Sagard firm takes over management of select holdings in major portfolio transition
Sagard’s Toronto-based fintech investment firm Portage has finalized an agreement to take over management of select fintech assets from Point72 Ventures, expanding its role in the global financial technology investment landscape.
As part of the transaction, a US$280 million continuation vehicle backed primarily by Goldman Sachs Alternatives and a group of secondary investors will now be managed by a Portage affiliate acting as general partner. The deal also includes a separate services agreement under which Portage will oversee additional fintech assets held by Point72 Ventures that are not being rolled into the continuation vehicle.
The transaction is accompanied by a leadership transition as Tripp Shriner, formerly a partner at Point72 Ventures, joins Portage as a General Partner. In his new role, Shriner will lead oversight of the continuation vehicle and contribute to Portage’s broader fintech investment strategy.
“I’m thrilled to join Portage and continue supporting these exceptional founders,” Shriner said. “Portage’s deep expertise in financial technology, coupled with its global ecosystem and long-term perspective, creates an ideal environment for these companies to thrive. Together, we’ll continue advancing innovation across the fintech ecosystem.”
Portage CEO Adam Felesky said the agreement strengthens the firm’s position as a long-term capital partner in fintech and aligns with its value-creation approach to supporting growth-stage technology companies.
“This transaction underscores our confidence in the strength of this fintech portfolio and the potential synergies with Portage’s existing investments. Moreover, we think our value creation expertise will be a huge asset to these fintech companies as they continue to grow,” Felesky said.
Sagard chairman and CEO Paul Desmarais III described the transaction as an important step in Portage’s evolution, broadening its relationships with founders and institutional partners while reinforcing its commitment to backing transformative fintech businesses.
