TORONTO, March 5 /CNW/ - Wellington Financial LP, a privately held
specialty finance firm, today announced that it has now led or participated in
over $200 million of transactions since inception, making it one of the most
active funds of its kind in Canada. Of this $200 million figure, over
$75 million in lead transactions were announced in the past six months via
Wellington Financial Fund III. In the past six months alone, industry sectors
have included security software, healthcare applications service provisioning,
immersive theatre entertainment, mobile content applications & distribution,
market research and wind power.
"We have been delighted by the response we've received in the
marketplace," said Mark McQueen, President & Chief Executive Officer of
Wellington Financial LP. "Entrepreneurs and their investors have told us that
our True Growth Capital model is the best vehicle to finance a growth company,
and the results speak for themselves."
"With $75 million in lead transactions over the past six months,
investors in our new fund are starting to see what this team is capable of,"
added Ken Rotman, Chairman of Wellington Financial LP.
Wellington Financial LP is currently managing a new $400 million
investment program via Wellington Financial Fund III.
About Wellington Financial LP
Wellington Financial LP is a privately held specialty finance firm
providing operating lines of credit from $1 million to $5 million; and term,
venture and amortizing loans up to $30 million. Wellington Financial LP is
currently deploying a $400 million investment program via its third fund. The
fund's clients vary in size and business model, but generally have current
year revenue of approximately $5 million. Wellington Financial LP is managed
by a partnership controlled by fund management and Clairvest Group Inc.
(CVG:TSX), who jointly have contributed a large financial stake to Fund III.
Limited partners include several of Canada's largest institutional investors,
crown corporations, financial institutions and pension funds. Please visit the
fund website at www.wellingtonfund.com, or the Wellington Financial team blog
For further information:
For further information: Amy Olah, Marketing Manager, Wellington
Financial LP, Tel: (416) 682-6002, firstname.lastname@example.org