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Former Ontario Teachers' Pension Plan deal maker Glen Silvestri has a new job, joining Toronto private equity firm Imperial Capital as a partner.
Mr. Silvestri departed about a year ago from Ontario Teachers, where he ran the technology, media and telecommunications group for the pension fund's private equity division. He was probably best known as the Teachers' point man on Maple Leaf Sports & Entertainment when the pension fund owned a big chunk of the sports franchise manager.
Mr. Silvestri started work at Imperial on Monday, just in time to help the company get to work investing some of the $295-million it just raised for its newest fund. He is one of a team of five partners at the firm, and he will bring expertise in new areas, said Jeffrey Rosenthal, a co-founder and managing partner of Imperial.
"He has spent time in industries we don't know as well," said Mr. Rosenthal.
Imperial's focus has traditionally been in food, business services, branded consumer products and health care. The firm has steadily grown from its first small fund, and has remained largely funded by high net worth investors, even as its size has grown tremendously.
Adding Mr. Silvestri will also give Imperial more contacts in the institutional community, should the firm look to raise more money from larger investors.