David Bonderman, co-founder of TPG and co-owner of the Seattle Kraken, has died at the age of 82.

Billionaire David BondermanTPG, who co-founded the $239 billion alternative asset manager TPG, died on Wednesday at the age of 82.

Bonderman helped transform the company from a three-person investment office into a publicly traded company with a market value of $24.3 billion. Today, TPG boasts a global workforce of more than 1,800 employees, with 28 offices around the world, and investments across a range of sectors, including technology, healthcare, real estate and consumer industries.

“David was a private equity pioneer, legal scholar, environmentalist, and global citizen, and his legacy will live long with those who were fortunate enough to meet him,” TPG said in a statement.

Bonderman was a lawyer by training who joined… The world of investment Through his relationship with Robert “Bob” Bass, who asked him to move to Fort Worth, Texas, to help manage his family’s investment business.

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Prior to his work in the investment world, Bonderman worked as a lawyer on numerous trading-related issues Racial discrimination In the southern United States as a Special Assistant U.S. Attorney General during the administration of President Lyndon Johnson.

At the Bass family office, he met Jim Coulter, who became his business and investment partner for more than 38 years. Bonderman and Coulter Bass eventually left and made a bid for Continental Airlines From bankruptcy In 1992.

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The following year, Bill Price joined them in founding the private equity firm TPG, turning a $66 million investment in Continental into a life-changing deal that generated ten times more profits for the company. TPG has gone public In early 2022 at a valuation of more than $10 billion, Bonderman has been a controlling shareholder and board member dating back to its inception.

Bonderman has served on the boards of more than 80 companies throughout his career, including the automaker GM At the request of the US government, airline Ryanair and Kite Pharmaceutical.

He also served on the boards of the Wildlife Society, the World Wildlife Fund, the American Himalayan Foundation, and the Grand Canyon Fund.

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Bonderman was also the owner of National Hockey League 32nd expansion franchise, Seattle Kraken.

“It is with great sadness that we announce the passing of David Bonderman, founding owner of the Seattle Kraken,” the team said in a statement. “A visionary leader, David helped bring the 32nd NHL franchise to Seattle. His contributions to business, environmentalism, music and sports will long be remembered.”

Reuters contributed to this report.