· Investment Strategies · 1 source · Updated · Verified
Portage Closes $600M Ventures IV — $7.0B Is Platform AUM, Not This Fund
Portage announced a final close of Portage Ventures IV at about $600 million on September 16, 2026. The firm’s $7.0 billion AUM as of June 30, 2026 already includes this vehicle. New strategic LPs named: Broadridge and Fifth Third Bank.
By Venture Capital Tracker Editorial
Portage announced a final close of Portage Ventures IV at approximately $600 million on September 16, 2026. The number that will get copied wrong is $7.0 billion — that is platform AUM as of June 30, 2026, and the release says it already includes this fund. Sagard, the parent, is $47 billion AUM on the same date. New strategic LPs named: Broadridge and Fifth Third Bank. There is Last verified September 17, 2026**. Source: PR Newswire.
A specialist fintech venture book closed at $600 million in a year when generalists crowded into AI. Do not file it as $7 billion of new venture capital.
Five-minute decision
| If you need… | Verdict |
|---|---|
| What happened | Final close. Ventures IV ~$600M. Sep 16, 2026. Tenth year of the platform. |
| What $7.0B is | AUM after including this vehicle, as of June 30, 2026. |
| What $47B is | Sagard parent AUM, same date. Not Portage, not this fund. |
| Mandate | Fintech / financial services: wealth, banking, insurance, payments (firm). |
| Named new LPs | Broadridge, Fifth Third Bank — strategic LPs, not portfolio companies. |
| Directory | No. Do not invent /fund/portage. |
Investigate further when: you want a dedicated fintech check and can live without a Tracker directory page.
Wait or pass when: you treat $7.0B or $47B as Ventures IV, or add Portage’s Growth Equity and Secondaries sleeves into this $600 million.
What closed
| Field | Detail |
|---|---|
| Firm | Portage — Sagard’s fintech platform. Offices in Canada, US, Europe, Middle East. Site: portageinvest.com. |
| Vehicle | Portage Ventures IV · ~$600M · final close · Sep 16, 2026 |
| Platform AUM | US$7.0B as of Jun 30, 2026 · includes Ventures IV (footnote 1) |
| Parent | Sagard US$47B AUM as of Jun 30, 2026 (footnote 2) |
| Book | 140+ portfolio companies · 25+ investment professionals (firm) |
| Other sleeves | Ventures, Capital Solutions (growth equity), Secondaries — not this close |
| Counsel | Debevoise & Plimpton |
| Spokespeople | Adam Felesky (co-founder/CEO); Stephanie Choo (GP, co-head of Portage Ventures) |
The release is a final close, not a first close with a remaining target. No check-size grid. No named portfolio companies in the wire — so this site cannot point to a Portage-backed startup the way Swish III points at Cognition, Wonderful, and Upwind.
Portage $600M vs Swish $250M vs BCV $1.6B
| Portage IV | Swish III | BCV XI | |
|---|---|---|---|
| Date | Sep 16, 2026 | Sep 3, 2026 | Sep 16, 2026 |
| Amount | ~$600M final | $250M | $1.6B |
| Job | Specialist fintech venture | Concentrated Seed / A | Multi-stage tech |
| Easy-to-botch number | $7.0B AUM | $800M AUM | $225B parent AUM |
| Directory | No | No | Yes |
TrueBridge Secondaries II is a $508 million secondaries vehicle. Portage also runs secondaries; this print is the venture sleeve only.
What remains undisclosed
No LP letter beyond the two strategic names. No prior Ventures III size in this wire. No deployment pace. No portfolio marks. $7.0B AUM is as of June 30 even though the close headline is September 16 — do not treat the AUM date and the close date as the same snapshot without the footnote.
Related: September 16–17 index · Swish $250M · BCV $1.6B.
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Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.
