---
title: "Portage Closes $600M Ventures IV — $7.0B Is Platform AUM, Not This Fund"
description: "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."
date: 2026-09-17T00:00:00.000Z
source: https://venturecapitaltracker.com/2026-portage-ventures-600m-fund-iv
---

# 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.

**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](https://www.prnewswire.com/news-releases/portage-announces-us600m-final-close-of-ventures-fund-iv-302879710.html).

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](https://www.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](/2026-swish-ventures-250m-fund-iii) points at Cognition, Wonderful, and Upwind.

## Portage $600M vs Swish $250M vs BCV $1.6B

| | Portage IV | [Swish III](/2026-swish-ventures-250m-fund-iii) | [BCV XI](/2026-bain-capital-ventures-1-6b-fund-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](/fund/bain-capital-ventures) |

[TrueBridge Secondaries II](/2026-truebridge-secondaries-ii-508m) 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](/2026-september-16-17-investment-news-impulse-bcv-portage) · [Swish $250M](/2026-swish-ventures-250m-fund-iii) · [BCV $1.6B](/2026-bain-capital-ventures-1-6b-fund-xi).

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** September 17, 2026

**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.