Co-Owner Of The Seattle Kraken Has Tragically Passed Away At The Age Of 82

David Bonderman, billionaire co-founder of TPG, a leading alternative asset management firm valued at $239 billion, passed away at age 82, the company announced Wednesday. The news was also confirmed by 'Complete Hockey News'.

David Bonderman and Jim Coulter founded TPG in 1992, launching its first offices in San Francisco. Today, the firm employs over 1,800 people globally and invests in sectors like technology, healthcare, real estate, and consumer goods.

TPG went public in early 2022, listing with a valuation of more than $10 billion. Its market value has increased to $24.3 billion, according to LSEG data.

During his career, Bonderman served on the boards of several major companies, such as General Motors, Ryanair, and Kite Pharmaceutical. He also co-owned the Seattle Kraken, the NHL's 32nd expansion team.

Born in 1942 in Los Angeles, Bonderman earned his degree from Harvard Law School in 1966, where he had been a member of the 'Harvard Law Review'.

He briefly taught at Tulane University School of Law before serving as a special assistant in the U.S. Civil Rights Division under President Lyndon Johnson from 1968 to 1969.

Familiarly called "Bondo," he had been a recipient of Harvard's Sheldon Fellowship, which provided money for a year of international research.

During his lifetime, he received a number of honors, including the American Academy of Achievement's Golden Plate Award and the Woodrow Wilson Award for Corporate Citizenship.

He leaves behind, according to 'Forbes', $7.4 billion and a legacy in the private equity world of innovation and leadership.