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