Sagard to Open New Private Equity Fund for Retail Investors

Canada’s Sagard Holdings Inc. is starting a private equity fund for retail investors, the latest example of an alternative asset manager extending its reach beyond institutional investors and ultra-high net worth individuals.

Sagard, a unit of Power Corp. of Canada, will target Canadian accredited investors with at least C$1 million ($695,000) in financial assets or more than C$200,000 in annual income for the new product, called Sagard Private Equity Strategies LP.

Sagard launched a private credit fund for this investor segment last year; it had more than C$90 million under management as of November. The firm also manages a ...