David Bonderman, a renowned lawyer, investor, and pioneer of the private-equity business, passed away on Wednesday at the age of 82. Born in Los Angeles in 1942, Bonderman co-founded TPG, a global asset management firm that manages $239 billion in assets.
A highly successful investment banker, Bonderman played a crucial role in several high-profile leveraged buyouts, including a lucrative deal for Continental Airlines. He also served on the boards of various corporations and philanthropic organizations.
Bonderman’s career spanned politics, with him serving as a director on the Uber board before resigning following an incident over sexism. A longtime supporter of Republican President George W. Bush, he later backed Democrat John Kerry in the 2004 presidential election.
As a sports enthusiast, Bonderman was instrumental in bringing professional hockey to Seattle, investing in the Seattle Kraken expansion team. He also purchased a minority stake in the Boston Celtics.
Bonderman’s family announced his death, stating that he remained humble despite his immense wealth and success. His personal strength lay in his ability to make informed decisions, even when faced with unfamiliar territory. With five children and three grandchildren, Bonderman leaves behind a legacy as one of the most influential private-equity investors of his generation.
Source: https://www.espn.com/nhl/story/_/id/42914616/david-bonderman-led-kraken-ownership-group-dies-82