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FUNDRAISING NEWS | December 16, 2024
Portage Ventures, the venture capital arm of multi-strategy alternatives asset manager Sagard, closed its maiden US capital solutions fund with $82.7M in total commitments.
Portage Capital Solutions US Fund I is part of the Portage Capital Solutions strategy, which launched in 2022 and invests in late-stage fintech and financial services companies, targeting investments of $50M to $300M. Portage raised $655M at the final close on its Portage Ventures III fund in July 2022, and the new fund secured commitments from 11 investors after making its first sale on November 27, according to a filing with the SEC.
Portage Ventures has more than $2.5B in AUM and operates out of offices in Toronto, Montreal, New York, Paris, and London. It has more than 65 companies in its portfolio, with investments spanning 13 countries.
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