TORONTO, Feb. 7, 2013 /CNW/ - Wellington Financial LP, a privately-held
specialty finance firm, today announced a $10 million venture debt
financing for an innovative network technology company. The company is
currently backed by several well-known Canadian and U.S.-based venture
"We are honoured to add another of Canada's most exciting technology
companies to our Fund IV portfolio," said Mark McQueen, President and
CEO of Wellington Financial LP. Since September 2012, Wellington
Financial has committed $24.5 million to Canadian-based, V.C.-backed
About Wellington Financial LP
Wellington Financial LP is a privately-held specialty finance firm
providing term, venture and amortizing loans up to $30 million.
Wellington Financial LP is currently managing a $600 million investment
program 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 the Fund. LPs include several of
Canada's largest institutional investors, pension funds, family offices
and crown corporations. Please visit the fund website at www.wellingtonfund.com, or the Wellington Financial team blog at www.wellingtonfund.com/blog.
SOURCE: Wellington Financial LP
For further information:
Wellington Financial LP
Tel: (416) 682-6007