For the second time in three years, firm recognized globally for consistently producing top net returns
TORONTO–(BUSINESS WIRE)–November 7, 2016–
Wellington Financial LP, a privately-held specialty finance firm, today announced the firm was named to U.K.-based Preqin’s Most Consistent Top Performing Private Debt Fund Managers list for 2016. This is the second time in three years that Preqin has named Wellington Financial as a “Most Consistent Top Performing” Fund Manager.
“Pension plan CIOs and entrepreneurs alike care about consistency, and the Wellington team is gratified to receive this acknowledgement from one of the world’s leading sources of data and intelligence within the alternative asset industry. This designation recognizes our team’s ability to consistently provide great results for our investors for more than 15 consecutive years,” said Mark McQueen, President and CEO, Wellington Financial.
Preqin’s annual list named Wellington Financial, along with thirteen other private debt funds, for consistently generating 1st and 2nd quartile returns for their investors since inception, from a database of 140 different global managers managing 231 different funds. In the report, Preqin categorizes private debt as direct lending, distressed debt, special situations, mezzanine, and venture debt. In 2014, Wellington Financial was named to Preqin’s list of Most Consistent Top Performing Fund Managers, for the first time in the company’s history. Fund managers need to have raised multiple funds in the same strategy to be eligible for consideration by Preqin.
“This recognition once again puts Wellington Financial amongst leaders in its market, underscoring that we can consistently successfully compete with other top players in the Direct Lending sector,” continued McQueen. “Entrepreneurs have been able to rely on us for over fifteen years, and the fact that our 2015-vintage fund is already 60% committed speaks to our capital’s appeal to leading-edge firms across North America and the United Kingdom.”
Preqin is a UK-based consultancy and research firm focusing on alternative asset industries like private equity, real estate, hedge funds, infrastructure, and private debt, with offices in New York, San Francisco, Hong Kong, Manila, and Singapore. Preqin’s Performance Analyst is utilized by more than 40,000 professionals in over 90 countries.
About Wellington Financial LP
Wellington Financial LP is a privately-held specialty finance firm providing term, venture, amortizing and unitranche loans up to $40 million. Wellington Financial LP is currently managing a $900 million investment program with offices in Menlo Park, Santa Monica and Toronto. 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, crown corporations, financial institutions and pension funds. Please visit the fund website at www.wellingtonfund.com.