TORONTO, Dec. 1, 2014 /PRNewswire/ - 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