Portage Announces US$600M Final Close of Ventures Fund IV (opens in a new tab)
Portage says Ventures IV closed at roughly US$600M, as the platform reports US$7.0B in AUM and more than 140 portfolio companies.
Growth & Venture Capital
Sagard's Toronto-based global fintech investment platform, spanning venture, growth equity and secondaries.
Portage, the brand Sagard now uses for its fintech investment platform (the site footer still reads Portage Ventures), invests only in financial technology and financial services companies. Its Portage Ventures funds back seed to Series B companies with cheques of about US$1M-30M, while Portage Capital Solutions writes US$30M-150M growth and structured equity cheques; it also manages a secondaries continuation vehicle. In Canada it works from Toronto (where the CEO is based) and Montreal and backs Canadian fintechs such as KOHO and nesto, alongside offices in New York, London and Paris.
3 interview reports0 open roles4 deals5 people24 sources
Early-stage fintech funds investing from seed to Series B, with cheques of roughly US$1M-30M; the fourth fund closed at about US$600M in September 2026.
Growth and structured equity in fintech and financial services companies globally, with cheques of roughly US$30M-150M, often minority stakes (e.g. Xceedance).
Secondary and continuation-vehicle strategy, including a US$280M continuation vehicle of former Point72 Ventures fintech assets managed by a Portage affiliate.
A team of 20+ fintech specialists that makes commercial introductions for portfolio companies (800+ in 2025, per the firm) and publishes investment theses.
| Toronto | ON | headquarters |
| Montreal | QC | office |
New York · London · Paris
Powered by
From the inside
Reasons that work in interviews
3 reasons for Portage
Venture interviews test sourcing and judgement rather than technicals. Bring a company they have not invested in and explain why you would back it, then name a portfolio company of theirs you find interesting and why. That does more than any structural reason.
Global fintech specialist rather than a generalist fund, so the thesis is defined and you can engage with it directly.
Backed by a large Canadian financial group, which gives both permanent capital and genuine industry access for portfolio companies.
Invests across stages and geographies from a Canadian base.
Unlock the full insights for Portage: every round, the topics tested and what candidates experienced
Interview prep
How juniors get in
Runs paid term-based investment internships in Toronto (watch Sagard's Workday board), has converted an intern into a full-time analyst, and hires associates with 2+ years of VC/growth or banking/consulting plus startup experience.
Green: evidence it does. Struck through: evidence it doesn’t. Dashed: no public evidence either way.
Each row is a start season; the bars are when you apply. The track starts this month, so how far right a bar sits is how far off it is.
Co-Founder & Chief Executive Officer, Portage
Leadership (Toronto)
Co-founded Portage and leads the platform from Toronto; he is also a Managing Partner and Management Committee member at Sagard. He earlier founded and ran Horizons Exchange Traded Funds, was a founding investor in Australia's BetaShares, worked in JPMorgan's derivatives group in New York and started in investment banking at CIBC World Markets. McMaster B.Eng. and B.A.
General Partner & Co-Head, Portage Ventures
Portage Ventures (New York)
Joined Portage in 2016 and runs the Portage Ventures investment team in North America, focusing on consumer fintech, embedded infrastructure, payments and crypto. Before Portage she led the team that built a large Canadian digital advice platform, and earlier worked at Boston Consulting Group. Canadian, now based in New York; Queen's B.Comm.
General Partner & Co-Head, Portage Capital Solutions
Portage Capital Solutions (Toronto)
Joined Portage in 2022 to co-lead the Capital Solutions fund's growth and structured equity investments in fintech and financial services. She spent over a decade at CPP Investments, latterly as Managing Director and Head of Capital Solutions, after corporate/M&A law at Linklaters in London and an M&A start at BMO Harris Nesbitt. McGill B.Com, Harvard JD, CFA.
.png)
General Partner & Co-Head, Portage Capital Solutions
Portage Capital Solutions (New York)
New York-based co-head of Capital Solutions who joined Portage in 2022. He previously led private and structured equity investing for PIMCO's alternatives business as a Senior Portfolio Manager, and earlier was on the investment teams at Bain Capital and Pine Brook Partners. Emory graduate.
General Partner, Portage Ventures
Portage Ventures (Toronto)
Toronto-based General Partner who joined Portage in 2017 and invests in early-stage fintech globally. He was previously an Associate at Mithril360 (an affiliate of Mithril Capital Management) and earlier worked in KPMG's deal advisory practice. Waterloo B.Sc. and M.Acc.; CPA, CA.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
Jan 14, 2026
Tripp ShrinerHire
General Partner
Point72 Ventures → Portage
Joined Portage as a General Partner as part of the Point72 Ventures continuation-vehicle deal, to oversee the vehicle and contribute to Portage's wider investing.
Jun 11, 2026
KOHO
Existing investor (participant) · Consumer fintech / banking
Buyer Mubadala, Savano Capital and others; existing investors including Portage Ventures
KOHO raised C$130M at a C$1.33B valuation to build the capital base for a federal bank licence application; Portage Ventures took part as an existing investor.
Jun 10, 2026
nesto
Existing investor (participant) · Mortgage technology
Buyer La Caisse, Fidelity Investments Canada funds, PICTON, Endeavor Catalyst and existing investors including Portage
Montreal's nesto closed a C$302M Series E (primary and secondary) at a C$1.47B valuation; Portage participated again as an existing investor.
Jan 14, 2026
Select Point72 Ventures fintech portfolio assets (PPCVI continuation vehicle)
General partner / manager of continuation vehicle · Fintech (secondaries)
Buyer Continuation vehicle led by Goldman Sachs Alternatives, managed by a Portage affiliate · Seller Point72 Ventures
Portage took over management of selected Point72 Ventures fintech holdings, moved into a US$280M continuation vehicle with a Portage affiliate as general partner. Goldman Sachs Alternatives led the investment, and Portage also agreed to oversee some assets that stayed with Point72.
Oct 14, 2025
Xceedance
Investor (minority growth equity) · Insurance services and technology
Buyer Portage Capital Solutions
Portage Capital Solutions made a minority growth equity investment in Boston-based Xceedance, its first institutional equity round, to fund AI-enabled products and insurance-services acquisitions.
Portage says Ventures IV closed at roughly US$600M, as the platform reports US$7.0B in AUM and more than 140 portfolio companies.
Portfolio company KOHO raises capital towards a Canadian bank licence.
A Goldman Sachs Alternatives-led continuation vehicle moves Point72 Ventures fintech assets under a Portage affiliate.
Minority growth equity investment in the insurance-services provider.
22
1
0
0
Portage · Sep 15, 2026 · portageinvest.com
Portage (reposted KOHO release) · Jun 11, 2026 · portageinvest.com
Portage (reposted nesto release) · Jun 10, 2026 · portageinvest.com
Portage · Jan 14, 2026 · portageinvest.com
Portage (reposted Xceedance release) · Oct 14, 2025 · portageinvest.com
Portage · Date unavailable · portageinvest.com
Portage · Date unavailable · portageinvest.com
Portage · Date unavailable · portageinvest.com
Portage · Date unavailable · portageinvest.com
Portage · Date unavailable · portageinvest.com
Portage · Date unavailable · portageinvest.com
Portage · Date unavailable · portageinvest.com
Portage · Date unavailable · portageinvest.com
Portage · Date unavailable · portageinvest.com
Portage · Date unavailable · portageinvest.com
Portage · Date unavailable · portageinvest.com
Portage (careers.portageinvest.com) · Date unavailable · careers.portageinvest.com
Sagard · Date unavailable · sagard.com
Sagard (Workday careers) · Date unavailable · sagardholdings.wd10.myworkdayjobs.com
Sagard (Workday careers) · Date unavailable · sagardholdings.wd10.myworkdayjobs.com
Portage · Date unavailable · portageinvest.com
Sagard (Workday careers) · Date unavailable · sagardholdings.wd10.myworkdayjobs.com
BetaKit · Sep 16, 2026 · betakit.com
Showing sources for the free preview. 1 further sources support the locked intelligence on this page.
Add your resume and BSO shows how you match Portage and the signals in your favour. BSO Pro adds how to position yourself, who to contact and the roles open at your level.
Get your planHave an upcoming interview with Portage?
How each round tends to run, what it keeps testing and where candidates lose it, from people who have sat it. Leave your name and we’ll reach out.
Winter 2027
Apply now
Posting open Sep to Oct; Interviews Oct to Nov; Offers Nov to Dec.Summer 2027
Apply now
Posting open Sep to Oct; Interviews Nov; Offers Dec.Fall 2027
Apply from May 2027
Posting open May to Jun; Interviews Jun to Jul; Offers Jul to Aug.Programs
Investment Intern · Toronto
Portage runs investment internships on its own careers board across summer and off-cycle terms — fall and winter intakes are posted as well as summer, and recent terms have run eight months. Portage sits inside Sagard, so postings appear on both boards.
Typical background
GuidanceOne prior internship: a boutique bank, a small fund, transaction services, or a pension co-op.
Large-cap platforms and global multi-strategy funds
Upper mid-market PE, infrastructure, the Maple 8 and large managers
Mid-market PE, mid-sized managers, domestic hedge funds and smaller pensions
Portage is hereSmall-cap private equity, boutique managers and early-stage VC
Where people go next
GuidanceApply now
Summer 2027
Apply now
Fall 2027
Apply from May 2027