TORONTO, Aug. 6 /CNW/ - Kensington is pleased to announce an investment
of US$665,352 by the Kensington Global Private Equity Fund in Clear Channel
Communications. Clear Channel Communications, Inc. is a global media and
entertainment company specializing in mobile and on-demand entertainment and
information services for local communities and premiere opportunities for
advertisers. Based in San Antonio, Texas, the company's businesses include
radio and outdoor displays.
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 $385
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 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, firstname.lastname@example.org; Ally
O'Keefe, Media and Investor Relations, (416) 362-7264, email@example.com