TPG, a global alternative asset managment firm, has added Peter Munzig as a partner and head of business services for TPG Capital, the firm’s private equity arm.

Going forward, Munzig will lead the firm’s private equity investment activity and portfolio management in the business services segment. Prior to joining the firm, Munzig was with General Atlantic for 17 years and most recently served as managing director and head of the firm’s Palo Alto office.

“Peter’s broad experience investing in and advising companies across industries makes him an excellent fit to lead our business services strategy, which focuses on partnering with leading technology-enabled services businesses that are delivering increasingly critical outcomes for enterprises globally,” said Nehal Raj, co-managing partner of TPG Capital. “His appointment highlights TPG Capital’s ongoing commitment to developing deep expertise in our core sectors, and we’re confident his leadership and insight will allow us to expand our investing efforts in the space.”