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PRINT THIS PAGE Texas Pacific names Vivek Paul as partner to focus on technology and life sciences30/06/2005. Source: AltAssets. 
 Texas Pacific Group has named Vivek Paul, the vice chairman of Wipro, as a partner in its venture arm to focus on technology and life sciences investments.
The firm said in a statement that Paul was 'widely regarded as one of the world's most successful and respected executive.' He will work closely with professionals across TPG and with its Asian affiliate Newbridge Capital.
Paul, 46, was most recently the president and CEO of Bangalore-based Wipro Technologies. He helped build the firm from a $150m software business into one of the largest IT and outsourcing companies in India with revenues last year of $1.4bn.
William S Price, a founding partner of TPG, said, 'With our multiple investment funds, Vivek will be able to leverage his strengths across venture start-ups, leveraged buy-outs, growth investment and turnarounds, both in Asia and globally.'
Paul said, 'This is an extraordinary opportunity to join forces with a firm that is helping to reshape global business. Global private equity firms represent patient, smart capital pools that can be deployed on a worldwide basis.
'Few firms have the integrity and name recognition of TPG, and they have structured their funds in a way that allows me to apply my operating experience to multiple situations - with diversity in industry sectors, investment life cycle and geographic location,' he said.
TPG was founded in 1002 and now employs more than 100 professionals in several investment fund platforms including US and European large-scale buy-outs and venture capital.
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