TPG’s Ben Gray to start his own PE firm
Ben Gray, managing partner at TPG Capital, is preparing to set up his own private equity firm focused on investment opportunities in Australia.
Gray will continue working with the company's Asia team until TPG Asia fund VI is invested, which it anticipates will be in 2017. The $3.3 billion fund was closed in May last year after more than two years in the market.
"Following the full investment of Asia VI, TPG will participate with Ben as he builds a new business focused on the Australia region. As TPG continues to grow our leading Pan-Asian private equity platform and building new businesses globally, we are excited about building on our success in Australia," said a TPG spokesman in a statement.
Based in Australia, Gray has served as co-head of the private equity firm's Asian operations for almost two years in conjunction with Tim Dattels.
Gray joined TPG in 2004 and has been a key player in the firm's high-profile investments, including Myer, Asciano, Alinta, Pet Barn, DTZ, Healthscope and Inghams.
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