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

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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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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 has died.

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"Rarely the loudest person in the room, but often the smartest, David remained humble, once saying that his personal strength was ‘Not knowing a lot about something but knowing enough to make a decent decision,’” a statement from his family and companies said. In 1983, he went to work for the Robert M. Bass Group investment company in Fort Worth, Texas. With money from the Bass family, which traced its wealth to the exploits of Texas oil wildcatter Sid Richardson, Bonderman and partner Jim Coulter made several leveraged buyouts in the 1980s, including a hugely profitable investment in Continental Airlines.

When fellow director Arianna Huffington said data showed that having one woman on the board made it more likely a second would be added, Bonderman interjected, “Actually, what it shows is that it’s much more likely to be more talking.” He later apologized.

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