US-based global alternative investor TPG has appointed long-time KKR executive David Tan as its managing director covering Southeast Asia. Tan will be based in the firm’s Singapore office. Prior to taking the role at TPG, Tan served as a director on KKR’s private equity team where he spent over a decade in the firm’s Menlo Park, Hong Kong and Singapore offices. Prior to joining KKR, he was with UBS Investment Bank in New York. He holds a bachelor of arts degree from the College of Arts & Sciences, University of Pennsylvania, and a bachelor of science degree from the Wharton School of the University of Pennsylvania. TPG, which invests globally in alternative assets, has more than $108 billion of assets under management and invests in private equity, growth equity, real estate, credit, and public equity. The firm has been in Asia for more than two decades. Its private equity arm is currently investing in the region, including Southeast Asia, out of its recently closed Asia-focused fund, TPG Capital Asia VII, worth over $4.6 billion. The fund is said to invest in assets across India, China and Southeast Asia. The predecessor fund in the same series had raised $3.3 billion in 2014. “TPG is highly respected as one of the first global firms to venture into Asia 25 years ago. I am delighted to join the firm at an important time when the Southeast Asia private equity market is becoming increasingly attractive,” said Tan.