Wellington Financial Announces 2nd Closing for Fund IV

            Wellington Financial Announces 2nd Closing for Fund IV

PR Newswire


One of North America's largest recent equity raises for a venture debt fund

TORONTO AND SANTA MONICA, CA, Jan. 14, 2013 /PRNewswire/ - Wellington
Financial LP, a privately-held specialty finance firm providing growth capital
to U.S. and Canadian-based companies, announced today the second closing of
Wellington Financial Fund IV.

Wellington's 2006-vintage  Fund  III  was capitalized  with  $150  million  of 
re-circulating institutional  equity commitments.  That  fund led  over  $300 
million of financings via 52 loans  over its life. Fund III limited  partners 
earned a profit in every fiscal quarter during that six- year period, enjoying
a GAAP  internal rate  of  return in  excess  of 9.0%,  net  of all  fees  and 
expenses. On September 5, 2012, Wellington announced that the first close  of 
Fund IV had attracted $177.5 million of re-circulating equity commitments from
leading Canadian institutional investors, pension plans and family offices.

The new Fund IV has now raised  $190 million of re-circulating equity via  the 
addition of  both a  new institution  and family  office. "Our  firm  received 
tremendous support from the institutional  limited partner universe in  2012," 
said Mark  McQueen,  Wellington  Financial's  President  and  Chief  Executive 
Officer. "We led $78 million of  transactions last year, a majority of  which 
were for U.S.-based,  venture capital-backed innovation  companies. Since  we 
began doing business in the U.S. in late 2009, our capital has helped American
entrepreneurs preserve and/or create more than 3,700 U.S. jobs."

Portfolio  company  exits  in  2012  included  BelAir  Networks  (acquired  by 
Ericsson), Clairmail (acquired  by Monitise plc),  Ember (acquired by  Silicon 
Labs) and Pivot (acquired by CME Group).

"Wellington's impressive track record speaks to the market opportunity that we
satisfy as well as the consistently attractive returns earned by our LPs  over 
the past 12 consecutive years across three different funds," added Ken Rotman,
Wellington's Chairman.

Wellington Financial LP  has earned its  LPs top quartile  3-, 5- and  10-year 
absolute and risk-adjusted returns since  the firm's inception in 2000.  Fund 
IV will continue to follow the same proven business model by financing private
and  public  companies  with  a  demonstrated  customer  following,   talented 
management, proven growth opportunities and committed institutional investors.

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 
Toronto, Canada,  and Santa  Monica, California.  Wellington Financial  LP  is 
managed by a  partnership controlled  by fund management  and Clairvest  Group 
Inc. (TSX: CVG), 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 

SOURCE Wellington Financial LP


Lyndsey Fisk-Calhoun
Wellington Financial LP
Tel: (416) 682-6007
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