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Sagard announces launch of Sagard AI Fund, a US$150M venture capital fund focused on AI companies

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Overview

Client

Sagard Private Equity Canada (SPEC), Investissement Québec (IQ) and BDC Capital

On May 20, 2026, the Sagard AI Fund, a US$150 million closed-end venture capital fund focused on companies in the artificial intelligence (AI) sector, was established to support companies accelerating the adoption of AI across financial services and other key sectors globally.

The Fund has been established to provide the investors with:

  • Access to global AI market intelligence, including insight into leading AI‑first companies across sectors and geographies.
  • Structured strategic engagement, enabling commercial partnerships, pilot initiatives, and real‑world application opportunities across the group.
  • Potential for incremental investment opportunities in companies demonstrating strong strategic alignment.
  • Attractive long‑term return potential, supported by a disciplined and diversified AI investment approach.
Fasken advised Sagard on this transaction with a team consisting of Jonathan Halwagi, Bianca Arrelle-Petit and Philippe N'Djoré Acka.

Jurisdiction

  • Québec

Team

  • Jonathan Halwagi, Partner | Fund Formation, Montréal, QC, +1 514 397 5226, [email protected]
  • Bianca Arrelle-Petit, Associate | Fund Formation, Montréal, QC, +1 514 397 4311, [email protected]
  • Philippe N'Djoré Acka, Associate | Corporate/Commercial, Montréal, QC, 1 514 397 5224, [email protected]
Jonathan Halwagi, Partner | Fund Formation Jonathan Halwagi Partner | Fund Formation Montréal, QC +1 514 397 5226
Bianca Arrelle-Petit Bianca Arrelle-Petit Associate | Fund Formation Montréal, QC +1 514 397 4311
Philippe N'Djoré Acka Philippe N'Djoré Acka Associate | Corporate/Commercial Montréal, QC 1 514 397 5224