Ontario Teachers’ loses head of TMT

Bogdan Cenanovic was named interim head of the team, replacing Glen Silvestri (pictured), who left the Canadian pension system in July.

Glen Silvestri, director at Teachers’ Private Capital who headed up private equity investments in the telecom, media, technology and energy services sectors, has left the system, a spokesperson confirmed. It’s not clear if Silvestri has taken a job elsewhere.

Silvestri, who joined Teachers’ in 2001, departed in July. He has been replaced, on an interim basis, by Bogdan Cenanovic, who joined the direct private equity investment arm of the Ontario Teachers’ Pension Fund, in 2009.

Cenanovic was previously a principal at TorQuest Partners and prior to that, a vice president at EdgeStone Capital Partners. 

Earlier this year, Teachers’ Private Capital reported that it had generated a return of 18.6 percent in 2012, well above its 13.3 percent benchmark. The private equity portfolio produced gross realisations of C$5 billion during the year, and Teachers’ completed 13 direct investments in 2012. 

Ontario Teachers’ Pension Plan also established a Hong Kong office this year, appointing Alison Nankivell as head of the office.