Alberta Enterprise invests in Portage Ventures III

Photo of author

By CPE News

CPE News Brief (6.2.2022) – Portage Ventures III LP has raised additional capital commitment from Alberta government owned Alberta Enterprise Corporation (AEC).

Portage Ventures III LP, together with its parallel fund and master funds, previously held its sixth close in March 2022, raising US $616 million in total capital commitments.

Portage Ventures III is expected to hold the final close in April 2022, and has yet to make an announcement on its final closing.

Portage Ventured III limited partners include Sagard Holdings Inc., Great-West Lifeco Inc., IGM Financial Inc., HarbourVest Partners, Kensington Capital Partners, Meridian Credit Union, Caisse de dépôt et placement du Québec (CDPQ), Public Sector Pension Investment Board (PSP Investments), Eldridge, AEC, and private investors.

Portage Ventured III is led by GPs, Paul Desmarais III and Adam Felesky.

photo credit: Portage Ventures