The popularity of growth-oriented funds continues its Icarus-like fall, as more fund companies choose value over growth. It seems Enterprise is thinking similarly, by expanding their value-oriented product lineup when the Atlanta, Georgia-based firm files for the Enterprise Deep Value fund with the SEC sometime this week, according to sources familiar with the filing.

Wellington will subadvise, initially managing the $1 million in seed money.

The filing is hot off the heels of Enterprise's M&A fund launch. 

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