KKR’s David Tan crosses over to TPG as managing director

A man carrying an umbrella walks along the Jubilee Bridge in front of the city skyline in Singapore. Photographer: Nicky Loh/Bloomberg

US-based global alternative investor TPG has appointed long-time KKR executive David Tan as its managing director covering Southeast Asia. Tan will be based in the firm’s Singapore office.

He will work closely with TPG co-managing partner Ganen Sarvananthan, and TPG Capital Asia partner Dominic Picone, the firm announced on Monday.

Prior to taking the role at TPG, Tan served as a director on KKR’s private equity team where he spent over a decade in the firm’s Menlo Park, Hong Kong and Singapore offices.

Prior to joining KKR, he was with UBS Investment Bank in New York. He holds a bachelor of arts degree from the College of Arts & Sciences, University of Pennsylvania, and a bachelor of science degree from the Wharton School of the University of Pennsylvania.

TPG, which invests globally in alternative assets, has more than $108 billion of assets under management and invests in private equity, growth equity, real estate, credit, and public equity.

The firm has been in Asia for more than two decades. Its private equity arm is currently investing in the region, including Southeast Asia, out of its recently closed Asia-focused fund, TPG Capital Asia VII, worth over $4.6 billion.

The fund is said to invest in assets across India, China and Southeast Asia. The predecessor fund in the same series had raised $3.3 billion in 2014.

“TPG is highly respected as one of the first global firms to venture into Asia 25 years ago. I am delighted to join the firm at an important time when the Southeast Asia private equity market is becoming increasingly attractive,” said Tan.

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.