Private equity billionaire David Bonderman, who co-founded the asset management firm TPG and was the co-owner of the NHL's Seattle Kraken, died Wednesday at the age of 82.
Billionaire David Bonderman, who co-founded the $239 billion alternative asset management firm TPG, died on Wednesday at the age of 82. Bonderman helped transform the company from a three-person investing office to a publicly traded force with a market value of $24.3 billion. Today, TPG boasts a global workforce of more than 1,800, with 28 offices around the world, and investments across a range of sectors, including the technology, health care, real estate and consumer industries.
Bonderman and Coulter eventually left Bass and made a bid to buy Continental Airlines out of bankruptcy in 1992. PRIVATE-EQUITY FIRM TPG RAISES $1 BILLION IPO The following year, the two were joined by Bill Price in founding private equity firm TPG, and turned a $66 million investment in Continental into a life-changing deal that yielded 10 times more in profit for the firm.
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