TPG Taps Chang Sun To Lead China Business

Sep 11 2017 | 6:45pm ET

Global alternative asset company TPG has named former Warburg Pincus executive Chang Sun as the company’s managing partner in China. 

In his new role, Chang Sun will oversee TPG’s investment activities in China across TPG Capital Asia, TPG Growth, and The Rise Fund, the company said in a statement. He has more than 25 years of experience investing in China, and has been regarded as one of the pioneers of the nation’s private equity industry. 

Chang Sun was most recently the Founder and Managing Partner of Black Soil Group Ltd, an impact investing firm he founded in 2015. Prior to founding Black Soil, Chang Sun was the Chairman, Asia Pacific, at Warburg Pincus, where he was responsible for starting the firm’s China business and building it into a leading private equity franchise.

He also 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. 

“Attracting top-tier talent is a significant priority for TPG,” said Jon Winkelried, co-CEO of TPG, in the statement. “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.”

TPG’s regional investment team has been actively investing in Asia for more than 20 years. The company was among the earliest global private equity investors in China, and has made pioneering investments in numerous companies across a wide range of industries, including financial services, healthcare, retail, and TMT.

Founded 1992, TPG has more than $73 billion of assets under management deployed across a wide range of asset classes, including private equity, growth venture, real estate, credit, and public equity. 

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