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在线翻译:
szdaily -> Business
TPG looks for growth in new areas
    2017-September-12  08:53    Shenzhen Daily

GLOBAL buyout firm TPG hired industry veteran Sun Chang as head of its China business, looking to grow beyond traditional private equity investments and into distressed opportunities and real estate, among other areas.

TPG named Sun managing partner for China, where he will head the firm’s buyout, growth and social investing business, according to a statement yesterday.

He joins other senior TPG hires in Asia, with more potentially coming onboard as the firm expands into new areas, said Tim Dattels, co-managing partner, TPG Capital Asia.

“This business is a people business and people are our most important asset. We will continue to bring the best talent to our platform,” Dattels said.

Private equity firms are raising record amounts of funds for investments in Asia, where deals are getting larger in size as buyouts increasingly target gaining control of companies. KKR & Co. in June raised US$9.3 billion for its most recent Asian buyout fund, an all-time high, with volumes seen growing further as TPG, Bain Capital and Blackstone Group all tap investors for their real estate, credit and buyout funds.

TPG is in the middle of raising about US$4.5 billion for its seventh Asia-focused fund, its biggest for the region, sources familiar with the plans said.

China’s slowdown could present opportunities in distressed assets and real estate, Dattels said, while the country’s focus on reducing the impact of pollution and its aging population mean health care and green-technologies are also a potential focus.

“Health care, as an investment theme, is going to be an area that will be a powerful hydraulic over the long run and fits well into our global practice,” Dattels said.

(SD-Agencies)

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