Kensington Capital Partners has obtained a receipt for the final prospectus for the initial public offering of Kensington Global Private Equity Fund units.
Closing of the offering is scheduled for April 20, 2007.
The fund will offer access to a diversified portfolio of global private equity investments, including private equity funds and direct investments in private companies.
Units will be issued at a price of $20 per unit, payable in two installments. The first installment of $10 is payable upon the closing of the offering, while the second installment is payable on or before December 5, 2007.
Prior to the payment of the second installment, units will be represented by installment receipts. The minimum investment is $25,000, with $12,500 payable at closing.
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