A TPG deal in Russia led to fisticuffs and lawsuits, but beyond the headlines lie attractive PE opportunities – if investors take the sovereign wealth fund approach.
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As a result of the move, co-founder Chris Gradel takes on a newly created role as CIO of the hedge funds and distressed business.
TPG Capital partner Stephen Peel will replace Dan Carroll as head of Asia in addition to his current Russia and Eastern Europe responsibilities.
The former Lenovo CFO is made partner and managing director at TPG with a focus on China. Similar hiring strategies have been adopted by Blackstone and CVC.