/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
FOLLOW-ON OFFERING PROVIDES NEW INVESTORS WITH ACCESS TO ESTABLISHED
PRIVATE EQUITY PORTFOLIO
TORONTO, Nov. 27 /CNW/ - Kensington Capital Partners Limited
("Kensington"), a leading Canadian private equity investor and fund of funds
manager, is pleased to announce that it has filed a preliminary prospectus in
connection with the follow-on offering of Units of Kensington Global Private
Equity Fund (the "Investment Fund"). Kensington Investment Management Inc., a
wholly-owned Kensington subsidiary, provides investment advisory and portfolio
management services to the Investment Fund.
The Investment Fund was created to provide retail investors with exposure
to a diversified portfolio of global private equity investments, including
private equity funds, funds of private equity funds and direct investments in
private companies. The Investment Fund completed its initial public offering
of Units on April 20, 2007, by way of instalment receipts for total proceeds
of $22,680,400. The total proceeds of the initial offering have now been fully
committed to underlying private equity investments consisting of six primary
funds, one secondary fund portfolio, two direct co-investments and three
international funds of funds. This globally diversified portfolio of private
equity investments consists of a variety of companies in various industry
groups at various stages of their business and investment life-cycles.
Purchasers of Units in the current offering will participate in the
Investment Fund's portfolio of private equity investments on the same basis as
Kensington continues to see many attractive opportunities for additional
investments in private equity and is now seeking additional capital for the
Investment Fund through this follow-on offering in order to further develop
the portfolio of private equity investments. The objective of the Investment
Fund is to maximize long-term total returns for investors through
distributions of net income and net realized capital gains, while minimizing
risk through prudent diversification.
The offering is being led by CIBC World Markets Inc., Scotia Capital Inc.
and National Bank Financial Inc. with a syndicate of dealers including
Canaccord Capital Corporation, Dundee Securities Corporation, GMP Securities
L.P., Berkshire Securities Inc., Blackmont Capital Inc., Raymond James Ltd.
and Wellington West Capital Inc.
A preliminary prospectus relating to these securities has been filed with
securities commissions or similar authorities in each of the provinces and
territories of Canada but has not yet become final for the purpose of a
distribution to the public. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be any sale or
any acceptance of an offer to buy these securities in any province or
territory in Canada prior to the time a receipt for the final prospectus of
the Investment Fund or other authorization is obtained from the securities
commission or similar authority in such province or territory.
No securities regulatory authority has expressed an opinion about these
securities and it is an offence to claim otherwise. These securities have not
been and will not be registered under the United States Securities Act of
1933, as amended, or any state securities laws and may not be offered or sold
in the United States or to U.S. persons.
A copy of the preliminary prospectus may be obtained from CIBC World
Markets Inc. Distribution Center by contacting Lovena Doodahand at
firstname.lastname@example.org, or on SEDAR at www.sedar.com.
Kensington Capital Partners Limited is Canada's leading independent
private equity fund investor, founded in 1996. To date, Kensington has
received commitments of over $350 million for private equity investments
through its fund-of-funds and direct co-investment programs. Institutional
investors such as pension funds and professional asset managers, as well as
high net-worth individuals and retail investors, hold Kensington funds.
Kensington has consistently achieved top-quartile financial returns for its
investors. For more information on Kensington Capital Partners Limited and
current offerings, please visit www.kcpl.ca.
For further information:
For further information: Media requiring further information please
contact: Rick Nathan, Managing Director, (416) 362-2824, email@example.com; Ally
O'Keefe, Media and Investor Relations, (416) 362-7264, firstname.lastname@example.org