TPG hires former Dell CEO as senior adviser

NEW YORK, Aug 1 (Reuters) - Private equity firm TPG Capital said on Wednesday it has hired former Dell Inc. (DELL.O) CEO Kevin Rollins as a senior adviser focusing on investments in the technology and consumer sectors.

At Dell, Rollins was replaced by Dell founder Michael Dell in February as the No. 2 PC maker faced market share losses.

Prior to joining Dell in 1996, Rollins was a partner and director at consulting group Bain & Co., whose affiliate Bain Capital is among the top private equity firms.

TPG is currently investing a $15 billion private equity fund, among the largest leveraged buyout funds ever raised. Recent TPG deals include a $31.8 billion buyout agreement with Texas utility TXU Corp. TXU.N and a $25.7 billion buyout agreement with telecommunications company Alltel Corp. AT.N. (Reporting by Michael Flaherty)