Buyout firm TPG, which is involved in its largest Asian fundraising to date, has hired a new managing director who played a key role in China's biggest overseas acquisition in the technology sector.

Mary Ma joins the firm as partner and managing director from China's computer manufacturing company, Lenovo, where she was chief financial officer. At Lenovo, Ma was instrumental in the company's $1.75bn (€1.3bn) acquisition of IBM's personal computer division.