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TPG Said to Hire Goldman’s Steve Sun to Boost China Deals

TPG Capital, the U.S. buyout firm that manages $48 billion, plans to hire Steve Sun from Goldman Sachs Group Inc. as a China partner, two people familiar with the matter said.

Sun, a managing director at Goldman Sachs’s private-equity unit, has resigned from the New York-based bank, the people said, asking not to be identified before an announcement. Sun hasn’t returned calls seeking comment.