Business

David Bonderman, co-founder of private-equity giant TPG, dead at 82

December 11, 2024

David Bonderman, the co-founder of the $239 billion alternative asset management giant TPG, has died at the age of 82, the company said Wednesday.

Bonderman and Jim Coulter, former colleagues at the Bass Family Office, created TPG in 1992 and opened the firm’s first offices in San Francisco.

David Bonderman helped create TPG in 1992 and opened the firm’s first offices in San Francisco. REUTERS

He was born in Los Angeles in 1942 and was also the owner of the National Hockey League’s 32nd expansion franchise, the Seattle Kraken.

He won several accolades, including the Golden Plate Award from the American Academy of Achievement and the Woodrow Wilson Award of Corporate Citizenship.

Source link

Author

Wesley Scott

Wesley Scott is a seasoned business journalist with a knack for breaking down complex financial matters and corporate trends. With a background that includes seven years working on Wall Street, Wesley brings insider knowledge to his reporting, offering readers both depth and clarity. His articles cover a wide range of topics, from market trends and corporate leadership changes to business ethics and the impact of global events on industries. Known for his ability to identify emerging patterns in the business world, Wesley’s writing serves as a reliable resource for professionals and curious readers alike. Whether covering shifts in consumer behavior or unraveling the dynamics of corporate mergers, Wesley's work ensures his audience stays ahead of the curve.