VCAP-backed Kensington Venture Fund raises $237 mln in third close
Kensington Venture Fund, a venture fund-of-funds managed by Canadian alternative assets investor Kensington Capital Partners, has increased its total capital committed to $237 million in a third close. The fund added $44 million from its second close last month as a result of new commitments from a mix of institutional investors, family offices and individual investors. At the new level, Kensington Venture Fund is now closing in on its final target of $300 million. Launched last November with the backing of Ottawa's Venture Capital Action Plan (VCAP), the fund has so far completed commitments to seven Canadian venture capital funds and direct investments in four Canadian startups.
29 July 2015•3 mins read
