Ontario Teachers’ makes two PE appointments

The Canadian pension plan has promoted two in its private equity investment teams, alongside a further two in portfolio construction and infrastructure.

The Ontario Teachers’ Pension Plan (OTTP) has appointed Bogdan Cenanovic as vice president of direct private investments in the technology, media and telecom sectors and Michael Murray as vice president of direct private equity investments in the financial sector.

Cenanovic has worked at OTTP for more than seven years. In his new role he will lead Ontario Teachers’ direct private equity investment team focusing on technology, media and telecom subsectors – such as enterprise software solutions, communications infrastructure and technology enabled services, according to OTTP’s website.

Since joining OTTP, Cenanovic has been involved in a number of notable transactions including Flexera Software, Blue Coat Systems and Ascend Learning. He previously served as principal at venture capital firm TorQuest Partners and vice president at Eagle Capital Partners.

Murray joined the pension fund in 2005 from Bain & Company, where he worked as a consultant. He leads Ontario Teachers’ direct private equity investment team in the financial service sector, which focuses on property and casualty insurance, asset management and payments.

During his tenure he has led or co-led on five transactions totalling more than $700 million in invested equity, according to his Linkedin profile.

Alongside these promotions, OTTP has also appointed Chris Schindler as vice president of its portfolio management and asset allocation team and Dale Burgess to vice president of its Latin American infrastructure team.

The appointments closely follow the hire of Graven Larsen as executive vice president and chief investment officer in January, as reported by Private Equity International.

Toronto-based Ontario Teachers' managed $154.5 billion in net assets as of 31 December 2014 on behalf of 311,000 working and retired teachers.