Wellington Financial Holds First Close on Fund IV at $177.5M

Wellington Financial, a Toronto, Canada-based specialty finance firm providing growth capital to U.S. and Canadian-based companies, has held the first close on its Fund IV at $177.5m.

Wellington Financial Fund IV, which raised re-circulating equity, drawing commitments from Canadian institutional investors, pension plans and family offices, will provide term, venture and amortizing loans up to $30m to private and public companies with a demonstrated customer following, talented management, proven growth opportunities and committed institutional investors.

Led by Mark McQueen, President and CEO, and Ken Rotman, Chairman, the firm plans to open a second US office in Palo Alto later this year, which follows the one in Santa Monica, California, opened in November 2009.



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