The Globe and Mail reports in its Thursday edition that the head of venture capital and growth-equity investments at Ontario Municipal Employees Retirement System, Saar Pikar, is leaving the pension fund to be president of Toronto investment firm Kensington Capital Partners Ltd. The Globe's James Bradshaw writes that Mr. Pikar starts on July 28 at Kensington, a private equity and venture capital firm with $2.1-billion under management, and will report to chief executive officer Tom Kennedy. This is the third time the head of the OMERS ventures team has changed in three years, continuing a period of rapid turnover at the top of the unit after the prior departures of Damien Steel in 2023 and Michael Yang two years later. OMERS expects to announce its plans for the division's new leadership in the coming weeks. Kensington is also hiring Bogdan Cenanovic as a senior managing director and head of private equity, with a mandate to expand the company's mid-market buyout business. OMERS Ventures launched in 2011 and was an early backer of several Canadian start-ups and founders. It has made investments in 46 companies, including success stories such as Shopify, Hopper, Wattpad and more recently Xanadu Quantum Technologies.