Wellington Financial, LP, a Toronto, ON, Canada-based specialty finance firm providing growth capital to U.S. and Canadian-based companies, held the second closing of its fourth fund.
Wellington Financial Fund IV, which had attracted $177m of re-circulating equity commitments from Canadian institutional investors, pension plans and family offices (read here), added both a new institution and a new family office, bringing the total to $190m.
The fund will continue to finance private and public companies with a demonstrated customer following, talented management, proven growth opportunities and committed institutional investors.
Managed by a partnership controlled by fund management and Clairvest Group Inc. (CVG:TSX) and led by Mark McQueen, President and Chief Executive Officer, and Ken Rotman, Chairman, Wellington Financial provides term, venture and amortizing loans up to $30 million. The firm has offices in Toronto, Canada, and Santa Monica, California.