New President and Head of Private Equity named
Saar Pikar (ex-OMERS) and Bo Cenanovic (ex-PSG, OTPP) join the executive team.
Private Equity
AGF-owned Toronto alternatives manager running a hybrid fund-of-funds and direct program across venture, growth and mid-market buyouts.
Kensington Capital Partners, founded in 1996, is a Canadian alternative asset manager with offices in Toronto and Vancouver and about C$2.1 billion in assets under management. It invests across venture capital, growth equity and North American mid-market buyouts using a hybrid model: LP commitments to other managers combined with direct investments and co-investments. Its flagship is the evergreen, RRSP-eligible Kensington Private Equity Fund for Canadian investors; there are also standalone venture funds and the ONE9 national-security platform. AGF Management bought a 51% stake in March 2024. Redemptions in the Private Equity Fund were suspended in September 2025 and its terms restructured in 2026, and the firm brought in a new President and a new Head of Private Equity in mid-2026. Its people page listed no open roles when checked.
0 open roles2 deals28 people18 sources
Leads its own North American mid-market deals (minority or control) in business services, manufacturing, healthcare and consumer. It also co-invests and commits to partner GPs. Led by the new SMD and Head of Private Equity.
Invests in scaling software and tech-enabled services companies that have outgrown the venture stage. This is part of the Kensington Private Equity Fund and the venture funds.
Active since 1996 through fund-of-funds and direct investments from seed to late stage. Vehicles include Kensington Venture Funds I–III and the BC Tech Fund.
A national-security and dual-use technology investing platform, created by acquiring the ONE9 venture business (Ottawa, led by Glenn Cowan) in 2025.
An evergreen fund launched in 2007 that gives Canadian investors RRSP-eligible exposure to venture, growth and buyout in roughly equal parts, through fund and direct positions. Redemptions were suspended in September 2025. In March 2026 unitholders approved a new framework allowing quarterly redemptions of about 5% of units, subject to available cash.
| Toronto | ON | headquarters |
| Vancouver | BC | office |
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From the inside
Reasons that work in interviews
3 reasons for Kensington Capital Partners
Private equity funds, direct investments and venture together, plus retail-accessible private equity structures, which almost nobody else in Canada offers.
You see both fund selection and direct deals.
Toronto-based with a broad Canadian mandate.
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How juniors get in
No public careers page or open postings, and its junior investment staff came from mixed backgrounds rather than a set banking or campus route; contact the firm directly to ask how it hires juniors.
Green: evidence it does. Struck through: evidence it doesn’t. Dashed: no public evidence either way.
Programs
IoT connectivity provider offering flat-rate cellular service for connected devices; co-investment with I Squared Capital.
Technology
Fabricator of oversized and jumbo architectural glass.
Manufacturing
Home and community care software platform; co-investment with Inovia.
Healthcare Technology
Customer experience and insights software company; co-investment with Georgian Partners.
Technology
Energy company; co-investment with Azimuth Capital.
Energy
Wealth management firm providing customized financial solutions for families.
Financial Services
Subscription commerce and cloud marketplace platform; co-investment with Inovia Capital.
Technology
Manufacturing group held as a direct buyout investment.
Manufacturing
Maker of autonomous floor-cleaning robots; co-investment with Golden Ventures.
Technology
Global media company producing and distributing television and digital content.
Media
Pet-focused business held in the Kensington portfolio.
Consumer
Last-mile delivery and logistics company (GoBolt); co-investment with Whitecap Venture Partners.
Logistics
Canadian fintech offering free credit scores and credit-building products.
Financial Services
Senior living residence partnership (Carp Commons, operated by Verve Senior Living).
Real Estate
Waste management, recycling and sustainability services provider for businesses across North America.
Business Services
Revenue-based financing provider for e-commerce businesses; co-investment with Inovia Capital.
Financial Services
Canadian healthcare services network held as a direct buyout investment.
Healthcare
Enterprise large language model and AI platform company.
Technology
AI-driven genetic medicine discovery company; co-investment with Future Ventures.
Life Sciences
Developer of metamaterial electronically scanned array radar; co-investment with Vanedge Capital Partners.
Technology
Mass timber manufacturer producing CLT and glulam building structures.
Manufacturing
HR, payroll and benefits software; Kensington-backed Humi was acquired by Employment Hero.
Technology
Defence technology company developing high-power microwave systems.
Technology
Software and payments provider for service-based small businesses; co-investment with Providence Equity.
Technology
Chief Executive Officer and Founder
Executive
Founded Kensington and chairs its Investment Committee. He previously spent about 10 years in operating roles at Consolidation Coal and Alberta Energy Company, then worked as a senior investment banker at Bunting Warburg, Lancaster and TD Securities. Queen's mining engineering degree; DBA, University of Edinburgh.
Chief Executive Officer
Leadership
President
Executive
President since July 28, 2026, with oversight of venture and growth investing (funds, directs and co-investments) and the ONE9 platform; he reports to the CEO. He was previously MD and Head of Ventures & Growth at OMERS, and before that spent 18 years at CDI Technologies, including 12 as CEO. Ivey MBA.
Vice Chair
Venture Capital / Investment Committee
Leads Kensington's venture program as Vice Chair and sits on the Investment Committee. He practised corporate and securities law at Osler for 12 years, then co-founded Brightspark Ventures, and has served as President and Chair of the CVCA. He moved from Senior Managing Director to Vice Chair in March 2026.
Vice Chair
Leadership
Vice Chair
Leadership
Managing Director and Chief Financial Officer
Leadership
General Counsel
Legal
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
Aug 10, 2026
Bogdan (Bo) CenanovicHire
Senior Managing Director, Head of Private Equity
PSG → Kensington Capital Partners
Hired to run the mid-market buyout platform; he reports to the President.
Jul 28, 2026
Saar PikarHire
President
OMERS → Kensington Capital Partners
Hired as President after a global search. He leads the investment teams and the venture/growth and ONE9 businesses.
Mar 25, 2026
Eamonn McConnellAppointment
Vice Chair
Kensington Capital Partners → Kensington Capital Partners
McConnell moved from CIO to an advisory Vice Chair role and left the Fund's Investment Committee. Ash Lawrence, Executive Chair and Head of AGF Capital Partners, joined the committee.
Mar 25, 2026
Richard NathanAppointment
Vice Chair
Kensington Capital Partners → Kensington Capital Partners
Nathan moved to Vice Chair and remains on the Investment Committee.
Apr 2, 2025
ONE9 venture capital investment business (plus minority stake in ONE9 Capability Labs)
Acquirer · Venture capital / national security technology
Buyer Kensington Capital Partners · Seller ONE9 (Glenn Cowan and team)
Kensington bought ONE9's venture investing business, so all of ONE9's future funds and direct deals will be done inside Kensington. It also took a minority stake in ONE9 Capability Labs with an option to buy the rest. ONE9's legacy investments stayed with the sellers.
Jan 15, 2024
Kensington Capital Partners Limited (51% interest)
Target · Alternative asset management
Buyer AGF Private Capital Inc. (AGF Management Limited) · Seller Kensington shareholders
AGF agreed to buy a majority interest in Kensington and completed a 51% stake in March 2024. Kensington became part of AGF Capital Partners while keeping investment and operational independence. The close date is month-level only (March 2024).
Saar Pikar (ex-OMERS) and Bo Cenanovic (ex-PSG, OTPP) join the executive team.
New quarterly redemption framework and simplified unit classes; McConnell and Nathan become Vice Chairs.
Suspended for an initial 90 days, citing three years of low IPO and M&A liquidity, with management fees cut by 10 bps. The suspension was extended at year-end 2025.
Launches a national-security investing platform.
A hybrid VC fund-of-funds and direct technology fund.
Definitive agreements signed with AGF Private Capital.
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Bay Street Oracle · Oct 8, 2026 · intelligence.baystreetoracle.ca
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Get your planSummer Analyst · Canada
At this size the intake is one or two people and rarely posted on a public careers page: it runs through campus contacts, referrals and direct approaches. Treat the absence of a posting as a reason to reach out rather than as evidence there is no seat. BSO has not confirmed a timetable for Kensington Capital Partners on an official page: this records that the intake exists and what the category's cycle looks like, not a published date. Confirm with the firm before you plan around it.
Typical background
GuidanceOne prior internship: a boutique bank, a small fund, transaction services, or a pension co-op.
Large-cap platforms and global multi-strategy funds
Upper mid-market PE, infrastructure, the Maple 8 and large managers
Mid-market PE, mid-sized managers, domestic hedge funds and smaller pensions
Kensington Capital Partners is hereSmall-cap private equity, boutique managers and early-stage VC
Where people go next
Guidance
Senior Managing Director and Head of Private Equity
Private Equity
Joined on August 10, 2026 to build out the mid-market buyout platform. He was previously an MD at PSG, where he led the PSG Encore strategy. Before that he spent nearly 13 years in Ontario Teachers' direct PE team, rising to MD and Global Group Sector Head, after earlier roles at TorQuest and EdgeStone. Ivey HBA and MBA.
Managing Director
Venture Capital
Managing Director on the venture capital team. He came from a 15-year career at Silicon Valley Bank, where he led its Canadian growth initiatives as Head of Business Development for Canada after earlier roles in Boston and the Carolinas.
Principal
Investment Team
Director
Investment Team
Director
Investment Team
Director, Technology and Operations
Operations
Director, Marketing
Marketing
Vice President, Investment Finance
Investment Finance
Vice President, Investment Finance
Investment Finance
Vice President, Portfolio Analytics and Valuations
Investment Finance
Vice President, Controller
Finance
Senior Associate
Investment Team
Associate
Investment Team
Associate
Investment Team
Analyst
Investment Team
Manager
Investment Team
Senior Legal Counsel
Legal
Senior Manager, Corporate Finance
Finance
Senior Manager, Investment Finance
Investment Finance
Manager, Investment Finance
Investment Finance