Kensington Private Equity Fund closes three new investments
Kensington Private Equity Fund, managed by Toronto-based alternative assets investor Kensington Capital Partners, has made three new investments.
The fund has invested in White Swan Environmental Ltd., a Calgary-based provider of oilfield waste management services in Alberta. No financial terms of this particular investment were released. The Kensington fund also made undisclosed commitments to the second fund of Providence Strategic Growth, an affiliate of U.S. private equity firm Providence Equity Partners, and Trivest Growth Investment Fund, the eleventh fund of U.S. private equity firm Trivest Partners. The latter closed at US$225 million in July.
Kensington says White Swan Environmental – the first of the fund’s new investments — was identified as an attractive investment for KPEF as a result of their advantageous facility locations, regional demand, first-class facility build quality and strong management team. Kensington says its excited to work with the WSE team who has substantial experience in oilfield waste management.
Providence Strategic Growth –Kensington’s second new investment – was formed to make private equity investments in growth-oriented lower middle market companies, primarily in the United States, across technology-enabled services in the information, education and communication sectors. With their experience and track record, Kensington says it believes the PSG team is well-positioned to provide transformational capital to lower middle market growth companies in their target sectors.
Trivest Growth Investment Fund—Kensington’s third most recent investment – was formed to generate significant capital appreciation from growth and non-control, private equity investments in founder and family-owned businesses in the lower middle market. The fund will be the eleventh private equity fund managed and invested by Trivest, the firm’s sixth institutional fund, the fourth fund focused on founder and family-owned investments and the firm’s first fund focused on growth and non-control investments.