With its final close expected in April, the $616-million Portage Ventures III LP focuses on fintech investments in the United States, Canada and Europe. New Portage III investors include HarbourVest Partners and Meridian Credit Union, who join previous investors like the Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board. (The Logic)
Skip to content
With its final close expected in April, the $616-million Portage Ventures III LP focuses on fintech investments in the United States, Canada and Europe. New Portage III investors include HarbourVest Partners and Meridian Credit Union, who join previous investors like the Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board. (The Logic)
Talking point: The COVID-19 pandemic helped fuel the fintech fund’s rapid growth, as financial services companies have sought to tailor their wares to housebound clients. “The phenomenon of what we have seen in fintech is the compression of what people thought was the future in the next five to 10 years—all of a sudden happened in 12 to 24 months,” Portage CEO Adam Felesky told The Globe and Mail.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Online harms bill would give new regulator power to slap massive fines on AI, social media giants
Briefing
Cenovus’s Jon McKenzie says there’s no financial case for a new pipeline and major carbon capture
Ubisoft shuts down Winnipeg studio
Quebec invested over $760M in battery companies that eventually went under, report says
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
