Evovest, a Montreal-based investment management firm, has secured a minority investment from Walter Capital Management. The deal marks a strategic move into AI-powered portfolio management, though financial terms remain undisclosed. Founded in 2017, Evovest leverages machine learning and artificial intelligence to optimize asset allocation strategies.

The investment reflects growing institutional interest in quantitative investment platforms. Carl Dussault leads Evovest as founder and CEO, steering the company’s focus on delivering algorithmic portfolio solutions. While the funding amount is private, the partnership signals confidence in Evovest’s technology-driven approach to modern asset management.

With Walter Capital expanding its footprint in fintech and alternative investments, this minority stake positions Evovest as a key player in the convergence of AI and finance. The deal underscores how boutique firms are capitalizing on machine learning to compete with larger rivals.