TPG Capital focuses mainland investments
17 March 2008
American private equity firm TPG Capital will look increasingly to investment in key industries in mainland China as other parts of the world experience an economic slowdown, the South China Morning Post reported. TPG Hong Kong boss Mary Ma cited the strategic sectors of financial services, retail, technology and resources as offering attractive investment opportunities in China. Ma said consumer credit and asset management, as well as environment-related projects, were promising areas, and that the firm's partners are "very focused on China." TPG, formerly Texas Pacific Group, is among several firms seeking Morgan Stanley's stake in China International Capital Corporation.
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