TPG, the private-equity firm founded by US billionaire David Bonderman, has hired Frederick Antwi, a former Goldman Sachs banker who was raised in Ghana, as a consultant to devise a strategy for prospecting investment opportunities in Africa, a person familiar with the situation said.

TPG is lagging its US private equity rivals Blackstone Group, KKR and Carlyle Group, which have already established teams for Africa and have started doing deals on the continent. Blackstone built a hydroelectric dam in Uganda, while KKR bought a rose farm in Ethiopia earlier this year. Carlyle has raised a dedicated African investment fund.