TPG Asia managing partner Ganen Sarvananthan has been chosen to lead the firm's activity and continued expansion in the Middle East, according to the announcement. Sarvananthan's hiring comes as TPG's business in Asia has grown significantly across all investment strategies, and also underlines the firm's commitment to create a dedicated presence in the Middle East, a developing region and area of investment for the firm.
Sarvananthan will continue to support TPG's existing businesses and expansion across Asia as head of Asia and the Middle East, while also focusing on the firm's strategic alliances and growth in the Middle East. Sarvananthan will remain a TPG co-managing partner.
Capital Asia, the firm’s Asia-dedicated late-stage private equity business, in partnership with co-managing partners Joel Thickins (Australia) and Puneet Bhatia, as per thestar.
“TPG was one of the first private equity firms to invest in Asia. Now, with the completed integration of TPG NewQuest and the expected Angelo Gordon acquisition, we will have a formal presence in eight cities across the broader region,” said Sarvananthan.
“The Middle East will be a key driver of our firm’s future growth, and I look forward to partnering with our teams to capitalize on the opportunities we are seeing in these markets.”
Sarvananthan joined TPG as a partner in 2014 and has subsequently held a number of senior positions in the firm's Asia division, most recently as co-managing partner of TPG Capital Asia and Co-Head of Southeast Asia.