Wellington closes fourth, late-stage private fund in excess of $2.5bn target

Wellington Management has held the final close of its fourth private late-stage growth strategy, Wellington Hadley Harbor IV, with $2.6bn in capital commitments and over $200m in co-investment capacity to invest alongside the fund.

The fund seeks to invest in late-stage private companies seeking capital to sustain or accelerate growth prior to a potential IPO or sale. Since launching its first late-stage growth fund in 2014, the team has successfully closed four funds, identifying opportunities to generate value for investors across industries including technology, consumer, healthcare, and fintech.

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The close of Wellington Hadley Harbor IV brings the total amount of capital raised by the firto invest in late-stage private companies across all four vintages to more than $6.6bn since 2014.

The investor base of the new fund, which has made five investments to day, includes public and private pension plans, insurance companies, corporations, a sovereign wealth fund and family offices.

Source: Private Equity Wire

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