Kensington Capital Advisors Inc. Announces Suspension of Redemptions for the Kensington Private Equity Fund

TORONTO, Sept. 30, 2025 /CNW/ - Kensington Capital Advisors Inc. (the "Manager" or "Kensington"), the manager of Kensington Private Equity Fund (the "Fund"), today announced that it has suspended redemptions of units of the Fund, effective immediately.

This temporary suspension of redemptions is the result of ongoing, persistent, market challenges that have reduced liquidity to historically low IPO and M&A levels through the past three years, which has also impacted private equity and venture capital investment valuations. The suspension of redemptions is intended to prevent forced asset sales at discounted prices, preserving long-term value and protecting the interests of all unitholders by ensuring the Fund remains well positioned to achieve its long-term investment objectives.

The suspension will remain in place for an initial period of 90 days and may be extended in accordance with the Fund's governing terms. This suspension applies to all pending redemption requests, as well as all new redemption requests received while the suspension is in effect.

In recognition of the impact to investors, Kensington will temporarily reduce the management fee payable on all classes of units by 10 basis points beginning today.

As markets gradually return to a more normalized environment, Kensington will take steps to improve liquidity when appropriate with the goal of resuming redemptions when prudent, preserving long-term growth opportunities for investors. For more information for investors, click here.

About Kensington Capital Partners Limited

Founded in 1996, Kensington Capital Partners Limited is a Canadian alternative asset manager with offices in Toronto and Vancouver. Kensington's mission is to back good management teams to build great businesses, and in doing so, create top-performing investment solutions for investors. Kensington has assets under management of $2.2 billion, managed across several active funds covering venture capital, growth equity and mid-market buyouts. AGF completed a strategic investment to acquire a 51% ownership interest in Kensington in March 2024.

SOURCE Kensington Capital Advisors Inc.