Kensington

Kensington Capital Partners completed its final close of its $150 million Kensington Venture Fund II in October. The new Fund will follow a hybrid strategy as both a fund-of-funds investing in venture capital (VC) funds and a direct investor into promising technology companies.

TORONTO – November 21, 2019 – Last night, at the 21^st Annual Canadian Private Equity Summit at the Ritz-Carlton in Toronto, Rick Nathan, Managing Director of Kensington Capital Partners, received the Career Achievement Award. The award recognizes Rick’s career achievements and contribution to the private equity sector, his role in developing new opportunities for business growth, and his dedication and representation of integrity and service to the Private Equity sector.

TORONTO, Nov. 26, 2019 /CNW/ - Kensington Capital Partners ("Kensington") is pleased to announce that the Kensington Private Equity Fund has acquired the surgical division of Centric Health Corporation. The surgical business will be wholly owned by a newly formed entity called Clearpoint Health Network Inc. ("Clearpoint").

TORONTO, July 11, 2019 - Kensington Capital Advisors Inc. is pleased to announce a distribution to Unitholders of Kensington Private Equity Fund of $1.00 per Unit, for a total distribution of $16.5 million, representing 4.1% of the Fund's current Net Asset Value (NAV) as of June 30, 2019.

COLLINGWOOD, ON and TORONTO, May 2, 2019 /CNW/ - Kensington Capital Partners Limited ("Kensington") is pleased to announce that the Kensington Private Equity Fund has led a recapitalization of AGNORA Ltd. ("AGNORA" or "the Company") in conjunction with management and co-investors.

Framework Venture Partners announced Tuesday (January 5) the first close of the fund, FVP I, with capital from the BC Tech Fund, BDC Capital, the Royal Bank of Canada and Cadillac Fairview.

Kensington Capital Partners today announced that it has raised $85 million in the first close of Kensington Venture Fund II, LP, a fund of funds investing in promising venture capital (VC) funds and technology companies. The new Fund has been launched under the Government of Canada’s Venture Capital Catalyst Initiative (VCCI).

The Kensington Alternative Strategies Fund (KASF) is pleased to announce the addition of NorthStream Credit Strategies Fund to its portfolio. NorthStream Capital combines 55 years of industry experience in the North American high yield and credit space. The NorthStream Credit Strategies Fund has provided returns since inception of 33.47% in only 27 months (Annualized Returns of 13.69%).

Kensington Capital Advisors Inc. is pleased to announce a distribution to Unitholders of Kensington Private Equity Fund of $2.25 per Unit, for a total distribution of $27 million, representing 9.0% of the Fund’s current Net Asset Value (NAV) as of July 31, 2018. The distribution was paid on August 15, 2018 to Unitholders of record on August 13, 2018.

Kensington Capital Partners (“Kensington” or the “Company) is pleased to announce the sale of Prodomax Automation Ltd., a specialized industrial engineering firm focused on designing complex manufacturing production systems for automotive companies, to Jenopotik AG based in Jena, Germany.

VANCOUVER, CANADA – July 12, 2018

Eventbase Technology Inc., the leading mobile event technology platform for global brands, has received new funding to further accelerate growth and support the launch of its new enterprise event data product, Data Stream.

The Trudeau government has selected five fund-of-fund managers to make good on its pledge to continue supporting Canada’s venture-capital industry. Ottawa is going mostly with familiar names for its Venture Capital Catalyst Initiative (VCCI), first announced in the 2017 budget after intense lobbying by Canadian venture capitalists. Four of the five managers chosen to disburse $350-million on the government’s behalf to venture-capital firms – that in turn invest directly in startups – were the same quartet chosen by the previous Conservative government for a similar initiative: Northleaf Capital Partners and Kensington Capital Partners of Toronto; Teralys Capital of Montreal; and Boston-based HarbourVest Partners LLC.

Kensington Capital Partners Limited (“Kensington”) is pleased to announce that the Kensington Private Equity Fund has completed an $85 million recapitalization of Kenona Industries LLC (“Kenona”) in conjunction with management and co-investors.

VANCOUVER, BC, June 2, 2018 – The BC Tech Association (BC Tech) announced the winners for the 2018 Technology Impact Awards (TIAs) on the evening of Friday, June 1, 2018. The TIAs are the longest-running and largest technology awards program in the province, and this year marks the 25th anniversary of celebrating excellence and innovation in BC’s tech sector.

Kensington Capital Partners is pleased to announce the rebranding of the Kensington Hedge Fund I to the Kensington Alternative Strategies Fund effective February 15, 2018. The Kensington Alternative Strategies Fund will continue to be known for its consistent and stable return, enabling protection to investors in times of market downturn. The investment objective for the funds remains the same: to provide capital appreciation with reduced volatility through the alternatives universe. The rebranding will not affect the funds' net asset value, strategies or the management of the fund.

Activity levels have been high with three direct investments moving forward which are expected to close in the coming months and the sale of three companies being negotiated. We have described the conditions in the market in prior publications as being excellent for sellers, and conversely, we are very selective as buyers. In some sectors, prices are high and expectations of most sellers reflect those high prices. The importance of cost in a private equity investment cannot be ignored, so in a strong market like the one we are experiencing, the strength of management and their ability to execute a plan to build value is more critical than ever.

Kensington is pleased to announce the addition of Barbara Stewart to their Advisory Board. Barbara Stewart is an author, educator and evangelist on women, money and investing. Barbara is one of the world’s leading researchers of women and finance. Regarded internationally as a personal finance expert, Barbara Stewart is an advocate for women, for diversity, and for financial education, both in public and as a consultant using her proprietary research skills to help large global financial institutions seeking to transform themselves.

TORONTO, ONTARIO--(Marketwired - Dec. 5, 2017) - Kensington Capital Advisors Inc. is pleased to announce a distribution to Unitholders of Kensington Private Equity Fund of $0.72 per Unit, for a total distribution of $6.5 million, representing 3.3% of the Fund's current Net Asset Value (NAV). The distribution will be paid on December 5, 2017 to Unitholders of record on December 5, 2017. The current distribution reflects the continuing strong performance of the Kensington Private Equity Fund. Prior to the distribution, the value of the Fund's units has increased by approximately 15% since the beginning of 2017. The current distribution marks the Fund's seventh consecutive year of profit distributions to Unitholders.

Mark Skapinker built some of Canada's top software firms in the 1990s, then became one of Canada's leading venture capitalists in the 2000s.

Now, he's drawing on both experiences with his latest plan: to turn traditional venture capital on its head.

Together with fellow managing partner Sophie Forest, Mr. Skapinker is hoping to establish their Brightspark Ventures as a unique à-la-carte venture capital firm that dramatically expands the number of Canadians investing in startups, using a proprietary software platform that may have commercial value to other financial managers.

TORONTO, ONTARIO--(Marketwired - Dec. 5, 2017) - Kensington Capital Advisors Inc. today announced that the board of directors has resolved to withdraw the proposed resolution and cancel the special meeting of unitholders of Kensington Private Equity Fund scheduled for December 8, 2017.

Vancouver, BC (November 30, 2017) — Announced today, Vancouver-based connected car cloud platform company, Mojio, has secured $30 million CAD in Series B funding to accelerate the global growth of its carrier-grade connected car solutions. Despite multiple offers from global investors, Mojio has deepened its Canadian roots by selecting Toronto-based Kensington Capital as lead investor.

Attention: Business / Financial Editors Kensington Capital Advisors Inc. (the "Manager"), the manager of Kensington Private Equity Fund ("Fund"), announced today that it has approved a proposal to update the terms of the Fund to expand the types of financial returns that may be distributed to investors with a corresponding performance fee payable to the Manager in such circumstances.

First Source is a boutique private lender currently managing a portfolio of nearly $120 million of small and mid-sized commercial and development mortgages in the Greater Toronto Area and Golden Horseshoe regions.  Founded in 2006, First Source has built an impeccable reputation as a dependable and astute mortgage lender, managing risk through conservative underwriting and diligent mortgage servicing. The First Source team consists of seven seasoned professionals with over 75+ years of cumulative mortgage underwriting in the GTA.

Foodee has announced that they have raised the second tranche of a $10 million Series A financing round. The Vancouver-based meal delivery startup initially closed the round last year in February. The financing was led by BDC Capital and joined by Kensington Capital Partners by way of the BC Tech Fund, Yaletown Partners, Structure Capital and Voyager Capital.

Toronto-based ScaleUP Ventures has announced the third and final close of its first fund at $100 million. ScaleUP launched in May 2016 with an original target of $50 million. The fund over-achieved a first close in August 2016 of $38 million.

Mobile Klinik, Canada’s fastest growing professional smartphone and tablet repair company, has successfully closed an oversubscribed Series B funding round at $6.85 million. The equity investment round was led by Kensington Capital Partners and includes an impressive group of individual investors, such as Tim McGuire, former Senior Partner, global retail and consumer practice leader at McKinsey & Company, and Rob Pitfield, former Group Head, International and Chief Risk Officer, Scotiabank.

VCs consistently put entrepreneurs under the microscope when looking at investing in startups. This week, we turn the tables and look at how VCs themselves are also subject to due diligence by their own investors (commonly referred to as Limited Partners or “LPs”).

How many times have you seen a product you liked and wished you could buy shares in the company – only to find it was privately held? Well, with private-equity funds, investors with good-sized portfolios can buy into companies that have hitherto been the preserve of institutional investors and pension funds. That’s only one of the benefits.

We at Kensington continuously evaluate broad economic developments as well as conditions specifically applicable to the private equity markets.  Within the private equity markets, we target sub-sectors and geographic regions that we believe offer the best opportunities for strong returns as well as receptive markets for the sale of mature portfolio investments.

A Vancouver tech company that connects cars to the Internet is entering the Canadian market for the first time after striking a deal with telecom giant Rogers Communications Inc. (TSX:RCI.B). Mojio’s platform uses ZTE-built devices that plug into a car’s onboard diagnostic port to send encrypted data to Mojio’s cloud over 4G LTE.

A month after announcing its intention to go public, Markham Ontario-based Real Matters Inc. (TSX: REAL) has begun trading, raising C$156 million with common shares at C$13.00 per share, giving the company a valuation in excess of C$1 billion.

Siemens Canada and Kensington Capital Partners Limited have entered into a memorandum of understanding (MOU) aimed at accelerating the commercialization of cleantech energy solutions in Canada. The collaboration combines the complementary capabilities of Kensington’s financial expertise with the engineering and technological know-how of Siemens Canada.

Kensington Capital Partners Limited, the Manager of the BC Tech Fund, today announced a new investment by the Fund into Lumira Capital IV, L.P., a new health care and life science venture capital fund managed by Lumira Capital. Dr. Richard Glickman, Chairman and Chief Executive Officer of Victoria, B.C.-based Aurinia Pharmaceuticals (NASDAQ:AUPH) (TSX:AUP) and one of the Province’s best-known and most successful healthcare entrepreneurs, has also been named a Partner of Lumira Capital.

Burnaby, B.C. – November 15, 2016: Bit Stew Systems announces the company has been acquired by GE Digital (NYSE: GE) bringing its leading data intelligence capabilities to Predix, GE’s operating system for the Industrial Internet, and its industrial applications such as Asset Performance Management (APM).

#19: Gerri Sinclair, managing partner, Kensington Capital When Gerri Sinclair, then an English professor at Simon Fraser University, tasked herself with programming a kid-friendly game for her grade-school son on a Commodore Vic 20 back in the early 1980s, she set herself on the path to becoming the doyenne of Vancouver’s digital media scene.

Kensington Venture Fund is pleased to announce a new investment in TouchBistro as part of their $17 million Series B financing.

Kensington Venture Fund is pleased to announce an investment in Clearpath Robotics Inc. (“Clearpath”), a global leader in unmanned autonomous vehicle research and development.

First Fund-of-Funds Investment Supports Firm’s Strong Track Record of Venture Investing Vancouver- November 1, 2016. Kensington Capital Partners, the Manager of the BC Tech Fund, today announced a new investment by the Fund into Vancouver’s Vanedge Capital II.

Firm selected for its strong track record of venture capital and private equity investing in the Province. Click here to learn more about the BC Tech Fund

The B.C. government’s $100-million BC Tech Fund, a key part of the #BCTECH Strategy, launched today with the announcement of a fund manager and an initial investment in a B.C. technology company.

The Kensington Power Income Funds seek to develop partnerships with power infrastructure developers to grow an exclusive pipeline of investable opportunities. One of these partnerships is with Horseshoe Power, an entity designed to acquire low cost oil, gas,

Kensington Venture Fund is pleased to announce an investment in Real Matters, a fast growing financial services technology company that serves the North American real estate industry. With its proprietary SaaS-based technology platform,

On June 30, 2016 Kensington Private Equity Fund (“KPEF”) completed an investment in White Swan Environmental Ltd (“WSE”), a privately held oilfield waste services company. Based in Northern Alberta, WSE’s disposal facilities are positioned to service the growing demand for disposal sites in the Athabasca oil sands region.

A report released today by Yaletown Partners said late-stage tech companies often lack the capital to leverage initial commercial success and pursue emerging-growth strategies.

Bit Stew Systems, developer of the premier platform that solves the data integration challenge in the Industrial Internet of Things (IIoT), today announced the initial closing of Series C funding to help advance the company’s global market growth and development plans.

Toronto, ON – May 17, 2016 - Q4 Inc., a global leader in SaaS investor relations and capital market solutions, announced today the closing of a $22 million Series B financing, bringing the Company’s total amount raised to $30 million.

Alberta’s economy isn’t about to change over night, no matter how quickly oil prices fall, but Kensington Capital Partners hopes its new Calgary office will be a small step toward diversifying the province’s economy.

The Toronto-based alternative investment house recently opened a Calgary office that's focused on funding energy projects and green technology.

Kensington Capital has closed its latest round of funding for its tech-focused venture capital fund, exceeding its target of $300 million in investment commitments. Kensington Capital's Managing Director Rick Nathan joins BNN to discuss why he's seeing opportunity in Alberta and other trends in Canada's tech sector.

One of Toronto's hottest earlystage startups, Hubba, has attracted top-tier talent and bigtime customers and boasts bigleague ambitions.

Toronto-based investment firm Kensington Capital Partners has exceeded the $300 million target it set for Kensington Venture Fund (KVF) in the fund of funds’ final close.

Brightspark Ventures, known for its successful track record of investing in early stage tech companies, has recently opened its doors to Canadian accredited investors.

Toronto, September 29, 2016 – Kensington Capital Advisors Inc. is pleased to announce a distribution to Unitholders of Kensington Private Equity Fund of $0.85 per Unit, for a total distribution of approximately $4.5 million, representing approximately 4.0% of the Fund’s current Net Asset Value (NAV).

Rick Nathan, Co-Chair of the Canadian Innovation Exchange and Managing Director, Kensington Capital, joins BNN to reveal this year's top 20 CIX innovators.

PE Hub Canada spoke with Kensington Chairman and MD, Tom Kennedy, to discuss the firms history, its impact on Canadian investing and his philanthropic work.

Rick Nathan, Managing Director of Kensington Capital Markets and Jim Orlando, Managing Director, OMERS Ventures discuss why there's been a rise in Canadian tech IPOs, how many other companies could be in the initial public offering pipeline and how Canadian can successfully compete with Silicon Valley.

TouchBistro today announced that it has closed $6 million in Series A funding from Kensington Capital Partners, Relay Ventures, Difference Capital, and a new strategic investor JUST EAT.

Rick Nathan, Managing Director of Kensington Capital talks about what's driving the IPO market and why he thinks Shopify and Hootsuite may be next to file for an Initial Public Offering.

TORONTO – March 3, 2016 – Kensington Capital Partners announced today the final closing of the Kensington Venture Fund after exceeding its target of $300 million in investor commitments. The Fund, which raised a total of $306 million, received its most recent commitments from a mix of wealth managers, private foundations, and individual investors.

$1.32 Per Unit Takes Total 2015 Distributions to 11.6%

Mr. Huber comes from Torys LLP where he was a partner and acted as legal counsel for Kensington’s infrastructure business. He has been working in the acquisition and development of energy and infrastructure projects in North America

TORONTO, July 29, 2015 – Kensington Capital Partners (Kensington) is pleased to announce the third closing of the Kensington Venture Fund ("Fund") increasing total investor commitments to the Fund to $237 million.

TORONTO, April 28, 2015 – While falling oil prices highlight the need for diversification in the Canadian economy, sectors that have long lived in the shadows of the oil and gas sector are starting to emerge. New technologies are revolutionizing the energy sector

Toronto, March 10, 2015 – Kensington Capital Advisors Inc. is pleased to announce a distribution to Unitholders of Kensington Private Equity Fund of $1.30 per Unit, for a total distribution of approximately $4.6 million, representing approximately 6.0% of the Fund’s current Net Asset Value (NAV).

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For Immediate Release: TORONTO, JANAURY 13, 2015 — Kensington Capital Partners Limited is pleased to announce the successful closing of its final investment for the Kensington Power Income Fund, L.P. The Kensington Power Income Fund now owns equity interests in 10 electrical generating

Toronto, June 7, 2016 – Kensington Capital Advisors Inc. is pleased to announce a distribution to Unitholders of Kensington Private Equity Fund of $1.10 per Unit, for a total distribution of $5.15 million, representing 5.0% of the Fund’s May 31st Net Asset Value (NAV).