Private Equity
Global buyout firm TPG Capital Management is set to roll out a new emerging markets-focused strategy for investments in infrastructure with the launch of a pledge fund. The infrastructure strategy from the global heavyweight private equity investor would be partially led by Jin-Yong Cai, a former CEO of The World Bank’s International Finance Corp who joined TPG early last year, Axios reported last week. As a region with large developing economies that have an expanding appetite for infrastructure, the sector has seen interest from large global alternative asset managers and strategic investors.