Ruffolo is launching a $500 million private equity fund to help Canadian companies.

Ruffolo’s firm, Maverix Private Equity, will target companies in the growth stage that are seeking to remain private as they expand globally, he said in an interview with Jon Erlichman of BNN Bloomberg Television.

The fund’s launch was delayed by the Covid-19 pandemic and then further by his September accident. Ruffolo was struck by a transport truck while riding his bicycle in the Toronto suburb of Markham, ...