Texas Pacific Group announced it will team with Sing Wang, former chief executive of TOM Group, to make growth and venture investments in North Asia.
Wang, 42, grew TOM Group from an Internet startup through a number of acquisitions to become a major Chinese-language multimedia business. The company, based in Hong Kong and listed on the Hong Kong Stock Exchange, had roughly $400 million in revenue in 2005.
Wang is a Chinese national who received an undergraduate degree in science from Yunnan University and went on to receive advanced degrees from Oxford University.
Texas Pacific, based in Fort Worth, Texas and in San Francisco, is in the process of integrating with former Asia affiliate Newbridge Capital, which has offices throughout Asia. The firm is currently putting the final touches on a private equity fund that has raised roughly $15 billion.