The Globe and Mail reports in its Thursday edition that alternative asset manager Sagard Holdings is enlisting BMO and Abu Dhabi-based sovereign wealth fund ADQ as equity partners to raise new funds. The Globe's James Bradshaw writes that ADQ and BMO are taking minority stakes in Sagard, controlled by the Desmarais family, and Great-West Lifeco, another company in the family's Power Corp. group, is increasing the size of its existing minority interest, which the life insurer acquired in 2021. Terms of the deal were not disclosed, but the three partner organizations are collectively injecting more than $100-million into Sagard, and have committed to provide up to $2-billion of capital to invest through Sagard over the next five years (all figures U.S.). After the transaction closes, ADQ and Great-West will hold roughly equal stakes, while BMO will be a smaller shareholder. Power Corp. will continue to have majority control. Sagard manages about $14.5-billion in assets, and has been building its investment presence across several alternative asset classes, including venture capital, private equity, private credit and health care royalties, for several years. Sagard wants to launch new investment strategies and products.