Kensington closes $22.7 million in first private equity fund for retail investors

    Fund invested as part of Kensington's 2007 private equity program

    TORONTO, April 23 /CNW/ - Kensington Capital Partners, Canada's leading
independent private equity investor and fund-of-funds manager, announced today
it has closed its first retail fund, the Kensington Global Private Equity
Fund, at $22.7 million. This fund represents the first actively managed
private equity fund-of-funds offered to the retail market in Canada. The
capital in this fund will be invested as part of Kensington's 2007 Private
Equity Program, bringing the total amount raised so far this year to over
$100 million from institutions and individuals.
    "At Kensington, we believe retail investors as well as institutions
should have access to the high returns and diversification offered by private
equity," said Tom Kennedy, founder and a Managing Director of Kensington.
"Kensington funds are designed to provide investors with a diversified
portfolio of the world's best performing private equity investments. Our
access to the top funds, active investing approach, and rigorous due diligence
and selection process has resulted in our track record of top-quartile
    The Kensington Global Private Equity Fund, as part of Kensington's
Private Equity Program will have the same investment objective: a diversified
portfolio of global private equity investments, including private equity funds
and direct investments in private companies. Traditionally, private equity has
only been available to institutions, such as pension funds, endowments, and
financial institutions, and wealthy families who could provide a minimum
investment of $5 million or more.

    About Kensington:
    Kensington Capital Partners Limited is Canada's leading independent
global private equity investor and fund-of-funds manager founded in 1996. To
date, Kensington has received commitments of over $320 million for private
equity investments through its fund-of-funds and direct co-investment
programs. The company has consistently achieved top-quartile financial returns
for its investors. Kensington's web site is

For further information:

For further information: Kensington Contacts: Rick Nathan, Managing
Director, (416) 362-2824,; Linda Montgomery, Media and
Investor Relations, (416) 362-9000 ext. 238,

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Kensington Capital Partners Limited

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