PSG, a Boston, MA-based growth equity firm, hired private capital veteran and Ontario Teachers’ Pension Plan Head of Technology, Media & Telecom, Financial Services and Healthcare, Bogdan “Bo” Cenanovic, as a Managing Director.
Cenanovic will aim to bolster PSG’s Canadian deal flow pipeline. To date, PSG has completed four platform investments in Canada – DigitalEd, Introhive, Penny AI and Wagepoint – and 28 add-on acquisitions.
In addition, he will lead underwriting for PSG’s Encore strategy, which is primarily focused on making investments in select PSG portfolio companies upon their complete or partial exit from PSG’s funds in order to support their growth for a longer period. To date, PSG has invested in five companies through the Encore strategy – Assembly, Formstack, Government Brands, Therapy Brands and Vehlo. Cenanovic will join Encore’s Investment Committee with Peter Wilde, Co-Founder and Chairman; Mark Hastings, Co-Founder and CEO; and John Clancy, Managing Director and Head of Portfolio Operations.
Prior to joining PSG, Cenanovic was Managing Director and Global Group Sector Head at Ontario Teachers’ Pension Plan in Toronto, Canada. There, he led the pension’s investments in the technology, media and telecom (TMT), financial services and healthcare sectors. At the organization since 2009, Cenanovic was deeply involved in several significant transactions, including Ascend Learning, which he worked on with Wilde and Bill Aliber of PSG.
Cenanovic will report to Peter Wilde and Mark Hastings.
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. The firm operates out of offices in Boston, Kansas City, London, Paris, Madrid and Tel-Aviv. In 2021, PSG closed its fifth North American fund at $4.5B in third-party limited partner commitments, bringing its total capital raised to over $10 billion.
FinSMEs
16/08/2022