Canadian private equity firm Clairvest Group has sold its interest in Wellington Financial, a Toronto-based specialty finance firm, to the Canadian Imperial Bank of Commerce (CIBC). No financial terms were disclosed for the deal, which includes the loan assets of Wellington Financial Fund V, which raised $300 million in 2015. Wellington was launched in 2000 by Clairvest and Mark McQueen, the firm's president and CEO, to provide growth-oriented debt to Canadian and U.S. technology companies, many of them venture-backed. Wellington's team will join the newly created CIBC Innovation Banking, which provides strategic advice and funding to innovative clients across North America.