KUALA LUMPUR: Global alternative asset management firm TPG has announced that TPG Asia managing partner Ganen Sarvananthan has been appointed to lead the firm's activity and continued expansion in the Middle East.
In a statement, TPG said Sarvananthan’s appointment follows significant growth of its business in Asia across all investing strategies and reflects its commitment to establishing a dedicated presence in the Middle East, a growing region and area of investment for the firm.
In his role as head of Asia and the Middle East, Sarvananthan will continue to support TPG’s existing businesses and expansion across Asia and will additionally focus on the firm’s strategic partnerships and growth in the Middle East.
Sarvananthan will continue as co-managing partner of TPG
Capital Asia, the firm’s Asia-dedicated late-stage private equity business, in partnership with co-managing partners Joel Thickins (Australia) and Puneet Bhatia (India).
“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 in 2014 as a partner and has since held several leadership roles within the firm’s Asia business, most recently as co-managing partner of TPG Capital Asia and Co-Head of Southeast Asia.
Sarvananthan has been a member of TPG’s board of directors since its inception.