Wellington Financial closes Fund V at $300 mln hard-cap target
Canadian specialty finance firm Wellington Financial has closed Wellington Financial Fund V, reaching its hard-cap target of $300 million of re-circulating equity commitments. As reported by PE Hub Canada, the firm secured $285 million, or nearly all of Fund V's target, in an initial close held in October. The largest innovation-focused private debt fund raised to date by Wellington, it was backed by Canadian institutional investors and family offices, the majority of which were repeat limited partners. Fund V will continue to provide term, venture and amortizing loans to North American and U.K.-based companies, most of them technology-focused, with deals ranging from $2 million to $40 million in size.
2 November 2015•3 mins read
