Cai moves on from IFC

Private equity firm TPG appoints IFC’s former vice-president and CEO Jin-Yong Cai as partner to identify projects increasing economic growth in frontier and emerging markets.

Jin-Yong Cai, former chief executive of International Finance Corporation, has joined private equity firm TPG Capital as partner.

Cai had joined International Finance Corporation, a member of the World Bank Group, as its executive vice-president and chief executive in 2012.

The World Bank Group is an international organisation with the aim of ending extreme poverty and building shared prosperity. It is made up of 188 member states, comprising 187 United Nation countries and Kosovo.

Cai previously worked for banking group Goldman Sachs and Morgan Stanley, where he was seconded to the joint venture investment bank China International Capital Corporation when it was created.

The role at TPG will have Cai working across its investment platforms to identify opportunities in projects and companies that increase economic growth in frontier and emerging markets.

Cai said: “TPG has uniquely positioned itself as a multi-disciplinary investor with a meaningful and significant presence in Asia and across new and emerging markets.

“Armed with the firm’s global footprint and robust operational platform, we are well placed to broaden and catalyse some of the unique opportunities that come from the huge need for capital and operational know-how in emerging economies.”

– image courtesy of Linkedin

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