Company Overview of TPG Capital, L.P.

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Company Overview of TPG Capital, L.P.

Executive Profile

David Bonderman Co-Founder, Founding Partner, Managing Partner & Director, TPG Capital, L.P.

Age	Total Calculated Compensation	This person is connected to 18 Board Members in 18 organization across 47 different industries. See Board Relationships
76	--

Background

Mr. David Bonderman, J.D. is a Co-Founder, Founding Partner and Managing Partner of TPG Capital, L.P. and serves as its Chairman. Mr. Bonderman has been a Principal at TPG since December 1992. He is a Co-Founder of TPG Newbridge Capital and serves as its Principal and Co-Chairman. He serves as an Officer at 1996 Air G.P., Inc. He co-founded Indigo Partners LLC. He served as the President of Surgical Care Affiliates, Inc. Prior to forming TPG in 1992, Mr. Bonderman served ... as Chief Operating Officer of the Robert M. Bass Group, Inc. (RMBG), now doing business as Keystone Group, L.P. He was also a co-founder of both Hotwire.com and CoStar Group, Inc., He served as the President of ASC Acquisition LLC. Mr. Bonderman was Co-Founder of The Northstar Group. He was founder of The Halifax Group. He served as the Chief Operating Officer at Keystone Group, L.P. He joined Keystone Group, L.P. in 1983. Mr. Bonderman served as a Partner of Arnold & Porter LLP, where he specialized in corporate, securities, bankruptcy and antitrust litigation. He served as Treasurer of Wilderness Society. He was a Special Assistant to the U. S., Attorney General in the civil rights division from 1968 to 1969. He served as an Assistant Professor at Tulane University School of Law in New Orleans from 1967 to 1968. Mr. Bonderman serves as a Member of the Board at Metro-Goldwyn-Mayer Studios Inc. He was the Chairman of Pace Holdings Corp. since September 11, 2015. He is the Director of Allogene Therapeutics, Inc since April 2018. He served as a Director of Pace Holdings Corp. (formerly known as Paceline Holdings Corp.) from July 2015 to March 2017. He has been Chairman of TPG Pace Holdings Corp. since June 27, 2017 and Director since April 2017. He has been the Non Executive Chairman of Ryanair Holdings plc and Ryanair Limited since December 1996. From 1993 to 1996, Mr. Bonderman served as the chairman of Continental Airlines, Inc. Mr. Bonderman served as Vice Chairman of the Board of Gemplus International S.A since December 19, 2001. He has been Independent Non Executive Director of Ryanair Holdings and Ryanair Limited since August 23, 1996. He has been Director of Univision Communications Inc. since October 9, 2017. Mr. Bonderman serves as a Director of World Wildlife Fund, Inc. He has been Director of Caesars Entertainment Operating Company, Inc. since June 27, 2014. He serves as a Director at Hotwire, Inc. and Boston Championship Basketball, LLC. Mr. Bonderman serves in the General Partner Advisory Board roles for Air Partners III, Aqua International, Newbridge Asia Partners, Newbridge Latin America and TPG Ventures. Mr. Bonderman serves as a Director at XOJET, Inc. He serves as a Director at Banner Seventeen LLC, Agenesys Inc., Armstrong Worldwide Industries, Inc., Virgin Cinemas Ltd., Urogenesys Inc., New SAC, Co-Star Realty Information Inc. and Air G.P. Inc. Mr. Bonderman serves as a Member of Advisory Board of eVolution Global Partners, L.L.C. He has been a Director of Energy Future Holdings Corp. (Formerly known as Texas Utilties) since October 2007. He serves as a Member of International Advisory Board at Russian Direct Investment Fund. He serves as a Director of STX Productions, LLC. Mr. Bonderman serves on the Board of Directors of the University of Washington Foundation as well as the Harvard Law School Dean's Advisory Board. He has been Director at TPG Pace Energy Holdings Corp. since April 2017. He serves on the board of Airbnb, Inc., Cushman & Wakefield and The Rock and Roll Hall of Fame Foundation. He serves as a Director of the American Himalayan Foundation. He has been a Non-Executive Director of China International Capital Corporation Limited since November 2010. He serves as a Director and Trustee of the Grand Canyon Trust. He serves as Board Observer of LifeSync Holdings, Inc. He served as Director of Oxford Health Plans, LLC. He served as a Director of CoStar Group Inc. from May 1995 to June 3, 2015. He served as an Independent Director of Armstrong World Industries, Inc. from September 2009 to June 22, 2012. He served as Independent Director of Kite Pharma, Inc. from March 2011 to October 2, 2017 and also served as its Lead Independent Director since June 2014 until October 2, 2017. Mr. Bonderman served as a Director at Caesars Entertainment Corporation (formerly known as Harrah’s Entertainment, Inc.) from January 2008 to October 2017 and VTB Group from March 2011 to June 2014. He served as a Member of the Supervisory Council at JSC VTB Bank since June 8, 2012 until June 19, 2014. Mr. Bonderman served as a Member of the Supervisory Board at freenet AG from January 13, 2006 to January 13, 2006. He served as a Director of Uber Technologies, Inc. He served as a Director of General Motors Company since July 24, 2009 until June 10, 2014. He served as an Independent Member of the Supervisory Council of CJSC VTB Bank (Belarus). He served as a Member of the Supervisory Board at Mobilcom AG. Mr. Bonderman served as a Director of Gemplus International SA since December 19, 2001 and Motors Liquidation Company since July 24, 2009. He is a Director or Trustee of Wilderness Society, The. He served as Director of Univision Communications Inc. from April 2007 to October 06, 2011. He served as a Director of Portland General Electric Company. He served as a Director of Seagate Technology Public Limited Company (also known as Seagate Technology PLC and Seagate Technology Holdings) from November 2000 to April 29, 2004 and New SAC until April 29, 2004. Mr. Bonderman served as a Director of Washington Mutual Bank, J Crew Operating Corp. and J. Crew Group, Inc. He served as a Director of Veritas Software Technology Corporation and Standard Chartered Bank Korea Ltd. and Bowe, Bell & Howell Postal Systems Inc. He served as a Director of Voyager Learning Company (also known as ProQuest Co.) from December 1987 to November 5, 2004 and WMI Holdings Corp. (now WMIH Corp.) from April 15, 2008 to December 12, 2008. Mr. Bonderman served as a Director of ON Semiconductor Corp. from August 1999 to July 1, 2003. He serves as Director at Univision Holdings, Inc. He served as Director of Bell & Howell Co, since February 1993. He served as a Director of Magellan Health Services Inc. (now Magellan Health, Inc.) since December 1999, Gemalto NV from June 2, 2006 to May 19, 2010 and Burger King Worldwide, Inc. (now Restaurant Brands International Inc.) from December 2002 to June 30, 2008. Mr. Bonderman served as a Director of Agensys, Inc. and AerCap Ireland Limited. Mr. Bonderman served as a Director at Ducati Motor Holding S.P.A since 1996 and Korea First Bank Ltd. He served as a Director of IASIS Healthcare Corporation, Qantas Airways Limited, National Education Corp. since 1993, Seagate Software (Cayman) Holdings Corporation until April 29, 2004, Bell & Howell Holding Co., BHOC, from December 1987 to February 1993, Denbury Resources Inc., from 1996 to September 15, 2003, Paradyne Networks, Inc., from June 1999 to Augu

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Corporate Headquarters 301 Commerce Street Fort Worth, Texas 76102 United States Phone: 817-871-4000 Fax: 817-871-4001 Board Members Memberships Co-Founder, Founding Partner, Managing Partner & Director TPG Capital, L.P. Director Hotwire, Inc. Co-Founder, Principal and Co-Chairman TPG Newbridge Capital Director Banner Seventeen LLC Director XOJET, Inc. Director STX Productions, LLC 1996-Present Non-Executive Chairman Ryanair Holdings plc 1996-Present Chairman Ryanair Limited 2007-Present Director Energy Future Holdings Corp. 2010-Present Non-Executive Director China International Capital Corporation Limited 2011-Present Lead Independent Director Kite Pharma, Inc. 2017-Present Director Univision Communications Inc. 2017-Present Director Univision Holdings, Inc. 2017-Present Chairman of the Board TPG Pace Holdings Corp. 2018-Present Director Allogene Therapeutics, Inc. Education BA 1963 University of Washington JD 1966 Harvard Law School Other Affiliations AerCap Ireland Limited Voyager Learning Company Beringer Wine Estates Holdings, Inc. United Airlines, Inc. Denbury Resources Inc. Ducati Motor Holding S.p.A. J.Crew Group, Inc. Oxford Health Plans, LLC Paradyne Networks, Inc. Veritas Software Technology Corporation Mr. Cooper Group Inc. Gemplus International SA LoopNet, Inc. eVolution Global Partners, L.L.C. Mobilcom AG The Halifax Group Motors Liquidation Company Energy Future Holdings Corp. National Re Corporation National Education Corp. Portland General Electric Company Caesars Entertainment Corporation Magellan Health, Inc. Univision Communications Inc. CoStar Group, Inc. ON Semiconductor Corporation Ryanair Holdings plc Hotwire, Inc. LifeSync Holdings, Inc. Standard Chartered Bank Korea Limited TPG Newbridge Capital Restaurant Brands International Inc. Agensys, Inc. Qantas Airways Limited freenet AG Keystone Group, L.P. Bowe, Bell & Howell Postal Systems Inc. Arnold & Porter Kaye Scholer LLP China International Capital Corporation Limited Armstrong World Industries, Inc. Washington Mutual Bank Caesars Entertainment Operating Company, Inc. TPG Partners II, L.P. TPG Partners I, L.P. Halifax Capital Partners, L.P. Semiconductor Components Industries, LLC Seagate Technology plc University of Washington J Crew Operating Corp. Wilderness Society, The Harvard Law School Bell & Howell Co. Gemalto N.V. TPG Partners IV, L.P. VTB Bank (public joint-stock company) Indigo Partners LLC Banner Seventeen LLC IASIS Healthcare Corporation Halifax Capital Partners II, L.P. TPG Partners V, L.P. Ryanair Limited CJSC VTB Bank (Belarus) TPG-Star, L.P. XOJET, Inc. TPG Asia V, L.P. TPG Partners VI, L.P. TPG Financial Partners, L.P. Northstar Group General Motors Company SCAI Holdings, LLC Kite Pharma, Inc. Russian Direct Investment Fund Uber Technologies, Inc. Univision Holdings, Inc. TPG Capital BD, LLC STX Productions, LLC Pace Holdings Corp. Magnolia Oil & Gas Corporation TPG Pace Holdings Corp. Allogene Therapeutics, Inc.

Annual Compensation There is no Annual Compensation data available. Stocks Options There is no Stock Options data available. Total Compensation There is no Total Compensation data available.

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Bennett/City Attorney Mark Coon Meeting

The BENNETT MEETING WITH
The CITY ATTORNEY MARK COON 

Friends with Margaret Lesher
Son Found Dead Oct 2015 in New Orleans

Friends with everyone, known to politicians throughout Contra Costa County

Top Row: Contra Costa Board of Supervisors
Seated: Pete Bennett and Ralph H.
Top Right: The Strack Family
Bottom Right: John T. Nejedly

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Combining the two REITs will result in an entity that will have warehouse and distribution centers valued at $21 billion.

YOU ARE HERE: LAT Home→Collections→Acquisitions

Catellus to Be Bought by ProLogis

Combining the two REITs will result in an entity that will have warehouse and distribution centers valued at $21 billion.

June 07, 2005|Roger Vincent | Times Staff Writer

Catellus Development Corp., one of California's largest private landowners thanks to a lineage that dates to the earliest days of railroads in the West, has agreed to be sold for $3.6 billion in cash and stock to warehouse and distribution giant ProLogis.

Both companies are real estate investment trusts that develop and operate industrial properties. Catellus also owns Union Station in Los Angeles and a portion of the residential and office development at Mission Bay in San Francisco.

ProLogis will continue to develop Catellus' properties, including Kaiser Commerce Center, a 588-acre former Kaiser steel mill in San Bernardino County near truck routes that serve the ports of Los Angeles and Long Beach. Catellus also is constructing office buildings at Los Angeles Air Force Base in El Segundo with Kearney Real Estate Co.

Under terms of the deal, ProLogis would pay $33.81 a share, a 16% premium over Catellus' closing price Friday, or 0.822 share of ProLogis for each Catellus share. The total value of the deal is $4.9 billion including debt, the companies said, and marks the biggest U.S. real estate acquisition of 2005.

The announcement drove Catellus' shares up $3.75, or 13%, on Monday to $32.99. ProLogis' shares fell $1.26 to $40.11.

The combined company would have more than 350 million square feet of warehouse and distribution centers valued at $21 billion.

"Catellus has the best industrial portfolio in the United States," said Jeffrey H. Schwartz, chief executive of ProLogis. The majority of Catellus' holdings are in California, which Schwartz called the top industrial real estate market in the country, with six times more buildable land in the state than ProLogis.
"We wanted a much larger presence in Southern California, and that was a driving reason to do this" acquisition, Schwartz said.

Catellus is "one of the most aggressive of the developers of new industrial land at the moment," Jim Ulmer, a senior vice president at Baltimore-based LaSalle Investment Management, told Bloomberg News. LaSalle owns 3.2 million shares of ProLogis and no Catellus shares.

"It's a good deal for Catellus, and it's a very good deal for ProLogis," he said.

Nelson Rising, chairman and chief executive of Catellus, said, "We believe this is an excellent way for our shareholders to realize the value of the platform we have built and to participate in the future growth of ProLogis."

Rising, 63, has been Catellus' CEO since 1994 and previously was a senior partner at Maguire Thomas Partners, where he was in charge of major Los Angeles projects including the Library Tower and Playa Vista. Rising, whose 1.4% stake in Catellus is worth about $47 million, would join ProLogis' board of directors, but he would not have a management post.

Catellus' president of commercial development, Ted Antenucci, would become president of global development for ProLogis. Schwartz declined to speculate on possible layoffs of Catellus employees.
The union of the two companies "is very complementary in terms of what they bring to the table," said John Long, chairman of the Richard S. Ziman Center for Real Estate at UCLA and a private real estate investor through Highridge Partners and Golden Boy Partners.

Catellus, based in San Francisco, has a huge inventory of land and expertise at getting government approvals for new construction, while ProLogis is a respected large-scale developer, Long said.

Aurora, Colo.-based ProLogis owns and manages 2,043 warehouse and distribution centers totaling 310.8 million square feet in North America, Europe and Asia. Its customers include FedEx Corp., Home Depot Inc., General Electric Co., Sears Holdings Corp., Unilever and Wal-Mart Stores Inc.

Catellus became a REIT at the start of last year as it shifted its focus to building and operating industrial parks instead of developing urban mixed-used projects such as Union Station and Santa Fe Place in San Diego. It has 40.6 million square feet of property, mainly distribution centers, across the U.S.
Santa Fe Pacific Corp. spun off Catellus to shareholders in 1990.

But the company's roots and gigantic land holdings date to the 1850s, when civil engineer Theodore D. Judah built a 23-mile line called the Sacramento Valley Railroad. It later became the Central Pacific Railroad, the first to conquer the Sierra Nevada. In 1869, the line linked up with the Union Pacific, coming from the East, with the driving of the famed golden spike at Promontory Point, Utah.

As part of its mandate for a transcontinental railway, the federal government gave the railroad builders vast tracts of land as an incentive to complete the historic rail linkage.
Later, with its name changed again, this time to Southern Pacific, the railroad heavily promoted its territory in the West to attract residents and businesses and became one of the most powerful players on the economic scene in 19th century California.

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YOU ARE HERE: LAT Home→Collections→Catellus Development Corp

SOUTHLAND FOCUS

Catellus Buys Former Kaiser Steel Mill

August 17, 2000 | Jesus Sanchez

Catellus Development Corp. said it paid $16 million for the 588-acre property in San Bernardino County that it will develop into a giant industrial park and truck plaza. A subsidiary of the real estate development firm will eventually construct 6 million square feet of industrial space at the Kaiser Commerce Center in the Fontana area. The property, which is located near the intersection of Interstates 10 and 15, was purchased from Kaiser Ventures Inc. An environmental cleanup of the site and completion of transportation improvements are scheduled to be completed by mid-2002, according to the San Francisco-based company.

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YOU ARE HERE: LAT Home→Collections→California Public Employees Retirement System

The Catellus Derailment : Ouster of CEO is Latest Chapter in Saga of Struggle

February 28, 1994|DAVID W. MYERS and CHRIS KRAUL | TIMES STAFF WRITERS

The news last week that the top executive at Catellus Development Corp. in San Francisco will resign is the latest twist in a long struggle by California's largest private landowner to turn nearly 1 million acres--once owned by the nation's railroad barons--into a vast real estate empire.
The expected departure of Catellus Chief Executive Vernon B. Schwartz was engineered by the California Public Employees Retirement System (CalPERS), officials close to the company and pension fund say privately. CalPERS owns more than 40% of the company's stock.
Schwartz declined to be interviewed. So did senior officials at CalPERS, the giant pension fund in Sacramento that invests the retirement money of more than 800,000 of the state's current and retired workers.
CalPERS officials had been lobbying for drastic changes at Catellus because they were tired of seeing the company's stock go nowhere and of listening to management blame the firm's misfortunes on California's weak real estate market.

The pension fund has seen the value of its initial $473-million investment in Catellus cut in half in recent years. Even its financial adviser, who initially recommended that CalPERS buy the stock, now doubts that the fund can recoup these losses any time this century.
"This whole thing has turned out to be a catastrophe for investors, especially CalPERS," said Burland East, an analyst who follows Catellus for Kemper Securities in Chicago. "It's not all Catellus' fault--there's plenty of blame to be spread around."
(The losses represent no danger to the health of the fund itself, East noted. CalPERS has assets that exceed $80 billion, making it the largest public pension fund in the nation.)
Catellus--which transportation giant Santa Fe Pacific Corp. established as an independent, publicly traded company in 1990--is involved in about a dozen megaprojects from San Francisco to San Diego. It also owns more than 900,000 acres of land across the state--an amount twice the size of Orange County.
While Catellus' once-bright prospects have certainly been dimmed by California's real estate recession, it has also been hurt by forces ranging from slow-growth advocates to toxic waste.
Catellus' joint-venture in the once-thriving Pacific Design Center in West Hollywood is suffering, as its wealthy clients have cut back their spending. A plan to build a massive mixed-use complex at downtown Los Angeles' Union Station has been caught up in controversy and legal disputes. So has another proposal to develop a 16-acre site in downtown San Diego.
And then there is Mission Bay in San Francisco, the company's most ambitious project--and perhaps its most problem-plagued.
The 313-acre, $2-billion development would front the bay about a mile south of downtown and would be the largest in the city's history. Plans call for 8,700 homes and more than 6 million square feet of offices, shops and light-industrial space.
But the project has languished on the drawing boards for years, as first Santa Fe and then Catellus wrangled with everyone from local no-growth advocates to government environmental officials.
Conservationists wanted the company to build fewer offices and preserve more of its wetlands. Housing advocates pushed for lower rents and cheaper selling prices. Environmental agencies wanted Catellus to clean up the toxic-laced site, which was previously used as a dump for everything from 1906 earthquake rubble to parts from old locomotives.
Catellus worked out a compromise with each of the groups and received the city's conditional approval for the project in 1991. But the permission came with so many strings attached that Catellus does not expect to break ground until next year at the earliest.

"Mission Bay is a great project, but it has just taken too long to get it off the ground," said John Lutzius, an analyst who follows Catellus for Newport Beach-based Green Street Advisors. "And all the while the land just sits there, it's eating up cash without generating any income."
No one expected delays this long back in the 1980s, when Santa Fe started mulling the plan to establish Catellus as an investor-owned company to develop vast real estate holdings acquired in the previous 100 years.
Much of the property stood in the middle of key transportation hubs, bustling commercial areas or fast-growing suburbs. Raw-land prices for less desirable parcels were rising as much as 20% a year.
CalPERS first got involved in 1989 when, in a private sale of stock, it bought a 20% stake in Catellus at the urging of advisers at Chicago-based JMB Realty Corp.
The pension fund paid $398 million for about 10.5 million shares--or nearly $38 a share--and also invested another $75 million in a convertible security. CalPERS felt the move was a smart long term investment that would pay off when the properties were developed.
But by late 1990, when shares in Catellus began trading publicly for the first time, California real estate prices had already begun their steep descent.

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