People Digest: Canadian pension fund CPP Investments, SG’s Antler strengthen board

Boon Sim (left) and Ole Ruch.

Canada Pension Plan Investment Board and Singapore-based early-stage VC and accelerator Antler have appointed new board members.

CPP Investments ropes in former Temasek senior exec

The Canada Pension Plan Investment Board (CPP Investments) has added former Temasek International executive Boon Sim to its board of directors, according to an announcement.

“Sim has close to three decades of global experience in the finance industry and expertise in a range of sectors including technology and healthcare,” the pension fund.

Sim held senior roles at Temasek International between 2012 and 2017 and was the president of the Singapore state investment firm’s American operations, as well as head of markets groups and head of life science and credit portfolios.

Before his tenure at Temasek, Sim was with Credit Suisse Group and its predecessor firm, The First Boston Corporation. He is also the founder and managing partner of Artius Capital Partners, a New York-based growth and private equity investment firm.

Sim, who holds a Master of Science in Engineering from Massachusetts Institute of Technology, is currently a member of the Yale University School of Management Board of Advisors.

CPP Investments had a net asset value of C$409.6 billion ($305 billion) as of March 31, 2020, according to the announcement.

The pension fund has built a significant presence in Asia through its investments in fund managers and regional businesses. It has committed capital to general partners such as Sequoia Capital, Baring Asia, Hillhouse Capital, MBK Partners and CVC Capital’s Asia buyout fund.

Meanwhile, its direct investments include large companies such as China’s Alibaba and Meituan Dianping, Delhivery in India, Indonesian toll road operator PT Lintas Marga Sedaya, and a joint venture with ESR to invest in Korea’s logistics real estate.

Antler appoints ex-WeWork Asia head as partner, board member

Singapore-based accelerator Antler has roped in former WeWork Asia head Ole Ruch as a partner and board member.

Antler said Ruch will focus on international expansion, strategic partnerships and investment management.

Ruch had a five-year stint at WeWork, wherein he launched and oversaw the co-working company’s expansion and operations in the region as managing director and head of Asia, before subsequently leading WeWork’s global strategy.

He is also the founder and managing partner of Nordstar, an advisory and investment firm.

Ruch is an angel investor himself, having pumped in capital in growth companies. He has held senior roles in companies such as Airbnb, Groupon and Fredensborg AS, the third-largest residential owner-operator in Europe.

“My relationship with Antler began as an early investor … I wanted to take things a step further,” Ruch said in a statement.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.