People moves

Pacific Alliance brings on board ex-TPG private equity veteran

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Hong Kong-based Pacific Alliance Group, which manages $5 billion in alternative investments, has brought in Weijian Shan, a top private equity dealmaker in China, as group chairman and CEO. Shan joins from TPG Asia, where he served as a partner.

Shan, who will join Pacific Alliance on 1 July, will lead its fundraising efforts for a new Asia-focused private equity buyout fund that will focus on large-size buyouts, structured transactions and strategic block investments, according to the firm.

He will maintain a business relationship with TPG, under an arrangement that enables TPG to have certain rights to participate in