SANTA MONICA, CA and TORONTO, ON, Oct. 22, 2013 /CNW/ - Wellington
Financial LP, a privately-held specialty finance firm, today announced
the closing of a US$2.5 million venture debt financing for a Southern
California-based software-as-a-service (SaaS) web platform company.
"Our True Growth Capital continues to appeal to some of the best
VC-backed software companies in California" said Eric Speer, Vice
President of Wellington Financial. "Partnering with Wellington
Financial will allow our newest portfolio company to continue to
provide effective marketing and web management tools to its more than
10,000 end users."
Since mid-2009, Wellington Financial's True Growth Capital™ has helped U.S. and Canadian-based entrepreneurs preserve and/or
create more than 5,100 jobs.
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 San Francisco, Santa Monica and Toronto.
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, crown corporations, financial
institutions and pension funds. 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) 682-6021