Kensington Capital Partners has achieved a $228m final close for its fund of funds backed by investors including Torstar and OpenText.
Canada-based alternative asset management firm Kensington Capital Partners revealed a C$306m ($228m) final close of its corporate-backed fund of funds yesterday following commitments from wealth managers, private foundations and private individuals.
Kensington Venture Fund’s limited partners include media company Torstar Corporation, which supported a second close at C$193m in June 2015, and enterprise software developer OpenText, which contributed to a first close at C$160m in 2014.
The first close was led by Venture Capital Action Plan, a C$400m…
