Kensington is a leading Canadian private equity investor, founded in 1996. To date, Kensington has committed over $600 million to private equity investments through a succession of private equity programs. Institutional investors such as pension funds and professional asset managers, as well as high net-worth individual investors, hold Kensington private equity funds in their portfolios.
Kensington private equity programs focus principally on two segments of the private equity market across Canada and the United States:
Mid-Market Buyouts of mature profitable businesses with total enterprise values typically ranging from $50 to $500 million, where management has developed a compelling plan to create substantial growth over the expected 3- to 5-year cycle of our investment. In this segment, we typically target gross internal rate of return (IRRs) of 25%, representing a tripling of equity value over 5 years.
Growth Equity and Venture Capital opportunities carry greater risk and target higher returns than the buyout sector. These less mature companies must show a strong growth trajectory based on a new technology or disruptive business model, led by an experienced team, in order to attract investment.
Kensington Private Equity Investment Programs
Kensington began creating Private Equity Partnerships for investors in the private equity market in 2002, and currently manages several different portfolios in this form. Each of these private partnerships is fully invested and closed to new investors, although we remain active managers of these portfolios.
The Kensington Global Private Equity Fund is a mutual fund trust created to provide Canadian investors with continuous access to a diversified portfolio of global private equity investments, including private equity funds and direct investments in private companies. The Kensington Global Private Equity Fund was formed in 2007 and remains open for new Canadian accredited investors. Click Here to learn more.