Wellington Management has held the final close of its fourth private late-stage growth strategy, Wellington Hadley Harbor IV, with $2.6 billion in capital commitments and over $200 million in co-investment capacity to invest alongside the fund.
Wellington Management (Wellington) has held the final close of its fourth private late-stage growth strategy, Wellington Hadley Harbor IV, with $2.6 billion in capital commitments and over $200 million 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.
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 US$6.6 billion 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.
