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David Bonderman, co-founder of TPG and Seattle Kraken co-owner, dies at 82
TPGTPG(TPG) Fox Business·2024-12-11 21:31

Group 1: Company Overview - David Bonderman co-founded TPG, an alternative asset management firm with a current market value of 24.3billionandaworkforceofover1,800across28globaloffices[1]−TPGhasinvestmentsinvarioussectors,includingtechnology,healthcare,realestate,andconsumerindustries[1]Group2:Bonderman′sCareerandContributions−Bondermanwasaprivateequitypioneerandlegalscholar,knownforhissignificantcontributionstotheinvestmentworldandconservationefforts[2]−Hetransitionedfromalegalcareer,wherehelitigatedracialdiscriminationcases,toinvestmentmanagementthroughhisconnectionwithRobertBass[4]−BondermanandhispartnerJimCoulterfoundedTPGaftersuccessfullyturninga24.3 billion and a workforce of over 1,800 across 28 global offices [1] - TPG has investments in various sectors, including technology, health care, real estate, and consumer industries [1] Group 2: Bonderman's Career and Contributions - Bonderman was a private equity pioneer and legal scholar, known for his significant contributions to the investment world and conservation efforts [2] - He transitioned from a legal career, where he litigated racial discrimination cases, to investment management through his connection with Robert Bass [4] - Bonderman and his partner Jim Coulter founded TPG after successfully turning a 66 million investment in Continental Airlines into a tenfold profit [6] Group 3: Board Memberships and Influence - Throughout his career, Bonderman served on the boards of over 80 corporate firms, including General Motors, Ryanair, and Kite Pharmaceutical [7] - He was also involved with various conservation organizations, such as the Wilderness Society and World Wildlife Fund [7] Group 4: Legacy in Sports - Bonderman was the founding owner of the Seattle Kraken, the NHL's 32nd expansion franchise, and was recognized for his visionary leadership in bringing the team to Seattle [8]