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Sep 10,2017
Chang Sun Joins TPG as Managing Partner, China

Seasoned Executive Brings Over 25 Years of Investment Experience in China

Fort Worth, Texas and San Francisco – September 10, 2017 – TPG, a leading global alternative asset firm, announced today that it has named Mr. Chang Sun as Managing Partner, China. Chang Sun was most recently the Founder and Managing Partner of Black Soil Group Ltd, an impact investing firm he founded in 2015. In his new role, Chang Sun will oversee TPG’s investment activities in China across TPG Capital Asia, TPG Growth, and The Rise Fund.

“Attracting top-tier talent is a significant priority for TPG,” said Jon Winkelried, Co-CEO of TPG. “Chang’s appointment is an important addition to TPG’s strong and growing regional leadership team, and further underscores the strategic importance of Greater China to the firm as we continue to grow and evolve. We are excited to welcome him aboard, and look forward to leveraging his local experience and insights as we continue to build our network and presence in the region.”

Chang Sun has over 25 years of experience investing in China, and has been regarded as one of the pioneers of the nation’s private equity industry. Prior to founding Black Soil, Chang Sun was the Chairman, Asia Pacific, at Warburg Pincus, where he was responsible for starting the firm’s China business and building it into a leading private equity franchise. Throughout his career, Chang Sun has been an integral part of China’s investment community. He founded two industry trade organizations – the China Venture Capital and Private Equity Association (CVCA) and the China Real Estate Developers and Investors’ Association (CREDIA) – where he currently serves as Honorary Chairman and Executive Vice Chairman, respectively. Chang Sun is a member of the Asia Executive Board of the Wharton School, a member of the Board of Governors at the Lauder Institute of the Wharton School, and a member of the Asia Pacific Council of the Nature Conservancy.

“TPG is an innovative and entrepreneurial alternative asset manager with a multi-strategy and multi-platform approach that is very suitable for the China market,” said Chang Sun. “I am attracted to TPG’s global network, flexible approach, social impact investing platform, and rich experience investing in quality businesses around the world. TPG’s entrepreneurial spirit and innovative approach are unique among global alternative asset firms. I look forward to partnering with TPG’s senior management and the rest of the Asia team to continue to build its franchise in the region.”

Chang Sun joins TPG’s seasoned, regional investment team which has been actively investing in Asia for more than 20 years. The firm is one of the earliest global private equity investors in China and has made pioneering investments in numerous companies across a wide range of industries, including financial services, healthcare, retail, and TMT (technology, media, and telecommunications).

About TPG

TPG is a leading global alternative asset firm founded in 1992 with more than $73 billion of assets under management and offices in Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul, and Singapore. TPG’s investment platforms are across a wide range of asset classes, including private equity, growth venture, real estate, credit, and public equity. TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across its investment strategies and the performance of its portfolio. For more information, visit


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