TORONTO, May 12, 2015 /PRNewswire/ - Wellington Financial
LP, a privately-held specialty finance firm, today announced a
US$3 million venture debt financing
facility for a leading U.S.-based provider of automation and
management software.
The funding from Wellington Financial will support the VC-backed
Company's next phase of growth.
"Our interest-only structures continue to be a compelling choice
for high growth companies who appreciate the flexibility of our
True Growth Capital relative to what is available in the commercial
bank market," said Mark Usher, a
Partner at Wellington Financial. "We are very excited to partner
with this latest high growth company as the management team and
Board of Directors continues to grow the business at accelerated
levels".
Since 2012, Wellington Financial LP has led more than
$230 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
