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. The distribution will be paid on July 12, 2019 to Unitholders of record on July 11, 2019.
The current distribution reflects the continuing strong performance of the Kensington Private Equity Fund.
“This distribution is a combination of strong results we have received from our fund investments and co-investments” said Kensington Chairman, Tom Kennedy.
“This year, we have seen tremendous growth in our Kensington Private Equity Fund. We are continuing with our hands-on approach to investing and have a robust pipeline of attractive opportunities.”
About the Fund:
The Kensington Private Equity Fund offers investors a diversified portfolio of high-performing private equity investments, including hard-to-access private equity funds and direct investments in private companies. The Fund invests across a breadth of industries primarily in the U.S. and Canada. Private equity is an alternative asset class with low correlation to the public markets. Kensington manages the Fund to minimize risk through diversification and capture upside through active management. To learn more, visit us at www.kcpl.ca/private-equity/