TORONTO, Feb. 7, 2014 /CNW/ - Kensington Capital Partners Limited is pleased to announce the successful closing of the Kensington Power Income Fund L.P. in December 2013, which raised over $41,000,000. To date, the Fund has invested almost
half the funds in electrical generating assets in both Alberta and
The Kensington Power Income Fund L.P. was launched in late 2012 and is
focused on mid-market power projects. It is designed for both
accredited and high net worth investors with the opportunity to capture
steady, inflation protected cash flows from the same kinds of
infrastructure assets that have previously been available to only the
largest institutional investors. The fund is investing in the power
sector with a primary focus on clean energy and renewables, which
includes generation, transmission and distribution across 50 states, 10
provinces and 4 territories in the United States and Canada.
The Fund minimizes the risks to investors from construction, development
and the regulatory approval process by focusing on assets that are
already generating electricity and have positive cash flows.
"We are delighted to have achieved this key milestone for Canadian
individual investors" noted John H. Walker, Managing Director of
Kensington. "We deliver a portfolio of existing power generating assets
that have predictable cash flows from long term power purchase
agreements with strong credit worthy buyers with experienced operating
teams in place."
Kensington plans to launch another power income fund for individual
investors in the latter half of 2014.
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 about Kensington
and our current offerings, please visit www.kcpl.ca.
SOURCE: Kensington Capital Partners Limited
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