Portage Finalizes $600M for Ventures Fund IV
Portage has announced the final close of its Portage Ventures IV fund at approximately US$600 million, marking a significant milestone in the firm's decade-long journey as a fintech-focused venture investor. With over US$7 billion in assets under management and more than 140 portfolio companies globally, Portage continues to expand across multiple investment strategies including Venture, Growth Equity, and Secondaries. The fundraise attracted new strategic Limited Partners such as Broadridge and Fifth Third Bank, underscoring growing confidence among financial institutions. Co-Founder and CEO Adam Felesky emphasized the ongoing transformation in financial services driven by AI integration and structural disruption across sectors like wealth management and banking. General Partner Stephanie Choo highlighted Portage's unique approach to supporting fintech founders with domain expertise and commercial networks. Portage operates as a platform within Sagard, an alternative asset manager with US$47 billion under management.
Topics: fintech fundraising growth equity investment platform