Portage Ventures III holds additional close to bring fund size to over $420M

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By CPE News

CPE News (12.23.2021) – Portage Ventures III has held an additional closing bringing fund size to over US $420 million.

Sagard Holdings, Great-West Lifeco Inc. (TSX: GWO) and IGM Financial Inc. (TSX: IGM) have committed a combined US $66 million to fund III.

Fund III’s predecessor fund, Portag3 II, closed at CDN $427 million in 2019.

Fund III will continue to be led by Adam Felesky and Paul Desmarais III.

Portage is the venture platform of Sagard, a multi-strategy alternative asset manager.

photo credit: Portage Ventures