Insurance firms are directly investing more in private equity in China, and their lower return expectations can help them win deals, say general partners.
The hire of Lee Sanghoon as Korea head is a clear signal of intent that private equity group TPG plans to come back to that market with a vengeance.
Rothschild hires new HK chief; HSBC GAM names sales, distribution heads; TPG recruits Mumbai MD; Standard Life hires investment directors; Capital Group elects new chairman; and BNP names Vietnam head.
A TPG deal in Russia led to fisticuffs and lawsuits, but beyond the headlines lie attractive PE opportunities – if investors take the sovereign wealth fund approach.
As a result of the move, co-founder Chris Gradel takes on a newly created role as CIO of the hedge funds and distressed business.
TPG Capital partner Stephen Peel will replace Dan Carroll as head of Asia in addition to his current Russia and Eastern Europe responsibilities.