Wellington Management related stories
All articles and analysis
- Goldman Sachs adds Flaherty and Winkelman to board
Goldman Sachs has named Mark A. Flaherty and Mark O. Winkelman to its board of directors. The appointments became effective December 18. Flaherty is retired from Wellington Management where he most recently served as vice chairman while Winkelman is a former operating partner at J.C. Flowers & Co. and has held various positions at Goldman Sachs.
- Online real estate broker Redfin racks up $70.9 mln
Online real state broker Redfin has raised $70.9 million in funding. The backers included Wellington Management Company, Glynn Capital Management, Brothers Brook and Annox Capital Management.
- BlackRock consortium in $300m Korea deal
The firm’s private equity arm joins a fundraising round by South Korea’s largest online retailer Coupang
- South Korean online retailer Coupang racks up $300 mln
South Korean online retailer Coupang has raised $300 million in funding. BlackRock Private Equity Partners led the round with participation from Wellington Management Company, Greenoaks Capital Management and Rose Park Advisors. According to the company, the capital will be used for product development and personnel hirings.
- Uber in talks to sell over $1 bln in convertible debt -- Reuters
Uber is in talks to sell more than $1 billion in convertible debt, a source familiar with the matter said, soon after the U.S. taxi service said it raised $1.2 billion in its latest funding round, Reuters reported.
Beleaguered Uber rakes in $1.2 blnSan Francisco-based car-sharing start-up Uber has raised $1.2 billion in funding, CEO Travis Kalanick announced in a blog post http://blog.uber.com/ride-ahead on the company's site.
Two ships passing in the night: wealth management and venture capitalIn the United States, wealth management firms, such as mutual funds, have increasingly played a part in the venture capital industry. In contrast, wealth managers in Canada have largely elected to bypass VC, despite embracing other alternative asset classes. In a peHUB Canada exclusive article, Richard Rémillard asks why this is the case and suggests how Canadian wealth managers and VC funds might find common ground.
- N30 Pharma pulls in $30 mln
Boulder, Colorado-based N30 Pharma, which focuses on developing therapies for cystic fibrosis, has received $30 million in financing. The investors included Wellington Management, RA Capital Management, Jennison Associates (on behalf of certain clients), Rock Springs Capital Management, Sabby Management and Deerfield Management Company. Cowen & Co. served as a placement agent.
- Blueprint Medicines ropes in $50 mln
Blueprint Medicines has raised $50 million in Series C funding. Partner Fund Management led the round with participation from other investors that included Wellington Management Company, RA Capital, Tavistock Life Sciences, Perceptive Advisors, Sabby Capital, Cowen Investments, Redmile Group, Fidelity Biosciences and Third Rock Ventures. Based in Cambridge, Mass., Blueprint Medicines is a developer of kinase inhibitors for genomically defined cancers.