Ex-TPG Star Shan Nets US$1.7B For China-Focused P.E. Fund

Jul 12 2011 | 12:35pm ET

A former Texas Pacific Group executive has helped his new firm raised US$1.7 billion for its next buyout fund.

Weijan Shan joined PAG Asia Capital in Hong Kong last July as managing partner, chairman and chief executive. The US$7 billion firm runs private equity, hedge fund and real-estate strategies.

Shan has focused on fundraising for the new Pan-Asia, China-focused p.e. fund since November. Jong Kong-based PAG said today that it hopes to raise a total of US$2.5 billion for PAG Asia I over the next several months. Among the new fund's investors are some of TPG's institutional investors, the Financial Times reports.

Shan left TPG—which he joined in 1998—last June with hopes of launching his own fund with TPG's backing. He was among the private equity giant's most senior and successful dealmakers in Asia.


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.