Chang Sun, Founder Of Black Soil Group And Ex-Warburg Chief, Joins TPG China As Managing Partner

TPG announced today that it has named Chang Sun as managing partner, China. Chang Sun was most recently the founder of Chinese agricultural business Black Soil Group Ltd and was chairman, Asia Pacific at Warburg Pincus before that. In his new role, Chang Sun will oversee TPG’s investment activities in China across TPG Capital Asia, TPG Growth, and The Rise Fund.

"Attracting top-tier talent is a significant priority for TPG,” said Jon Winkelried, Co-CEO of TPG. “Chang’s appointment is an important addition to TPG’s strong and growing regional leadership team, and further underscores the strategic importance of Greater China to the firm as we continue to grow and evolve. We are excited to welcome him aboard, and look forward to leveraging his local experience and insights as we continue to build our network and presence in the region."

Chang Sun has over 25 years of experience investing in China. Prior to founding Black Soil, Chang Sun was the chairman Asia Pacific at Warburg Pincus, where he was responsible for starting the firm’s China business and building it into a strong private equity franchise.

Throughout his career, Chang Sun has been an integral part of China’s investment community. He founded two industry trade organizations – the China Venture Capital and Private Equity Association (CVCA) and the China Real Estate Developers and Investors’ Association (CREDIA) – where he currently serves as honorary chairman and executive vice chairman, respectively. Chang Sun is a member of the Asia Executive Board of the Wharton School, a member of the Board of Governors at the Lauder Institute of the Wharton School, and a member of the Asia Pacific Council of the Nature Conservancy.

“TPG is an innovative and entrepreneurial alternative asset manager with a multi-strategy and multi-platform approach that is very suitable for the China market,” said Chang Sun. “I am attracted to TPG’s global network, flexible approach, social impact investing platform, and rich experience investing in quality businesses around the world."

Chang Sun joins TPG’s regional investment team, which has been actively investing in Asia for more than 20 years. The firm is one of the earliest global private equity investors in China and has made investments in numerous companies across a wide range of industries, including financial services, healthcare, retail, and TMT (technology, media, and telecommunications).