David Bonderman, a towering figure in the worlds of finance, sports, and philanthropy, passed away on Wednesday, December 11, 2024, at the age of 82. His life was a tapestry woven with threads of intellectual brilliance, entrepreneurial spirit, and a deep commitment to education and conservation. From his humble beginnings in Los Angeles to his co-founding of the private equity giant TPG and co-ownership of the Seattle Kraken NHL team, Bonderman’s journey was marked by remarkable achievements and a lasting impact on the communities he touched. He leaves behind a legacy that extends far beyond the boardrooms and arenas, encompassing a passion for global exploration, environmental stewardship, and the transformative power of education.
Bonderman’s connection to Seattle ran deep, beginning with his undergraduate studies in Russian at the University of Washington, where he graduated Phi Beta Kappa in 1963. His commitment to fostering global understanding led him to establish the Bonderman Travel Fellowship program at his alma mater in 1995. This program empowers students to embark on independent international journeys, encouraging them to embrace the unexpected and broaden their perspectives through immersive cultural experiences. UW President Ana Mari Cauce lauded Bonderman’s unwavering support for experiential learning, emphasizing the profound impact his generosity had on countless students who benefited from the transformative opportunity to explore the world.
Bonderman’s legal acumen and dedication to public service led him to Harvard Law School and subsequently to a role as a special assistant to the U.S. Attorney General in the Civil Rights Division during the Johnson administration. His entrepreneurial drive then propelled him into the world of finance, where he co-founded TPG Capital in 1993. Under his leadership, TPG grew into a global private equity behemoth, managing nearly $240 billion in assets and boasting 28 offices worldwide. The firm’s successful investments in companies like Spotify and Airbnb, along with the acquisition of Washington-based Wave Broadband, solidified Bonderman’s reputation as a shrewd investor with a keen eye for emerging opportunities.
Beyond his financial successes, Bonderman harbored a deep passion for sports and played a pivotal role in bringing professional hockey back to Seattle. Returning to the Seattle Center, where he once worked as a security guard at the Space Needle during his college years, Bonderman spearheaded the effort to construct Climate Pledge Arena and secure the NHL’s 32nd franchise, the Seattle Kraken. His vision and dedication culminated in the Kraken’s inaugural season in 2021, fulfilling a long-held dream for Seattle hockey fans. His involvement in the sports world also extended to a minority stake in the Boston Celtics, showcasing his broad interest in professional athletics.
Bonderman’s influence extended far beyond finance and sports, reaching into the realms of conservation and cultural preservation. He served on the boards of prestigious organizations such as The Wilderness Society, the World Wildlife Fund, and the Rock and Roll Hall of Fame, demonstrating his commitment to protecting the environment and celebrating artistic expression. His diverse board memberships, including positions at Continental Airlines, General Motors, and MGM, further underscored his wide-ranging interests and influence across various industries. However, his career was not without controversy, as evidenced by his resignation from Uber’s board in 2017 following a sexist remark.
David Bonderman’s legacy is multifaceted, reflecting his intellectual curiosity, entrepreneurial spirit, and commitment to making a positive impact on the world. He was a devoted family man, a visionary businessman, and a passionate advocate for education, conservation, and the arts. His contributions to the University of Washington, the Seattle Kraken, and the broader business and philanthropic communities will continue to inspire future generations. His daughter, Samantha Holloway, a co-owner of the Kraken, carries forward his legacy in the world of professional sports, representing a new generation of leadership in a traditionally male-dominated field. Bonderman’s life story is a testament to the power of vision, determination, and a deep commitment to leaving the world a better place.
