Last updateFri, 24 Mar 2017 12pm


Wellington launches fund with $300m hard cap

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Venture debt capital firm Wellington Financial has launched its fifth fund with $300m (£196m) hard cap of re-circulating equity commitments, AltAssets understands.

Wellington, which provides growth capital to Canadian and US-based companies, announced the fund as part of the launch of a new $900m (£588m) investment programme.

Fund V is targeted to bring in 50% more than Wellington Financial Fund IV, which capitalised with $200m (£588m) of re-circulating equity capital in 2012.

Along with the new fund, Wellington also announced the recent addition of Ash Vaidya as a partner in the Silicon Valley office.

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