TPG hunts Asia Chairman - report
Buyout major TPG is reportedly looking for a new Asia Chairman able to help the firm compete in China.
According to Bloomberg, citing three sources close to TPG, the firm hopes to find a Chinese speaker to fill the role, and has already interviewed candidates.
Representatives from TPG did not respond to AVCJ's queries by press time.
China has represented a key market for the firm, which last year launched two RMB-denominated vehicles, one in Shanghai, which has long acted as a private equity hub, and the other in Chongqing. From Chongqing, TPG hopes to tap opportunities in Central and Western China. Both funds had targeted RMB5 billion ($735.5 million).
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