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.
For further information: Amy Olah, Marketing Manager, Wellington Financial LP, Tel: (416) 682-6002, [email protected]
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