David Bonderman once told his former boss that he did not know anything about investing. By the end of his life, he was considered a legend in the private equity world and had directed his firm, TPG, in doling out billions of dollars to turn around companies.

“Friend, brother, partner, teacher, mentor, psychologist, rock star,” Colony Capital co-founder Tom Barrack said of Mr Bonderman, who died on Wednesday at the age of 82. “A master-class professor in how to build long-line relationships and true irreplicable value in people and businesses.”

Bloomberg