Wellington Financial launches fifth fund with $300 mln target
Canadian specialty finance firm Wellington Financial has officially launched its fifth fund, Wellington Financial Fund V, with a hard-cap target of $300 million of re-circulating equity commitments. Fund V, which had its first close this week, is targeted to bring in 50 percent more than Fund IV, closed at $200 million in 2013. Toronto-based Wellington, which had its 15th anniversary in August, provides term, venture and amortizing loans to Canadian and U.S.-based companies, the bulk of which are in technology sectors. The firm also announced the hire of Ash Vaidya as a partner in its Silicon Valley office. Wellington President and CEO Mark McQueen was recently interviewed by PE Hub Canada.
2 October 2015•3 mins read
