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
