{"id":17697,"date":"2019-12-03T15:00:54","date_gmt":"2019-12-03T20:00:54","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/caisse-psp-investing-in-fintech-venture-fund-139759"},"modified":"2019-12-03T15:00:54","modified_gmt":"2019-12-03T20:00:54","slug":"caisse-psp-investing-in-fintech-venture-fund","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/12\/03\/caisse-psp-investing-in-fintech-venture-fund\/","title":{"rendered":"Caisse, PSP investing in fintech venture fund"},"content":{"rendered":"<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"><img decoding=\"async\" loading=\"lazy\" width=\"316\" height=\"190\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2017\/11\/Fintech.jpg\" class=\"attachment-feature size-feature wp-post-image\" alt title=\"Caisse, PSP investing in fintech venture fund\"> <\/div>\n<\/div>\n<p class=\"byline\"><span>Staff<\/span>&nbsp;|&nbsp;December 3, 2019<\/p>\n<p>The Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec and the Public Sector Pension Investment Board are among several institutional investors committing $427 million in the final closing of Portag3 Ventures II, which is focused on early stage investments in the global financial technology sector.<\/p>\n<p>For Portage3, areas of focus for fintech companies include digital wealth management; insurance, personal and small business finance; and applications of enabling technologies like artificial intelligence in financial services.&nbsp;To date, the fund has invested in 17 companies.<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/caisse-taking-stake-in-fighter-pilot-training-company-cppib-in-latin-american-fitness-chain-139424\">Caisse taking stake in fighter pilot training company, CPPIB in Latin American fitness chain<\/a><\/strong><\/p>\n<p>\u201cPortag3 Ventures has become the largest fintech-focused VC fund in&nbsp;Canada&nbsp;and one of the leading Series A\/B fintech-focused funds globally,\u201d said&nbsp;Paul Desmarais III, co-founder and executive chairman of Portag3 and chairman and chief executive officer of Sagard Holdings, in a press release.<\/p>\n<p>\u201cPortag3 has a distinctive investment focus, and the investment and operational capabilities to deliver both strong financial and strategic returns to our LPs to drive continued change and disruption in financial services.\u201d<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/cppib-ontario-teachers-increase-positions-in-mexican-infrastructure-139282\">CPPIB, Ontario Teachers\u2019 increase positions in Mexican infrastructure<\/a><\/strong><\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/caisse-psp-investing-in-fintech-venture-fund-139759\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff&nbsp;|&nbsp;December 3, 2019 The Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec and the Public Sector Pension Investment Board are among several institutional investors committing $427 million in the final closing of Portag3 Ventures II,&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17697"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=17697"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17697\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=17697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=17697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=17697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}