PSG hires Ontario Teachers’ Cenanovic to boost Canadian deal pipeline

In addition, Cenanovic will lead underwriting for PSG’s encore strategy.

  • With Ontario Teachers’ since 2009, Cenanovic was involved in several significant deals, including Ascend Learning, which he worked on with Peter Wilde and Bill Aliber of PSG
  • PSG was founded in 2014 and invests in software and technology-enabled services companies

PSG has hired Bogdan Cenanovic as a managing director. Cenanovic was hired from Ontario Teachers’ Pension Plan, where he was head of technology, media and telecom, financial services and healthcare investing.

Cenanovic will aim to bolster PSG’s Canadian deal flow pipeline. To date, the firm has closed four platform investments in Canada: DigitalEd, Introhive, Penny AI and Wagepoint.

In addition, he will lead underwriting for PSG’s encore strategy. The strategy is focused on making investments in select portfolio companies upon their complete or partial exit from PSG funds in order to support their growth for a longer period.

With Ontario Teachers’ since 2009, Cenanovic was involved in several significant deals, including Ascend Learning, which he worked on with Peter Wilde and Bill Aliber of PSG.

“Having worked closely with Bo, I’m confident his skillset and founder-first perspective will be a great asset to our team,” commented Aliber, a managing director at PSG, in a statement. “Toronto is a key economic and software hub in North America, and we believe Bo is well-equipped to expand PSG’s presence and network in the region as we continue to target our growth goals.”

Founded in 2014, PSG has grown to a team of over 185 employees across offices, including more than 85 investment professionals, over 35 portfolio operations professionals and more than 45 business operations personnel. In 2021, the firm closed its fifth North American fund at $4.5 billion in third-party limited partner commitments, bringing its total capital raised to over $10 billion.

PSG invests in software and technology-enabled services companies.