TSX:POWInsurance
The Bull Case For Power Corporation of Canada (TSX:POW) Could Change Following Portage’s Move Into Secondary Fintech Asset Management
Portage Ventures, part of Power Corporation of Canada, has expanded into secondary fintech investments by taking over management of Point72 Ventures’ portfolio of around 40 mature fintech companies in a new US$280 million fund.
This move highlights Power Corp.’s push to grow its Sagard alternative asset platform and deepen its exposure to fee-based private-market fintech assets.
We’ll now examine how Portage’s move into managing secondary fintech assets could influence Power Corp.’s...