Today on Dry Powder, we’re joined by Jim Coulter, cofounder and senior leader of TPG, to reflect on the legacy of his late partner, David Bonderman.
You can listen to this episode of Dry Powder and catch future episodes by subscribing on Apple Podcasts, Google Podcasts, Spotify, or wherever you may listen.
“Moments like this,” Jim says, “I think are valuable not only to give context on the industry but also for those of us who are still traveling: What can we learn from their paths?”
David forged an unusual path into the private equity industry. He started midcareer, at age 42, with no business degree and no direct experience in investing. He went on to tackle some of the most complex deals in private equity history.
On today’s episode, we reflect on the legacy of a PE innovator. We then turn our attention to how the industry recruits and tracks talent, and whether we’re at risk of losing unorthodox figures like David, who, Jim argues, are absolutely vital to private equity’s evolution.
“I think the important question,” Jim says, “the important lesson for us, is would he get into it today? Are we missing something as an industry if we don’t recognize the value of what David brought into the industry?”
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