Wellington Management has closed its private late-stage growth strategy Wellington Hadley Harbor IV with $2.6 billion in commitments and more than $200 million in co-invest 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.
“With companies staying private for longer, we are supplying capital to transformative, disruptive businesses to enable them to scale on their journey from the private to the public market. These companies are market leaders looking for experienced partners like Wellington to help them navigate the current economic volatility while accelerating their business growth,” said Michael Carmen, C