Wellington Closes $2.6B Fourth Late-Stage Private Fund

Wellington Management, an independent investment management firm, closed its private late-stage growth strategy – Wellington Hadley Harbor IV – at an oversubscribed $2.6 billion and more than $200 million in co-invest capacity to invest alongside the fund.

The fund looks to invest in late-stage private companies prior to a potential IPO or sale. The close of Wellington Hadley Harbor IV brings the total raised to over $6.6 billion since 2014. Hadley Harbor IV has made five investments to date.

“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,” said Michael Carmen, CFA, co-head of Private Investments.

The Fund’s global investor base includes public and private pension plans, insurance companies, corporations, a sovereign wealth fund and family offices.