PRIVATE EQUITY
Kensington Global Fund Performance
Kensington Global Fund Portfolio
Kensington Global Fund Reporting
KENSINGTON GLOBAL PRIVATE EQUITY FUND
NET ASSET VALUE PER UNIT (ex-dividend)
Total Fund Size: $58,004,388
NAV per Class A Unit = $22.48
NAV per Class E Unit = $22.73
NAV per Class F Unit = $23.17
NAV per Class G Unit = $22.74
As of May 15, 2012
Distribution Paid per Unit (2011) = $0.68
Kensington calculates and publishes the Net Asset Value of the Fund twice monthly: (i) on the 15th day of each month (or if not a business day, on the preceding business day), and (ii) on the last business day of each month. Click here to view the Kensington Global Private Equity Fund Valuation Policy |
Kensington Global Private Equity Fund Performance
The Kensington Global Private Equity Fund has been created to provide individuals and other investors with access to a diversified portfolio of global private equity investments, including private equity funds and direct investments in private companies.
KENSINGTON GLOBAL FUND GAINS 6.6% DURING Q1 2012
The Kensington Global Private Equity Fund finished the first quarter of 2012 with a net asset value (NAV) gain of 6.6% above the December 31, 2011 close. This continues the strong performance of the past several quarters, which saw the Fund gain 15.1% through all of 2011 (11.7% in 2010). "As we move through year 4 and year 5 of the Fund's life, our private equity investments are now maturing and paying off for our investors," said Kensington Managing Director Tom Kennedy, "We believe that the portfolio is very well positioned for continued gains in the future."
Gains in the recent quarter were broadly based across several portfolio holdings, including funds and direct investments, Canadian and US investments, leveraged buyouts and venture capital. A significant portion of these gains were driven by realized investments from companies that were sold during the quarter, setting the stage for distributions to Unitholders later in 2012.
During the quarter, the Fund completed one new Fund investment, in the Whitecastle New Urban Fund II, L.P. The Fund currently has several different investment opportunities at various stages of review, some of which may lead to completed investments in Q2.
KENSINGTON GLOBAL PRIVATE EQUITY FUND INVESTORS GAIN 15% IN 2011
The Kensington Global Private Equity Fund achieved a total return for investors in 2011 just above 15%, including distributions paid to investors and gains in Net Asset Value (NAV). This is the second consecutive year of double digit returns for the Fund, as the portfolio transitions from its initial investment period into a fully performing asset for the longer term. The comparable performance for 2010 was 11.4% (Class A) and 12.1% (Class F). The chart below sets out the historical performance of the Fund through the past three years.
NOTE: Total return performance consisting of increases in net asset value (NAV) plus distributions paid to investors.
The Kensington Global Private Equity Fund has received Fundata’s 'A’ FundGrade® rating. Fundata's FundGrade is an independent and objective investment fund rating system that has been developed to recognize funds who have achieved superior risk adjusted returns.
Kensington Global Private Equity Fund
vs. Public Market Performance
March 31, 2011 - May 15, 2012
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Kensington Global Private Equity Fund
vs. Public Market Performance
Since Inception
April 20, 2007 - May 15, 2012
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Interpretation Note: The Net Asset Value (NAV) of the Kensington Global Private Equity Fund is determined by Kensington based on the reported values and additional information provided by the General Partners who control and manage these investments. The stock market indices are based on publicly traded values. Kensington believes that it is interesting for investors to contrast the relative values of these data sets, however, readers should note that they may not necessarily be directly comparable. Readers should also note that the S&P500 index is reported in US dollars. |
