The fund of funds, which is being raised by Kensington Capital Partners, reached its second close at $154m after securing investment from media company Torstar.
Canada-based alternative asset manager Kensington Capital Partners reached the second close of its Kensington Venture Fund yesterday at C$193m ($154m), after securing capital from media company Torstar Corporation.
Kensington Venture Fund is a fund of funds that will make investments in venture capital funds and companies developing IT, telecommunications, energy, cleantech and digital media technology. Kensington Capital is targeting a final close of C$300m.
The fund initially launched in November 2014 with C$160m of capital from limited partners including…
