Kensington Capital Partners has held the final closing of the Kensington Venture Fund after its exceeded its target of USD300 million in investor commitments.
The Fund, which raised a total of USD306 million, received its most recent commitments from a mix of wealth managers, private foundations, and individual investors.
"This is a great time to be investing in technology in Canada," says Rick Nathan, Managing Director of Kensington Capital Partners. "Our significant talent pool, vibrant startup environment, and improved access to capital – through the Kensington Venture Fund and other funding sources – make Canada a great place to build a technology company and grow it to scale."
The new wealth managers, private foundations, and high net worth individuals that most recently invested in the Kensington Venture Fund join a notable group of existing investors including BMO Financial Group, CIBC, OpenText Corporation, Richardson GMP, Royal Bank of Canada, Scotiabank, TD Bank Group, Torstar Corporation, and the Government of Canada.
