On January 15, 2024, AGF Private Capital Inc. announced that it will acquire a majority interest in Kensington Capital Partners Limited.
AGF Private Capital Inc. (“AGF Private Capital”) announced on January 15, 2024 that it will acquire a majority stake in Kensington Capital Partners Limited (“Kensington”). Under the terms of the agreement, AGF Private Capital will invest $45 million and acquire a 51% ownership interest in Kensington. Kensington employees will maintain a 49% ownership interest. Kensington will join AGF while retaining its investment and operational independence under the leadership of it’s senior management team. Further terms of the deal were not disclosed.
AGF Private Capital, based in Toronto, Canada, is AGF Management Limited’s (“AGF”) private markets business. AGF is an independent asset management firm providing investment services in public and private markets. As of January 2024, AGF had $42.8 billion assets under management.
Kensington, based in Toronto, Canada, is an alternative investment firm providing private equity investment management services. As of January 2024, Kensington had $2.6 billion assets under management.
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