Wellington Management Announces Close of Inaugural Climate Innovation Fund

BOSTON--(BUSINESS WIRE)--Wellington Management (“Wellington” or the “Firm”), one of the world’s largest independent investment management firms, today announced the final close of the Wellington Climate Innovation Fund (“CIF” or the “Fund”), with US$385 million in commitments. CIF is Wellington’s first fund to invest solely in private companies developing solutions to help mitigate and adapt to climate change. The Fund seeks to generate attractive returns for investors by investing in late-vent