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). The distribution will be paid on March 13, 2015 to Unitholders of record on February 27, 2015.
The current distribution reflects the strong performance of the Kensington Private Equity Fund in the past several months. The NAV of the Fund has increased by 19.3% since the Fund’s most recent prior distribution in October 2014, when the Fund distributed $7.4 million. In the past 6 months, the Fund will have distributed an aggregate of $12 million, representing $3.56 per Unit, or 15.3% of the current NAV. The Fund, formed in 2007 to provide investors with better access to private equity, now has five consecutive years of growing distributions to Unitholders.
“This distribution reflects the continued growth of the Fund’s portfolio and the strong market we have enjoyed during the recent past for the sale of mid-market and growth companies,” said Tom Kennedy, a Kensington Managing Director. “We are pleased with this performance and excited about the future of the portfolio.”
The NAV of the Fund is calculated and published on the Kensington Capital Partners Limited website (www.kcpl.ca) twice each month. The NAV will also be calculated and published on Friday March 13 so that those investors who re-invest their distributions through the Fund’s Distribution Re-Investment Plan (DRIP) will know the Unit value of their re-investment.
The Kensington Private Equity Fund is a private closed end fund that provides accredited investors with a means of investing in the private equity market. The Fund’s performance to date is published on the website, and the Fund’s units are available on FundSERV. Private equity is an alternative asset class that has little correlation with the public markets. Kensington manages the Private Equity Fund to minimize risk through diversification and capture upside through active management.
Kensington is a leading independent Canadian investor in alternative assets. Founded in 1996, and with over $670 million invested to date in private equity, venture capital, infrastructure and hedge funds, Kensington’s active management approach and relationship based business has generated top quartile returns for investors. For more information, visit www.kcpl.ca.
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Kensington Capital Partners Limited
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