TORONTO, Oct. 19, 2015 /PRNewswire/ - Wellington Financial
LP, a privately-held specialty finance firm, today announced a
US$15 million debt financing for a
U.S.-based information technology company.
"We are very pleased to announce another financing for a
fast-growing innovation company that understands the value of our
True Growth Capital," said Mark
Usher, Partner at Wellington Financial. "Our
interest-only loan structures are the right choice for businesses
on a high growth trajectory that have reached the stage where they
can attract growth capital without experiencing the dilution that
comes with an equity raise."
Over the past 18 months, Wellington Financial LP has led more
than $140 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, unitranche, venture and amortizing loans up to
$40 million. Wellington Financial LP
is currently managing a $900 million
investment program via its 5th fund with offices in Silicon Valley,
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
