VCAP-backed Kensington Venture Fund reaches $193 mln in second close
Kensington Venture Fund, a venture fund of funds managed by Canadian alternative assets investor Kensington Capital Partners, has raised an additional $33 million in its second close. New limited partner Torstar Corp and existing investors, including Richardson GMP, provided commitments, which bring the fund's total to $193 million. Kensington Venture Fund, which is also backed by Ottawa's Venture Capital Action Plan (VCAP), raised $160 million in a first close last November. To date, it has made commitments to six Canadian venture capital funds and direct investments in four Canadian companies. Kensington, which has its headquarters in Toronto, opened a new office in Calgary in April 2015.
4 June 2015•3 mins read
