TPG has named Sanghoon Lee as a partner at the global private equity giant, responsible for leading TPG Capital Asia’s investment activities in South Korea, the firm announced today.
Lee most recently served as managing director and head of Korea for Morgan Stanley Private Equity. Before joining Morgan Stanley in 2010, Lee was with Merrill Lynch, where he led the company’s M&A and Capital Market transactions in South Korea.
The addition of Lee builds on a series of key leadership appointments made in 2016 by TPG in Asia, including Jin-Yong Cai, Jia Dong, Daniel Hu, JinPing Sun, and Joel Thickins, who will formally join TPG in October as Country Head of Australia.
"Many years of investing in Asia have reinforced my conviction in the investment opportunity in the region," said Jon Winkelried, Co-CEO of TPG. "Continuing to build our business across Asia is an important priority for TPG and I believe South Korea offers an exciting and dynamic opportunity for our firm."
In 1994, TPG made its first investment in Asia and opened its first office to lead private equity investments in the region.
Since that time, TPG has invested US$8.1 billion in 69 investments across 12 countries.
The firm’s investments in South Korea include Korea First Bank and Hanaro Telecom. At the firm, Lee will assist in sourcing and managing new private equity investments for TPG Capital Asia in South Korea.
"We see Korea, in particular, as a country poised for growth with untapped opportunities across multiple industries," said Tim Dattels, managing partner of TPG Capital Asia.