David Bonderman, Co-Founder of Private Equity Giant TPG, Dies at 82

David Bonderman, a founder of the giant investment firm TPG, who helped transform private equity into a multitrillion-dollar industry that reshaped corporate America, died on Dec.11.

He was 82.His death was announced by his family, TPG and the Seattle Kraken, the National Hockey League franchise he co-founded.The cause and place of death were not disclosed.Mr.

Bonderman, a lawyer, took various legal paths over his career — law professor, civil rights lawyer, corporate lawyer — before becoming a financier.That led him to create what is now TPG, a $239 billion financial giant that buys companies, invests in start-ups, makes loans and more.TPG is one of the biggest players in what Wall Street calls alternative investments, among the fastest-growing businesses in finance, and has minted many Midas-level fortunes.

Mr.Bonderman had an estimated net worth of about $6.7 billion, according to Forbes.Though Mr.

Bonderman stepped down from day-to-day management at TPG about a decade ago, he retained the title nonexecutive chairman.“David Bonderman was one of the most creative and innovative deal makers since 1990,” Stephen A.

Schwarzman, a founder of Blackstone and a longtime rival, said in a statement.Henry R.

Kravis of KKR, another competitor, said Mr.Bonderman was “a real pioneer in the alternative investment space.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access.

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