David Bonderman, co-founder of the global investment firm TPG and the visionary behind the NHL’s Seattle Kraken, passed away Wednesday at the age of 82, surrounded by family.
Known affectionately as “Bondo” to friends and colleagues, he leaves behind a legacy of groundbreaking achievements in business, sports, and philanthropy.
It is with great sadness that we announce the passing of David Bonderman, founding owner of the Seattle Kraken. A visionary leader, David helped bring the NHL’s 32nd franchise to Seattle. His contributions to business, conservation, music & sports will long be remembered. →… pic.twitter.com/U0Tqutg7yd
— Seattle Kraken (@SeattleKraken) December 11, 2024
Born in Los Angeles on November 27, 1942, Bonderman graduated Phi Beta Kappa from the University of Washington in 1963 with a degree in Russian studies.
He went on to earn his law degree from Harvard Law School in 1966, graduating Magna Cum Laude. His academic pursuits also included a Sheldon Fellowship, which took him to Egypt and the Middle East to study Islamic law and gain fluency in Arabic.
His global curiosity inspired the Bonderman Fellowships at the University of Washington, enabling over 300 students to travel the world.
Bonderman’s career began in academia and law, including a stint as Special Assistant to the U.S. Attorney General in the Civil Rights Division under President Lyndon Johnson.
In private practice at Arnold & Porter, he specialized in corporate law and antitrust litigation, earning a reputation for his incisive judgment.
In the 1980s, Bonderman pivoted to finance after working with Robert Bass, managing the Bass family investment business. This partnership laid the groundwork for TPG, which Bonderman co-founded with Jim Coulter and Bill Price in 1993.
Under Bonderman’s leadership, TPG grew into a global powerhouse with $240 billion in assets under management, thanks to its bold investments and innovative strategies.
Bonderman’s ventures extended beyond finance. In 2018, he led the effort to bring NHL hockey to Seattle, founding the Kraken and overseeing the construction of the state-of-the-art Climate Pledge Arena.
His influence was felt in the team’s branding, including his suggestion to add the Kraken logo’s signature red eye. The Kraken began play in 2021 and are now in their fourth season.
Beyond his professional success, Bonderman was deeply committed to environmental conservation, education, and music. He supported organizations like The Wilderness Society and the World Wildlife Fund and served on the board of the Rock and Roll Hall of Fame.
His personal passions included adventure, philanthropy, and building connections across diverse communities.
Despite his achievements, Bonderman remained humble and curious, often mentoring young entrepreneurs.
His children described him as a devoted father and grandfather who prioritized family time. “We are all grateful for having experienced his wisdom, wit, generosity, and love,” they said in a statement.
Tod Leiweke, CEO of the Seattle Kraken, praised Bonderman’s vision and humility. “David was a visionary; unafraid to take on challenges and make bold decisions,” Leiweke said. “With his daughter, Samantha as our owner, we will proudly continue his legacy.”
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