TPG has poached one of Goldman Sachs’ Chinese dealmakers as the US private equity group seeks to rebuild its team in China following a number of recent defections.
Steve Sun, a principal in Goldman’s private equity firm in Hong Kong, is set to join TPG’s China group alongside Sing Wang, also a former Goldman executive, and Ricky Lau.
Mr Sun has been offered the prospect of a percentage of the profits on any deal he completes, something an investment bank would have difficulty matching.
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