Global alternative asset firm TPG appointed a new managing partner at its China-based business. He joins from rival investment firm Black Soil Group.
TPG named former Warburg Pincus investor Chang Sun as managing partner of its China business, effective immediately. Sun was a managing partner at Black Soil Group, an impact investing firm he founded in 2015.
Pioneering Move
Sun has over 25 years of experience investing in China, and has been regarded as one of the pioneers of the nation’s private equity industry. Prior to founding Black Soil, Chang Sun was chairman of the Asia Pacific region at Warburg Pincus. Sun was responsible for starting the firm’s China business and building it into a leading private equity franchise.
A Good Match
In his new role, Sun will oversee TPG’s investment activities in China, the firm said on its Website. «TPG is an innovative and entrepreneurial alternative asset manager with a multi-strategy and multi-platform approach that is very suitable for the China market,» Sun said according to the statement.
