TORONTO, Oct. 25, 2013 /CNW/ - Kensington Capital Advisors Inc. is pleased to announce the first investment by the Kensington Power Income Fund. The Fund has invested $5,000,000 into assets owned and operated by Genalta Power Inc., a Canadian based clean electricity generation company leading the way in
waste energy to power applications. This investment in electricity
generation is spread across 5 power plants located in Northern Alberta.
The first investment by the Kensington Power Income Fund is well suited
to the Fund's core strategy of investing in small distributed
generation power facilities that provide electricity from a variety of
clean energy technologies.
"We are very pleased to announce this strategic investment by the
Kensington Power Income Fund and are excited about the potential for
future growth with our partners at Genalta Power." said John Walker,
Managing Director of Kensington and responsible for the infrastructure
The Kensington Power Income Fund is a Limited Partnership investing in
power assets located in Canada and the United States. The Fund targets
a 10% net yield with a regular stream of distributions to be paid to
investors quarterly over the life of the Fund.
Genalta Power is a Canadian based, clean electricity generation company
leading the way in waste energy from heat, liquid pressure, gas
pressure and solution, vented and surplus gas applications. The
electricity generated from these applications is one of the most
promising growth industries in the clean energy sector and is one of
the best sources of fuel free, emissions free and inexpensive energy
sources. For more information on Genalta Power please visit www.genaltapower.com
Kensington, founded in 1996, is a leading Canadian investor in
alternative investments. Kensington is best known for its private
equity investment programs, having committed over $600 million since
2002, and is also an active investor in infrastructure assets and hedge
funds. Institutional investors such as pension funds and professional
asset managers, as well as high net-worth individuals and retail
investors, hold Kensington funds. For more information on Kensington
and current offerings, please visit www.kcpl.ca.
SOURCE: Kensington Capital Advisors Inc.
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