TORONTO, Feb. 5 /CNW/ - Wellington Financial LP, a privately held specialty finance firm providing growth capital to Canadian and U.S.-based companies, today announced a $10 million debt financing for a Canadian-based fund management company.
"Providing growth capital financing is one of the cornerstones of Wellington's business model. This most recent transaction is further proof that Wellington Financial has the capital resources to meet the financial needs of companies from a variety of sectors of the economy," said Mark Usher, Partner at Wellington Financial LP. "Many Canadian and American CFOs prefer the flexibility of our term debt model, and we are delighted to be able to serve their needs."
Added Mark McQueen, President & CEO of Wellington Financial: "Wellington Financial has led almost $50 million of new financings over the past four weeks, and our team is delighted with the high quality of the opportunities we are seeing on both sides of the border."
Wellington Financial LP is currently managing a $450 million investment program via Wellington Financial Fund III, with offices in Toronto, Canada and Santa Monica, California. Since 2004, Wellington Financial LP has led or participated in more than $320 million in transactions, making it one of the most active funds of its kind in North America.
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 $40 million. Wellington Financial LP is currently managing a $450 million investment program via Wellington Financial Fund III, with offices in Toronto, Canada and Santa Monica, California. 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.
SOURCE Wellington Financial LP
For further information: For further information: Amy Olah, Marketing Manager, Wellington Financial LP, Tel: (416) 682-6002, firstname.lastname@example.org