Leffell Family Office Considers Investment in Daily Telegraph

The Michael Leffell family office, Portage Partners, is reportedly exploring a possible investment in The Daily Telegraph, one of the UK’s most prominent and historically significant newspapers. Dovid Efune, owner of The New York Sun, is in exclusive talks to acquire The Daily Telegraph after emerging as the top bidder with over £550 million. Sources close to the negotiation reveal that Efune has sought backing from prominent financial entities, including Portage Partners, to support the acquisition. This potential partnership could signal a strategic move by Portage Partners to extend its reach into British media, reflecting the family office’s interest in high-profile, influential publications committed to independent journalism.

The Michael Leffell Family Office: Portage Partners

Portage Partners is a New York-based firm focused on identifying and managing various alternative funds and direct investments. Founded in 2010 as the family office of Michael Leffell, Portage Partners has grown into a distinguished investment platform serving a client base of active and semi-retired investors. Michael Leffell, the Managing Member of Portage Partners, also holds positions as Chairman of Canoe Intelligence and Founder and Chairman of 10 East, a platform designed for sophisticated investors to access private markets through co-investments. Before founding Portage Partners, Leffell spent over two decades at Davidson Kempner, where he served as Deputy Executive Managing Member until his retirement in 2010.

Article Source: The National News
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