Seattle Kraken tragically announce the passing of one of their co-owners

David Bonderman, billionaire co-founder of the $239 billion asset management firm TPG, passed away at the age of 82, the company announced on Wednesday. The Seattle Kraken later confirmed the sad news.

David Bonderman and Jim Coulter established TPG in 1992 after working together at the Bass Family Office.

The firm started in San Francisco and has since grown to employ over 1,800 people globally, with investments spanning technology, healthcare, real estate, and consumer sectors.

TPG listed in early 2022, at an initial valuation of more than $10 billion. Its market capitalization has since risen to $24.3 billion, according to LSEG data.

Over the course of his career, Bonderman sat on the boards of several top companies including General Motors, Ryanair, and Kite Pharmaceutical. He also co-owned the Seattle Kraken, the National Hockey League's 32nd franchise.

Born in Los Angeles in 1942, Bonderman graduated from Harvard Law School in 1966, where he was a member of the 'Harvard Law Review'.

He later became an assistant professor at Tulane University School of Law and worked as a special assistant in the U.S. Attorney General's Civil Rights Division during President Lyndon Johnson's administration.

At Harvard, Bonderman won the highly competitive Sheldon Fellowship, which allowed him to spend a year abroad researching.

During his lifetime, he garnered numerous honors, including the Golden Plate Award from the American Academy of Achievement and the Woodrow Wilson Award for Corporate Citizenship.

Nicknamed "Bondo," Bonderman was worth some $7.4 billion, according to 'Forbes'. He has stayed on as a controlling stockholder and member of the board of TPG since its founding.