Kensington Private Equity Fund Notice

December 31, 2025

Dear Valued Clients,

Kensington Capital Advisors Inc. (the “Manager”), in its capacity as manager of the Kensington Private Equity Fund (the “Fund”), has determined that it will extend the suspension of redemptions of units of the Fund (the “Units”) for an additional period of up to 90 days, effective immediately. This suspension may be further extended in accordance with the Fund’s governing documents. The suspension applies to all redemption requests currently pending as well as any new redemption requests received during this period.

The extension of the suspension is intended to maintain the stability of the Fund and protect the interests of all unitholders by preventing forced asset sales at discounted prices and ensuring the Fund remains well positioned to achieve its long-term investment objectives. Since redemptions were initially suspended on September 30, 2025, the Manager has continued to focus on the responsible sale of assets as market conditions permit. Several direct investments are currently in active sale processes, and we are encouraged by the engagement we are seeing in the market. Proceeds from these transactions will be used to reduce the Fund’s credit facilities, support Fund operations, and meet capital call commitments for Fund holdings.

We appreciate the trust you have placed in Kensington and take our responsibilities to all investors seriously. We are committed to operating in a transparent matter and communicate openly and regularly during this period. To support this commitment, we have been hosting monthly webinars to provide updates on the Fund and provide a forum for investors to ask questions. In addition, we encourage you to access the Kensington Private Equity Fund Information Portal, which serves as a central resource for detailed Fund information. Investors who are not yet registered may do so here: Register for the Portal. Thank you for your continued confidence and support as we work to strengthen the Fund’s long-term foundation.

Sincerely,

Thomas Kennedy
Senior Managing Director and Founder