PSG, a growth equity firm partnering with software and technology-enabled services companies, has appointed 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, Cenanovic will lead underwriting for PSG’s Encore strategy (Encore), 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.
