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David Bonderman, the lawyer turned personal fairness pioneer, has died at age 82.
Within the early Nineteen Nineties, Bonderman co-founded Texas Pacific Group and led the buyout of Continental Airways. That deal cemented his standing as a turnaround tycoon, placing put him to a category of financiers, reminiscent of Henry Kravis and Stephen Schwarzman, who have been daring sufficient to accumulate among the largest corporations within the US.
Bonderman got here into the world of high-stakes personal fairness buyouts from an unconventional route after first making his identify as a lawyer and preservationist.
In an announcement, Bonderman’s kids stated: “We’re all grateful for having skilled his knowledge, wit, generosity, and love. His zest for all times, and his passions, particularly sports activities and music, have been infectious.”
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