An established track record
of leading investing

Weijian Shan is the Executive Chairman, Co-Founder and Member of the Board of PAG. He has more than 25 years of experience in private equity investment in the Asia-Pacific region and founded PAG’s private equity business in 2010. Between 1998 and 2010, he was co-managing partner of the private equity firm Newbridge Capital (now known as TPG Asia) and a partner of TPG. Before entering private equity, Shan was a managing director of JP Morgan, where he was concurrently the chief representative for China between 1993 and 1998. He was an assistant professor at the Wharton School, the University of Pennsylvania between 1987 and 1993. He also worked at the World Bank in 1987 as a member of its Young Professionals Program.

Shan is a Trustee of the British Museum. He is also a member of the International Advisory Council of Hong Kong Exchanges and Clearing Limited, and an independent director of Alibaba Group.

Shan is the author of Out of the Gobi: My Story of China and America (2019), Money Games: The Inside Story of How American Dealmakers Saved Korea's Most Iconic Bank (2021) and Money Machine – A Trailblazing American Venture in China (February 2023). He has published commentaries in the likes of the New York Times, the Wall Street Journal, the Financial Times, The Economist and Foreign Affairs.

Shan holds an M.A. and a Ph.D. from the University of California, Berkeley, and an M.B.A. from the University of San Francisco. He graduated with a major in English from the Beijing University of International Business and Economics.

Mr. Chris Gradel is Chief Executive Officer, Co-Founder and Member of the Board at PAG. He has over 20 years of investment experience and co-founded PAG in 2002. Before PAG, Mr. Gradel was an Engagement Manager at McKinsey & Company, Inc. Hong Kong from 1999 to 2002, and worked at The Marmon Group from 1994 to 1998.

Mr. Gradel received his master’s degree in Engineering, Economics and Management from Oxford University in 1994. He is a member of the Board of Trustees at the Standards Board for Alternative Investments, the hedge fund industry’s global standard-setting body, a member of the Investment Committee of Oxford University Endowment Management, and a Wykeham Fellow of New College, Oxford.

Mr. Jon-Paul Toppino is the President, Co-Founder and Member of the Board of PAG. Mr. Toppino has over 30 years of experience in real estate and distressed asset investment management and founded our Group’s Real Assets business which was established in 1997. Mr. Toppino has been the President and a Director of our Group since April 2011. Prior to joining our Group, Mr. Toppino held several senior positions at Secured Capital Corp (USA) and Secured Capital Japan Co., Ltd. (the predecessor of PAG Real Assets) from January 1993 to March 2011, including President and Representative Director.

Mr. Toppino received his Bachelor’s degree in Economics from Florida International University in April 1993. Mr. Toppino is a member of the Young Presidents Organisation. He is a full member of the Urban Land Institute and serves on the Japan Council.

Mr. Derek Crane is the Chief Operating Officer, Partner and Member of the Board at PAG. Mr. Crane has over 20 years of experience in financial operations, corporate management and risk management. Prior to joining PAG, he served as the Chief Financial Officer of ICAP, a company engaged in the interdealer broking markets. Mr. Crane also served in senior roles at UBS and at Jones Wertheimer Capital before that.

Mr. Crane is a Fellow Chartered Management Accountant and was admitted as an Associate by The Chartered Institute of Management Accountants. He is also a Fellow of The Chartered Institute of Securities and Investment in the United Kingdom and a Fellow of The Hong Kong Securities and Investment Institute.

Anjali Johannessen is a partner and Chief Talent Officer at PAG. She is responsible for overseeing talent management and planning of our Group. Ms. Johannessen has over 20 years of experience in human capital, recruiting and talent management. Prior to joining PAG, Ms. Johannessen was a director of professional development and practice operations at McKinsey & Company in their Hong Kong and New York offices. She started her career in investment banking at Goldman Sachs.

Ms. Johannessen graduated magna cum laude with Bachelor of Science degrees in finance and international business from Georgetown University.

Eddie Hui is a partner and Co-Head of Private Debt at PAG. He is responsible for supervising the operations and management of PAG’s private debt strategy under PAG Credit & Markets. Prior to joining PAG, he was a managing director at Blackstone.

Mr. Hui received his bachelor’s degree in accounting and finance with first class honours and his master’s degree in international and public affairs from the University of Hong Kong. He also obtained a master’s degree in business administration from INSEAD.

Anshumann Woodhull is a partner and Co-Head of Private Debt at PAG. He is responsible for supervising the operations and management of PAG’s private debt strategy under PAG Credit & Markets. Prior to joining PAG, Mr. Woodhull was a managing director and distressed asset trader with Deutsche Bank’s global markets division.

Mr. Woodhull received his Bachelor of laws degree from the University of Bristol.

Angus Wai is a partner at PAG and the Chief Executive Officer and Chief Investment Officer of Polymer Capital Management. He is responsible for supervising operations and management of Polymer, the multi-manager hedge fund platform Mr. Wai founded with PAG in 2019. Prior to Polymer, Mr. Wai was the Chief Executive Officer at Folger Hill Asset Management, and before that served as managing director and head of Asia-Pacific at Point72 Asia, an investment management company.

Mr. Wai received a Bachelor of Arts degree in Honours Chartered Accountancy Studies and a Master’s degree in Accounting from the University of Waterloo.

Lincoln Pan is a partner and Co-Head of Private Equity at PAG, responsible for supervising the operations and management of PAG’s Private Equity strategy. Prior to joining the firm, Mr. Pan was the Head of Greater China at Willis Towers Watson. He served in senior roles at Advantage Partners and GE Commercial Finance before that.

Mr. Pan received his bachelor’s degrees in history and English, Magna Cum Laude, from Williams College, and his Juris Doctor degree from Harvard Law School.

David Wong is a partner and Co-Head of Private Equity of PAG. He is responsible for supervising the operations and management of the Private Equity strategy. Prior to joining PAG, Mr. Wong was a vice president at TPG Capital (formerly known as Newbridge Capital). He worked in the investment banking division of Morgan Stanley before that.

Mr. Wong received bachelor’s degrees in business administration and Asian studies from the University of California, Berkeley.

Phi Le is a partner and Co-Head of Real Assets at PAG. He is responsible for supervising the operations and management of PAG’s Real Assets strategy. Prior to joining PAG, Mr. Le worked at Secured Capital Japan Co., Ltd. (the predecessor of PAG Real Assets) and Secured Capital Corp (USA).

Mr. Le received his bachelor’s degree in economics with concentrations in finance & operations and information management from the Wharton School at the University of Pennsylvania.

Broderick Storie is a partner and Co-Head of Real Assets at PAG. He is responsible for supervising the operations and management of PAG’s Real Assets strategy. Prior to joining PAG, Mr. Storie was the Chief Risk and Investment Officer for real estate investment at Pramerica Real Estate Investment. He previously worked in the real estate practice of Babcock & Brown Limited, an investment management company.

Mr. Storie received his bachelor’s degree in banking & finance and accountancy from the Queensland University of Technology.