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Billionaire David Bonderman, who co-founded the $239 billion alternative asset management firm TPG, died on Wednesday at the age of 82.
Bonderman helped transform the company from a three-person investing office to a publicly traded force with a market value of $24.3 billion. Today, TPG boasts a global workforce of more than 1,800, with 28 offices around the world, and investments across a range of sectors, including the technology, health care, real estate and consumer industries.
“David was a private equity pioneer, legal scholar, conservationist, and citizen of the world and his legacy will long endure with those lucky enough to have met him,” TPG said in a statement.
Bonderman was a lawyer by training who got into the investment world through his connection with Robert “Bob” Bass, who asked him to move to Fort Worth, Texas, to…
