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Private Equity Firms

TPG Capital has shuffled its Asia senior management team as the $48 billion-asset firm fights for investor dollars in the region, Reuters reported. TPG has made the changes ahead of wrapping up a new, roughly $5 billion Asia fund, its sixth regional fund. Sources with direct knowledge of the matter say Stephen Peel, a managing partner who came to Asia in 2008 to run TPG’s regional operations, has narrowed his focus to the key growth markets of China and India, while Ben Gray, who formerly managed just the Australia operations, has moved to Singapore with a focus on Southeast Asia and a more targeted approach to the big buyout markets of Australia and Japan, Reuters wrote.