Toronto-based Portage Ventures has signed an agreement with New York’s Point72 Ventures to manage select fintech assets valued at nearly US$300 million. The portfolio will move into a continuation vehicle backed by Goldman Sachs Alternatives and secondary investors. Portage will serve as general partner, oversee additional Point72 assets, and add Point72 partner Tripp Shriner as a general partner managing the vehicle.
CEO Adam Felesky said the deal reflects confidence in the portfolio’s quality and Portage’s value-creation expertise. Co-founder Paul Desmarais called it a milestone expanding Portage’s global reach. Portage manages nearly US$6 billion across more than 100 companies worldwide.
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