Texas Pacific recruits Tokyo head

Jun Tsusaka, a veteran private equity investor and investment banker, has joined US-based buyout firm Texas Pacific Group to head up its Japanese activities from Tokyo.

Jun Tsusaka has joined Texas Pacific Group as a partner in its Tokyo office. He will have lead responsibility for building TPG’s local operations and guiding the firm’s strategy in Japan.

A Japanese national, 45 year-old Tsusaka co-founded US buyout firm Brera Capital in 1997 and served for a number of years as managing partner of the Stenbeck Group family office. Prior to that, he was an M&A banker at Goldman Sachs in New York.

A press release said that Tsusaka would “work closely” with Masayuki Yasuoka, who left General Electric to join TPG as a partner last year.

“The addition of Jun to our Asian team is an important step in the evolution of our Japan business,” said Dan Carroll, co-managing partner of TPG affiliate Newbridge Capital, in a statement. “The local private equity market is moving away from distress investing and now requires the operational skill set we have brought to other markets in Asia.”

In March this year, TPG subsumed its Asian affiliate, Newbridge Capital, and devolved its partnership with Newbridge co-sponsor Blum Capital Partners. Newbridge, which was formed in 1994, launched Asian offices in Hong Kong, Mumbai, Seoul, Shanghai, Singapore and Melbourne in addition to Tokyo. The Tokyo office was established in 2001.