From the Wires
Wellington Financial Provides US$8.5 Million Growth Capital to Boston-based network infrastructure company
By: PR Newswire
Dec. 11, 2012 09:53 AM
BOSTON & TORONTO, Dec. 11, 2012 /PRNewswire/ - Wellington Financial LP, a privately-held specialty finance firm, announced today that it recently closed a US$8.5 million venture debt financing for a rapidly growing U.S.-based networking infrastructure company that supports organizations around the world. The company's existing investor base includes a prominent East Coast venture capital firm.
Choate, Hall & Stewart LLP provided legal advice on this transaction.
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 $500 million investment program with offices in Toronto, Canada, and Santa Monica, California. 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, pension funds, family offices and crown corporations. Please visit the fund website at www.wellingtonfund.com, or the Wellington Financial team blog at www.wellingtonfund.com/blog.
SOURCE Wellington Financial LP
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