Retail investors access top international private equity managers
TORONTO, June 20 /CNW/ - Kensington Capital Partners Limited, Canada's
leading independent private equity fund investor, today announced commitments
to four international private equity funds managed by two world class fund
managers. These commitments mark the first portfolio investments of the
Kensington Global Private Equity Fund. The two highly-regarded international
private equity managers are HarbourVest Partners LLC, a leading international
private equity manager with offices in Boston, London and Hong Kong, and
Nordea Private Equity - a part of Nordea, the Nordic Banking Group - being
exclusively advised by North Sea Capital.
Consistent with its announced strategy to invest the Global Private
Equity Fund's capital into a diversified portfolio of private equity
investments, Kensington has finalized initial commitments to the following
funds, while continuing to review other attractive opportunities:
- Nordea Private Equity II - European Middle Market Buyout, a fund
investing in a diversified portfolio of top-tier local and regional
European middle-market buyout funds with investment strategies
varying from buyouts and turnaround to special situation investments.
- HarbourVest International Private Equity Partners V - Direct Fund
L.P., a buyout and growth equity co-investment fund investing in a
diversified portfolio of international companies that offer the
potential for superior equity appreciation.
- HarbourVest Partners VIII - Buyout Fund L.P., a U.S. fund building a
portfolio of primary and secondary investments in U.S.-based buyout,
recapitalization and other private equity funds, including a small
number of direct investments in operating companies.
- HarbourVest Partners VIII - Venture Fund L.P., a U.S. fund building a
portfolio of primary and secondary investments in U.S.-based venture
capital funds, including a small number of direct investments in
"We are following our investment strategy of providing investors with a
diversified portfolio of funds managed by world class private equity managers
that have proven their ability to deliver top performance" said Graeme Johnson
a Managing Director of Kensington. "These initial core investments provide
excellent diversification while enabling us to access important niches of
value and growth in hard-to-access top flight European mid-market buyout and
US venture capital and buyout managers. Our relationships, scale and rigorous
due diligence and selection process together mean we can offer investors a
unique portfolio of private equity investments that would otherwise not be
available to them."
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 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. Kensington's web site is www.kcpl.ca.
For further information:
For further information: Kensington Contacts: Graeme Johnson, Managing
Director, (514) 944-0701, firstname.lastname@example.org; Linda Montgomery, Media and
Investor Relations, (416) 362-9000, email@example.com