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Power Corporation of Canada is an international management and holding company primarily focused on financial services across North America, Europe, and Asia. It maintains significant interests in various financial sector entities, encompassing insurance, wealth management, and asset management, offering a comprehensive range of financial solutions.
The company was founded on April 18, 1925, by stockbrokers Arthur J. Nesbitt and Peter A.T. Thomson. Their insight recognized the growing demand for residential and industrial power, prompting them to establish the company to acquire and manage public utility investments. This strategic focus progressively diversified over decades.
Power Corporation serves a broad customer base through its extensive financial services operations, delivering solutions in life and health insurance, retirement planning, and investment management. Its long-term vision emphasizes sustainable growth through responsible management and consistent, strategic investments, aiming for a leading position in the global financial services landscape.
Key people at Power Corporation of Canada.
Key people at Power Corporation of Canada.
Power Corporation of Canada has 2 tracked investments across 2 companies. The latest tracked deal is $538.6M Other Equity in Wealthsimple in October 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 30, 2025 | Wealthsimple | $538.6M Other Equity | Christian Jensen, Yong Cheen Choo | Greylock Partners, ICONIQ Growth, IGM Financial, Meritech Capital Partners |
| Dec 15, 2017 | Loot Financial Services | $3.0M Series A | Portage, Power Corporation OF Canada, Speedinvest | — |
