Kensington Capital Partners, an independent Canadian private equity fund investor, has acquired a secondary position in Novacap II, a diversified private equity portfolio originally formed
Kensington Capital Partners, an independent Canadian private equity fund investor, has acquired a secondary position in Novacap II, a diversified private equity portfolio originally formed in 2000. The portfolio consists of 14 companies in a variety of industries and at various stages of development.
The Kensington Global Private Equity Fund announced investments in four international private equity funds on June 20, as well as commitments to three Canadian private equity funds on July 6, and continues to review other attractive opportunities for investment.
The Kensington Global Private Equity Fund offers individual investors a diversified portfolio of private equity investments, including hard-to-access private equity funds and direct investments in private companies.
According to Kensington, it was established in 1996 to make investments in private equity, which in general have been accessible only to investors who could meet very high minimum investment thresholds, available to the broader investing public.
To date Kensington has received commitments of more than CAD350m for private equity investments through its fund of funds and direct co-investment programmes, which are aimed at institutional investors such as pension funds and professional asset managers, as well as high net-worth individuals and retail investors.
