TPG’s Top China Partner To Lead P.E. Firm Pacific Alliance

Jun 21 2010 | 1:47pm ET

Hong Kong private equity firm Pacific Alliance Group has named former TPG Capital executive Weijian Shan as its new chairman and CEO.

Shan will start at PAG on July 1, less than a month after leaving Texas Pacific Group. He was the buyout giant’s top partner in China, having spent a dozen years with the firm, engineering its investment in Chinese lender Shenzhen Development Bank, which earned TPG more than $1 billion.

PAG, which manages about US$5 billion, plans to launch a new Asia-focused p.e. fund, led by Shan, who brings “significant capital commitments” to his new firm. Among those all-important client relationships is TPG itself, which will have some co-investment and co-sponsorship rights in PAG deals. Shan is also remaining an advisor to some TPG portfolio companies.

“I originally planned to start my own fund rooted in and committed to Asia, but having subsequently come to know the founders of Pacific Alliance Group and their investment platforms, I decided instead to partner with them to a grow a best-in-class private equity franchise,” Shan said.

“We genuinely believe that we are at an inflection point for the alternative investment industry in Asia, with local firms now able to attract the very best in the industry,” PAG founder Chris Grandel said.

PAG also said it had hired David Kim to serve as chief operating officer of its p.e. business. Kim joins from Nomura International, where he was head of Asia institutions.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR