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David Bonderman, co-founder of private equity firm TPG and co-owner of Seattle Kraken, dies at 82

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David Bonderman, a lawyer and investor who managed money for one of the richest families in Texas, helped create one of the giants of the private-equity business and pushed to bring professional hockey to Seattle,
David Bonderman, co-founder of TPG Inc., one of the world's largest private equity firms, has passed away at the age of 86. Bonderman, known for his significant contributions to the private equity industry, co-founded TPG in 1992 with Jim Coulter and William S. Price III. Under his leadership, TPG grew to manage over $135 billion in assets, investing in various sectors including healthcare, technology, and real estate. Bonderman was also recognized for his involvement in high-profile deals like the acquisition of Continental Airlines and the turnaround of Caesars Entertainment. Beyond TPG, he was a notable figure in sports, owning stakes in the Seattle Kraken of the NHL and the Austin FC of Major League Soccer. His death marks the end of an era for TPG and the broader private equity community, where he was celebrated for his strategic vision and deal-making prowess.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/david-bonderman-co-founder-private-192159515.html ]


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