Wellington Management closed its latest private equity fund, the $1.8 billion Wellington Hadley Harbor III, as well as co-investments totaling close to $400 million that would invest alongside the fund, according to a news release.
The fund invests in late-stage companies seeking capital to sustain or accelerate growth before a sale or initial public offering.
The fund is 29% larger than its 2017 predecessor, the $1.4 billion Wellington Hadley Harbor II, according to the release.
Investors in the fund include the $1.1 billion Hartford (Conn.) Municipal Employees' Retirement Fund.
