Portage Announces US$600M Final Close of Ventures Fund IV

This Milestone Marks a Decade of Investing in the Future of Financial Technologies & Services

TORONTO, Sept. 16, 2026 /CNW/ -- Portage, a global fintech investment platform with US$7.0B¹ in assets under management, today announced the final close of Portage Ventures IV at approximately US$600M, cementing the firm's position as one of the world's leading fintech-focused venture investors.

This year marks Portage's tenth year investing in financial technology and financial services. Over the last decade, Portage has expanded from its flagship Venture strategy into a global platform spanning Venture, Growth Equity, and Secondaries, with more than 140 portfolio companies across North America, Europe, and beyond. The Portage Ventures IV fundraise also saw new strategic Limited Partners join the platform, including Broadridge and Fifth Third Bank, reflecting the growing conviction among leading financial institutions in Portage's approach. As Sagard's fintech investment platform, Portage's mission is to back founders building category-defining businesses across the financial services ecosystem, including wealth and asset management, banking, insurance, and payments.

"We founded Portage on the belief that financial services would undergo a profound technological transformation. Ten years later, that opportunity continues to expand as financial institutions modernize, new business models emerge and exceptional entrepreneurs build the technologies shaping the industry's future," said Adam Felesky, Co-Founder and CEO of Portage. "Wealth management is entering the same kind of structural disruption that transformed banking a decade ago. AI is being embedded into the core workflows of financial institutions at a pace we haven't seen before. The institutions that once moved cautiously are now investing rapidly in modernization, and the founders we back are building the infrastructure that makes that possible. Launching Portage Ventures IV reflects our continued confidence in this space and our commitment to the entrepreneurs leading its next chapter."

"Portage was built on a simple conviction: fintech has its own rulebook, and generic support won't give founders the edge they need to win. Over the past decade, we've combined deep domain expertise and a disciplined investment approach with the commercial networks and partnerships that take fintech founders further, faster," said Stephanie Choo, General Partner and Co-Head of Portage Ventures. "Portage Ventures IV reflects the strength of our team and the platform we've built over ten years alongside some of the most ambitious founders in financial services. As financial institutions modernize and technology reshapes the industry, founders need an investor who has mapped this terrain. That is the partner we have built Portage to be, and we look forward to continuing that work with the next generation of fintech founders."

Legal counsel was provided by Debevoise & Plimpton.

About Portage
Portage is a global investment platform focused on fintech and financial services with US$7.0B under management, 140+ portfolio companies, and 25+ investment professionals.¹ Our firm has offices in Canada, the United States, Europe, and the Middle East. Our team partners with ambitious companies across all stages, through Portage Ventures,  and Portage Capital Solutions, and our Secondaries strategy. We provide flexible capital and deliver a global network of investors, commercial partners, advisors, and value creation experts. Our dedicated value creation team provides portfolio companies with hands-on support in go-to-market, tech and cyber, business acceleration and M&A, and partnerships to accelerate their paths to success. With deep industry knowledge and entrepreneurial experience, Portage is committed to supporting the leaders who are reshaping financial services. Portage is a platform within Sagard, a global multi-strategy alternative asset management firm with US$47B under management².

For more information, visit www.portageinvest.com.

Disclaimer

¹ As of June 30, 2026. US$7.0B AUM includes Portage Ventures IV.

²Sagard's assets under management ("AUM") as of June 30, 2026

This press release may contain forward-looking statements, which reflect current expectations but involve risks and uncertainties. Actual results may vary significantly. Sagard disclaims any obligation to update these statements unless required by law.

Media contacts:

Portage Canada – [email protected]

Portage United States – [email protected]

SOURCE Portage