Portage, a global investment firm specializing in fintech, has sealed a pact with Point72 Ventures to assume control over a selection of its fintech investments. This arrangement signals a strategic shift, enabling Portage to expand its influence in innovative financial services while providing continuity for high-potential startups. The core of the transaction involves relocating chosen assets into a newly formed continuation fund valued at $280 million, dubbed PPCVI.
An affiliate of Portage will serve as the general partner for this vehicle, ensuring hands-on oversight.
Funding for the fund was primarily driven by Goldman Sachs Alternatives, with additional backing from a group of secondary market participants.
Beyond the fund transfer, the two firms have established a separate services contract, under which Portage will handle ongoing management for specific assets that remain under Point72 Ventures’ ownership.
A key aspect of the deal is the recruitment of Tripp Shriner, who previously held a partnership role at Point72 Ventures. Shriner has transitioned to Portage as a general partner, where he will spearhead the PPCVI fund and lend his expertise to the company’s wider investment initiatives.
His move underscores the talent acquisition element of the agreement, bringing seasoned insights into fintech innovation. PJT Partners acted as the sole financial consultant to Point72 Ventures throughout the process, facilitating a smooth negotiation.
Portage, operating as the fintech arm of Sagard—a multifaceted alternative asset manager with more than $33 billion in assets under management as of late September 2025—claims a solid track record.
With over $5.7 billion in assets under its belt, the platform supports upwards of 115 companies across various growth phases.
Its operations span Canada, the US, Europe, and the Middle East, employing a team of more than 25 investment experts.
Through divisions like Portage Ventures and Portage Capital Solutions, the firm delivers adaptable funding, extensive networks, and specialized assistance in areas such as market entry, technology security, business scaling, mergers, and collaborations.
Executives from both sides expressed optimism about the partnership’s potential.
Shriner highlighted his enthusiasm for joining Portage, noting its extensive knowledge in financial tech and its worldwide support system as perfect for nurturing emerging companies and driving sector-wide progress.
Adam Felesky, Portage’s CEO, emphasized the deal’s alignment with their belief in the portfolio’s robustness and the opportunities for integration with current holdings.
He pointed out that Portage’s specialized support services could significantly aid these fintech entities in their expansion efforts, positioning the acquisition as a strategic win for accessing premium investments and bolstering their status as a go-to partner in the space.
Paul Desmarais III, who leads Sagard as chairman and CEO, described the transaction as a key step in Portage’s growth trajectory.
He stressed how incorporating this fintech collection enhances their global footprint, fosters deeper ties with entrepreneurs and backers, and advances their goal of supporting various financial technologies.
Strategically, this move cements Portage’s role as a versatile player capable of navigating diverse investment structures to benefit founders, institutions, and investors.
It not only broadens their asset base but also leverages synergies to accelerate value creation in an evolving fintech ecosystem.
While the announcement includes certain projections about future benefits, stakeholders acknowledge inherent risks and uncertainties that could influence outcomes, with no commitment to revise forecasts unless legally mandated.
This collaboration reflects broader trends in fintech consolidation, where established platforms like Portage are increasingly sought after for their stability and expertise amid market fluctuations.