$1.32 Per Unit Takes Total 2015 Distributions to 11.6%
Toronto, October 1, 2015 – Kensington Capital Advisors Inc. is pleased to announce a distribution to Unitholders of Kensington Private Equity Fund of $1.32 per Unit, for a total distribution of approximately $5.5 million, representing approximately 6.0% of the Fund’s current Net Asset Value (NAV). The distribution will be paid on October 15, 2015 to Unitholders of record on October 6, 2015.
The current distribution reflects the strong performance of the Kensington Private Equity Fund in the past several months. As of October 15, the Fund will have distributed an aggregate of $2.62 per Unit in 2015, representing 11.6% of the current NAV. With total distributions of $10.1 million in 2015, the Fund now has five consecutive years of increased distributions to Unitholders.
“The private equity markets remain strong and the Fund is well positioned to capture value with a fully developed portfolio and an evergreen investment strategy,” said Kensington Chairman Tom Kennedy. “This new distribution is the result of the continued growth in the Fund’s underlying investments and the successful sale of several mid-market and growth companies in the last several months. We remain very optimistic about the Fund’s ability to continue to perform in the current environment.”
The Kensington Private Equity Fund is a private closed end fund that was formed in 2007 to provide individual accredited investors with an effective way to invest in the private equity market. Private equity is an alternative asset class with low correlation to the public markets. Kensington manages the Private Equity Fund to minimize risk through diversification and capture upside through active management. The Fund’s performance and portfolio highlights are published on the Kensington website (www.kcpl.ca), and the Fund’s Units are available on FundSERV.
Kensington is a leading independent Canadian investor in alternative assets. Founded in 1996, and with over $750 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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