Sagard spins up new $150-million USD AI fund

Montréal-based financial services conglomerate Power Corporation of Canada ( Power Corp ) is spinning up a new AI fund through its alternative asset management business, Sagard. Power Corp and two of its operating companies , Great‑West Lifeco and IGM Financial, announced a combined $150-million USD ($206 million CAD) investment into a new Sagard AI Fund on Wednesday morning. “Being a firm that stays in the status quo is not going to work in the future.” Paul Desmarais III, Sagard The fund will