Kensington Power Income Fund raises over $41 mln, deploys nearly half of capital
Kensington Power Income Fund LP, which is managed by Toronto-based alternative assets manager Kensington Capital Partners, was recently closed. Launched in 2012, and focused on investing in mid-market power projects, the fund raised commitments totaling over $41 million. According to Kensington, the fund has already invested almost half of its capital in electrical generating assets in Alberta and British Columbia. That activity includes its most recent disclosed deal, the Dec. 2013 purchase of Sparwood, B.C.-based heat recovery platform Crowsnest Pass Power Plant from Mistral Power Inc. Kensington plans to launch another power income fund for individual investors later this year.
10 February 2014•2 mins read
