TORONTO, ONTARIO, September 15, 2010 – Kensington Capital Partners Limited (“KCPL”) announced today that at a Special Meeting of the Unitholders of Kensington Global Private Equity Fund (the “Investment Fund”), the Unitholders approved the two proposals recommended by KCPL (a) changing the trustee of the Investment Fund from KCPL to Kensington Capital Advisors Inc., a wholly-owned subsidiary of KCPL and (b) amending the Amended and Restated Declaration of Trust dated January 18, 2008 to permit the trustee to appoint an affiliate as a replacement trustee without unitholder approval.
As a result, Kensington Capital Advisors Inc. will become the trustee, manager, and investment advisor to the Investment Fund. The change of trustee within the Kensington corporate group will not result in any change of personnel responsible for the management of the Investment Fund.
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 a leading Canadian private equity investor, founded in 1996. To date, Kensington has committed over $500 million to private equity investments through its private equity programs. Institutional investors such as pension funds and professional asset managers, as well as high net-worth individuals and retail investors, hold Kensington funds. For more information on Kensington and current offerings, please visit www.kcpl.ca.
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