Portage looking to raise up to $1 billion for a new structured equity fund that will focus on financing late-stage startups in the financial technology sector.
The global fintech investor’s new Portage Capital Solutions (PCS) Fund, which will be led by Co-Heads Daniel Ballen and Devon Kirk, will focus on structured opportunities in fintech and financial services companies globally and targeting investments over $50 million.
Portage believes PCS’ strategy is well-positioned to meet the demand for capital across all cycles in both public and private markets, whether for organic growth, M&A, or recapitalisations. PCS will leverage Portage’s existing platform, one of the largest global fintech specialist investment firms with over $3 billion in AUM, and benefit from its deep fintech experience, established sourcing network and proven value-creation expertise.
Read more: Private Equity Wire
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