David Bonderman, Co-Founder Of Former CAA Parent TPG, Dies At 82

deadline.com:

David Bonderman, whose global investment firm TPG has been a major player in media and entertainment, died today at 82. A joint statement issued by TPG, Wildcat Capital Management (Bonderman’s family office), and the Seattle Kraken, the NHL’s 32nd expansion franchise which he acquired in 2018, said the billionaire investor known as “Bondo” passed away Wednesday surrounded by family and friends.

The LA native who studied at the University of Washington and Harvard Law School, founded TPG (formerly called Texas Pacific Group) in 1993 with Jim Bonderman and Bill Price, growing it into a publicly traded global alternative asset manager with nearly $240 billion of assets under management and 28 offices around the world.

The firm’s highest profile entertainment venture was its 13-year partnership with CAA. It exited in 2023, selling its majority stake to Artémis, the Pinault family’s investment company, for a pricetag said to be in the $7 billion range.

TPG’s real estate arm acquired leading sound stage owner Cinespace Studios in 2021. In 2022, it acquired Germany’s Studio Babelsburg.