TPG Taps Lee to Lead South Korea Private Equity Ops

Aug 23 2016 | 6:06pm ET

Global alternative asset company TPG has hired former Morgan Stanley private equity executive Sanghoon Lee as a partner at the firm. 

In his new role, Lee will be responsible for leading TPG Capital Asia’s investment activities in South Korea, assist in sourcing and managing new private equity investments there, and help further expand the firm’s presence in the Asia-Pacific region, TPG said in a statement. 

Lee has more than 15 years of investment and banking experience in the Korean market, having most recently served as managing director and head of Korea for Morgan Stanley Private Equity. He joined Morgan Stanley in 2010 from Merrill Lynch, where he led the company’s M&A and Capital Market transactions in South Korea.

“Many years of investing in Asia have reinforced my conviction in the investment opportunity in the region,” said Jon Winkelried, Co-CEO of TPG. “Continuing to build our business across Asia is an important priority for TPG, and I believe South Korea offers an exciting and dynamic opportunity for our firm. Sanghoon’s experience, local knowledge, and leadership make him an ideal partner to help us capitalize on the opportunities that lie ahead.”

TPG made its first investment in Asia in 1994. Since then, the firm has invested $8.1 billion into 69 investments across 12 countries through varied local and regional economic cycles. 

“We see Korea as a country poised for growth with untapped opportunities across multiple industries,” added Tim Dattels, managing partner of TPG Capital Asia. “TPG’s deep knowledge across sectors, together with Sanghoon’s track record as a leading investor in the country, makes for an exciting combination as we look to source and identify investment opportunities in this dynamic and economically impactful market.”

Founded in 1992, TPG Capital has deployed $49 billion into in more than 175 companies around the world. The company has more than $70 billion in assets under management across private equity, growth venture, real estate, credit, and public equity.

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