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Power Corporation, Great West and IGM Financial Announce Joint Investment in Sagard AI Fund
Power Corporation, Great West and IGM Financial Announce Joint Investment in Sagard AI Fund ...
About this update from Great-west Lifeco Inc.
[{"type":"text","content":"\n\n\nPower Corporation, Great West and IGM Financial Announce Joint Investment in Sagard AI Fund\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nMONTREAL and WINNIPEG, MB, May 20, 2026 /CNW/ - Power Corporation of Canada (\"Power Corporation\" or \"Power\"), Great‑West Lifeco Inc. (\"Great West\") and IGM Financial Inc. (\"IGM\"), today announced a combined US$150 million investment in the newly established Sagard AI Fund LP (the \"Fund\").\n\n\n\n\n\n\n\nThe Fund is a closed‑end investment vehicle focused on backing leading artificial intelligence (\"AI\") companies that are accelerating the adoption of AI across financial services and other key sectors globally.This investment forms part of a broader approach across the Power group to engage early and meaningfully with AI as a foundational technology— supporting long‑term growth, productivity gains, talent development, and enhanced client and advisor experiences.AI is increasingly expected to play a transformational role across insurance, wealth management, asset management, and retirement services. Through this investment, Power Corporation, Great West and IGM are strengthening their ability to remain informed and proactive as AI continues to evolve rapidly, while creating practical pathways to deploy AI‑driven solutions across their respective businesses.The Fund has been established to provide the Power group 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.Leveraging Sagard's expertise investing in transformative companies globally, the Fund is designed to combine capital deployment with active engagement, providin...