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US private equity firm snaps up KKR veteran for Southeast Asia

TPG strengthens Singapore team as more asset managers see region as attractive

NEW YORK -- U.S. private equity giant TPG has hired away a veteran deal-maker from KKR to cover Southeast Asia as funding and investment activity in the region picks up and competition intensifies.

David Tan joins TPG in Singapore as a managing director in a move announced Monday. He spent more than a decade at KKR, including its Hong Kong and Singapore offices. TPG boasts over $108 billion in assets under management.

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