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Kensington

Kensington Expands Into National Security Tech

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Kensington Capital Partners has acquired the venture capital business of Ottawa-based ONE9, led by JTF2 veteran Glenn Cowan, in a strategic push into National Security technologies. ONE9’s future investment activity will now fall under Kensington, positioning the firm as a market leader in cybersecurity, dual-use, and defense-first tech.

Kensington also took a minority stake in ONE9 Capability Labs, with an option to buy more. Legacy investments remain with the vendors. The two firms previously co-invested in firms like Tomahawk Robotics and Strider Technologies, paving the way for this deeper alliance.

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AGF Private Capital Takes Majority Stake in Kensington for $45M

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Toronto’s AGF Private Capital is set to acquire a controlling 51% share in Kensington Capital Partners for $45 million. This transaction, earmarked for completion in Q2 2024, allows Kensington to retain 49% ownership and operational independence.

Kensington’s chairman, Tom Kennedy, views the deal as a strategic move to enhance investment opportunities and regional expansion, leveraging AGF’s reputation and financial strength.

Kensington, a key player in Canada’s tech sector, notably participated in the Government of Canada’s Venture Capital Catalyst Initiative (VCCI) and successfully closed its third venture fund in April 2023.

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