TPG partner departs

Hong Kong-based Justin Chang has left the firm after 16 years.

Justin Chang, a partner at global private equity firm TPG Capital, has ended his 16-year tenure at the firm.
A TPG spokesman confirmed his departure but declined comment further.

Based in Hong Kong, Chang focused on TPG’s technology practice. He sat on the boards of portfolio companies including information management company Crystal Decisions, computer manufacturer Lenovo Group and power solutions supplier ON Semiconductor. 

In January, the firm appointed Stephen Peel to head its emerging markets operations in Asia. Peel replaces Dan Carroll, who returned to San Francisco for personal reasons.

TPG’s fourth Asian fund closed on $4.2 billion in June last year. The buyout fund invests between $100 million and $400 million per deal across all sectors, excluding the greenfield and real estate sectors.