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David Bonderman, Co-Founder Of TPG, Passes Away At 82

Seattle Kraken founding owner David Bonderman, right, steps up to the podium after the National Hockey League Commissioner Gary Bettman, left, named Seattle as the league's 32nd franchise, Dec.

David Bonderman, a prominent figure in the world of finance and sports, passed away at the age of 82. Bonderman, known for managing money for one of the wealthiest families in Texas, co-founded the asset-management firm TPG and his investment company Wildcat Capital Management. He was also instrumental in bringing professional hockey to Seattle with the creation of the Seattle Kraken team.

Bonderman's family and companies announced his death, stating that he was surrounded by loved ones at the time. While the cause of his passing was not disclosed, his impact on the private-equity business and investments was widely recognized. Forbes estimated his wealth at $6.4 billion in April, highlighting his success in corporate takeovers and profitable ventures.

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