Portage Expands Into FinTech Secondaries With Point72 Assets

Portage, the FinTech investment arm of Power Corp., closed a deal today to oversee Point72 Ventures' later-stage FinTech portfolio, transferring select assets into a $280 million USD continuation vehicle. Former Point72 partner Tripp Shriner joined Portage as a general partner, with Goldman Sachs Alternatives leading the CV financing and Point72 retaining a 40% stake. The move marks Portage's first formal secondary-investment strategy expansion.
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