Western Private Equity Giants Bet Big on China
Firms like Carlyle know that having a local partner can help open doors.
Allen T Cheng
November 8, 2011
Stephen Peel, managing partner in Asia of TPG Capital, attends a memorandum of understanding signing between TPG and the Pudong government in Shanghai, China, on Monday, Aug. 23, 2010. TPG Inc., the buyout firm run by David Bonderman and Jim Coulter, is seeking to raise 5 billion yuan ($740 million) with the government of Shanghai's Pudong district for its first yuan-denominated private equity fund. Photographer Qilai Shen/Bloomberg *** Local Caption *** Stephen Peel
Qilai Shen/Bloomberg
