Alternative asset management firm TPG has named Jin-Yong Cai as a Partner, effective 1 February, 2016. Cai most recently served as the Executive Vice President and Chief Executive Officer of the International Finance Corporation (“IFC”), a member of the World Bank Group.
In a newly-created role, Cai will work across TPG’s investment platforms to source opportunities in projects and companies that help to accelerate the economic growth of frontier and emerging markets. Cai will leverage his own transaction expertise and deep relationships across Asia, Africa and Latin America as well as the insight and operational strength of TPG.
"Sourcing investments and helping build new businesses in frontier and emerging markets continue to be an important part of TPG’s business and future growth,” says Jim Coulter, Co-Founder and Co-CEO of TPG. “Partnering a leader of Jin-Yong’s experience and depth with our local teams in China, Southeast Asia, India and Africa is a truly exciting next step for TPG.”
“During our time together at Goldman Sachs, I saw firsthand Jin-Yong’s vision and expertise in identifying unique global investment opportunities,” says Jon Winkelried, Co-CEO of TPG. “Jin-Yong is a one of a kind leader in global investment and his relationships and transaction experience will be a tremendous addition to TPG.”
“TPG has uniquely positioned itself as a multi-disciplinary investor with a meaningful and significant presence in Asia and across new and emerging markets,” says Jin-Yong Cai. “Armed with the firm’s global footprint and robust operational platform, we are well placed to broaden and catalyse some of the unique opportunities that come from the huge need for capital and operational know-how in emerging economies.”
Cai is a 20-year veteran of the financial services industry, and has held senior roles at some of the world’s largest financial institutions, including Goldman Sachs, where he was a partner and top executive in China. He previously worked at Morgan Stanley and was a key player in developing China’s first joint venture investment bank, China International Capital Corporation.
