Wellington Financial now offering Capital to U.S.-based Growth Companies



    TORONTO, Feb. 11 /CNW/ - Wellington Financial LP, a privately held
specialty finance firm, today announced that Wellington Financial Fund III is
now providing growth capital to U.S.-based companies. Wellington Financial
provides operating lines of credit, term, venture and amortizing loans up to
US$50 million. Target clients generally have trailing revenues in excess of
US$5 million. Wellington Financial specializes in term and operating loans for
companies focused in the knowledge-based sector of the economy, but also
provides traditional subordinated debt and "stretch senior" lending across
most industries. Founded in 2000, Wellington Financial is currently deploying
a US$400 million investment program via its institutional third fund.
    Earlier this year, Wellington Financial announced that it had raised an
additional C$24.1 million of limited partner commitments from two new
Canadian-based institutions, increasing Fund III to C$150 million in size.
Launched in late 2006, Wellington Financial's Fund III has led or participated
in 26 new financings, providing C$180 million of new capital to Canadian-based
companies.
    "There is no credit crunch at our firm," said Mark McQueen, President and
Chief Executive Officer of Wellington Financial. "In light of the challenges
in the North American capital markets, now is the right time to offer our True
Growth Capital(R) in the United States. Many American CFOs prefer our term
debt model to the traditional amortizing loan structure, and we are delighted
to now be able to serve their needs in their home currency."
    Added Mark Usher, Partner at Wellington Financial, "The vibrancy and
energy we experienced last week at the Florida Venture Forum speaks volumes
about the inherent opportunities in the U.S. market." Over the past few years,
Wellington Financial has financed companies in the portfolios of many
U.S.-based venture capital firms, including First Capital Group, Kodiak
Venture Partners, Insight Venture Partners, VantagePoint Venture Partners and
Woodside Fund. Over the next eight weeks, Wellington Financial will be
attending / sponsoring growth capital conferences in Atlanta, Boston, and
Raleigh.
    In 2008, Profit Magazine named Wellington Financial, along with
BlackBerry-maker Research in Motion, to the list of Canada's 100 fastest
growing companies. Also in 2008, six of the top eleven positions in the 2008
Deloitte Technology Fast 50(TM) were awarded to Wellington Financial portfolio
companies. Wellington Financial's corporate blog has been cited in many U.S.
publications over the past 12 months, including Barron's Magazine, Forbes
Magazine, The New York Times and The Wall Street Journal. In 2008, readers of
Canada's National Newspaper The Globe and Mail voted it one of the "Top 10
Business and Financial Blogs".

    About Wellington Financial LP

    Wellington Financial LP is a privately held specialty finance firm
providing operating lines of credit, term, venture and amortizing loans up to
US$50 million. Wellington Financial LP is currently deploying a US$400 million
investment program via its third fund. 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. LPs include
several of Canada's largest institutional investors, crown corporations,
financial institutions and pension funds. Visit the fund website at
www.wellingtonfund.com, or the team blog at www.wellingtonfund.com/blog.





For further information:

For further information: Amy Olah, Marketing Manager, Wellington
Financial LP, Tel: (416) 682-6002, aolah@wellingtonfund.com

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Wellington Financial LP

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