TORONTO, Dec. 1, 2014 /CNW/ - Wellington Financial LP, a privately-held specialty finance firm, today announced a new US$10 million venture debt financing for a leading provider of advertising planning and sales solutions to the media industry.
The funding from Wellington Financial will support the VC-backed Company's development and launch of an improved delivery platform.
"Since we entered the U.S. market five years ago, Wellington Financial has been warmly received by entrepreneurs, CFOs and their VC backers," said Mark McQueen, President and CEO of Wellington Financial. "U.S.-based, VC-backed growth companies now make up 80% of our fund's portfolio. Our team has already committed more than $85 million to innovation companies during 2014, and we're delighted to be considered one of the premier North American debt firms."
Since 2012, Wellington Financial LP has led more than $215 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 term, venture and amortizing loans up to $30 million. Wellington Financial LP is currently managing a $600 million investment program with offices in San Jose, 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.
SOURCE: Wellington Financial LP
For further information: Susan Mocherniak, Wellington Financial LP, Tel: (416) 682-6007, [email protected]