TORONTO, Feb. 4 /CNW/ - Kensington is pleased to announce that it has
closed a private placement of additional Units in the Kensington Global
Private Equity Fund to institutional investors. A total of $22 million in new
commitments have been made to the Fund at a price equal to the current Net
Asset Value (NAV) of the Fund of $20.21 per Unit.
"We are very pleased with the success of our follow-on offering, which
nearly doubles the total size of the Fund," said Tom Kennedy, Managing
Director of Kensington Capital Partners Limited. "The significant growth in
institutional investor participation demonstrates the appeal of this Fund
across all classes of private equity investors."
Of the total of $22 million in new commitments made to the Fund, $7
million has been funded with the balance payable on or before June 30, 2008.
As a result of the successful private placement, the Fund has determined not
to proceed to file a final prospectus for a public offering at this time.
The Kensington Global Private Equity Fund offers individual investors a
diversified portfolio of world-class private equity investments, including
hard-to-access private equity funds and direct investments in private
companies. Traditionally, investments in private equity have only been
available to investors who could meet very high minimum investment thresholds.
The Kensington Global Private Equity Fund was established to make these
investment opportunities available to the broader investing public.
Kensington 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
For further information:
For further information: Media requiring further information please
contact: Tom Kennedy, Managing Director, (416) 362-2893, firstname.lastname@example.org;
Ally O'Keefe, Media and Investor Relations, (416) 362-7264, email@example.com