TPG Capital names industry veteran Sun to head China business

Wangjing, China. Photo: Pixabay

TPG, a leading global alternative asset firm, has appointed Chang Sun as managing partner of its China business, according to a statement. His appointment has taken place with immediate effect.

In his role as managing partner at TPG, Sun will oversee the company’s investment activities in China across TPG Capital Asia, TPG Growth, and The Rise Fund.

He has also been associated with Warburg Pincus for 20 years in China but in 2015, Sun quit to start his own agriculture and impact investment firm, Black Soil Group Ltd.

“Chang’s appointment is an important addition to TPG’s strong and growing regional leadership team, and further underscores the strategic importance of Greater China to the firm as we continue to grow and evolve. We look forward to leveraging his local experience and insights as we continue to build our network and presence in the region,” said Jon Winkelried, co-CEO of TPG.

Sun has over two-and-a-half decades of experience investing in China. He has also been a significant part of China’s investment community. He founded two industry trade organizations – the China Venture Capital and Private Equity Association (CVCA) and the China Real Estate Developers and Investors’ Association (CREDIA) – where he currently serves as honorary chairman and executive vice-chairman, respectively.

On his appointment, Sun said, “I am attracted to TPG’s global network, flexible approach, social impact investing platform, and rich experience investing in quality businesses around the world. TPG’s entrepreneurial spirit and innovative approach are unique among global alternative asset firms. I look forward to partnering with TPG’s senior management and the rest of the Asia team to continue to build its franchise in the region.”

Last week, investment firm Jeneration Capital Management appointed Tony Zhang as partner who will join the team of buy-side professionals focused on direct private investments.

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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.

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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. 
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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.