David Bonderman dies, leaving a legacy in private equity and Seattle sports

David Bonderman, a prominent figure in private equity and the co-owner of the Seattle Kraken hockey team, passed away at the age of 82. His death was announced by TPG, the asset management firm he co-founded, along with his investment company, Wildcat Capital Management, and the Kraken organization. Bonderman maintained a low public profile throughout his career, focusing on corporate investments and takeovers. Under his leadership, TPG became a significant player in various industries, managing billions in assets and making early investments in companies like Airbnb and Spotify. Born in Los Angeles on November 27, 1942, Bonderman's academic journey took him from the University of Washington to Harvard Law School, graduating in 1966. He initially taught law at Tulane University before joining the U.S. Justice Department later in the 1960s. In 1971, he became a partner at the prominent law firm Arnold & Porter, specializing in corporate and securities law. After a decade, he transitioned to private equity, working for the Robert M. Bass Group. His career led to the establishment of TPG, which now manages around $239 billion in assets. Bonderman's influence was felt beyond finance; he played a crucial role in shaping the Seattle Kraken's identity, contributing to the team's logo and brand development. Moreover, he was known for his interactions in high-profile settings, having attended Russian President Vladimir Putin's economic forums despite U.S. sanctions. His social life included notable figures, such as hosting the Rolling Stones and Paul McCartney for significant birthday celebrations. Survivors of Bonderman include five children and three grandchildren. His passing marks the loss of a significant player in both private equity and the sports world, which will be felt by colleagues, friends, and family alike. TPG and the Seattle Kraken have expressed their condolences and the impact he had on their organizations.