No matter that the private equity industry might not be bringing in the bucks the way it used to be. With returns down-turning, fund raising hair-raising, and tax increases about to fall off the cliff, you might think some belt-tightening might be in order.
But for David Bonderman, one of the private equity industry’s super-duper stars, turning 70 is not a small matter, and it should be celebrated appropriately, no matter the state of the economy or marketplace. And that is why Bonderman invited about 700 of his bestest friends to a celebration hard to top.
Held at the famed Las Vegas Wynn resort, in-house entertainment included none other than a two hour performance by fellow septuagenarian Paul McCartney. Also helping ease the pain of turning the big “Seven-Oh” was comedian Robin Williams and rock-artist John Fogerty.
“We rocked the Wynn,” wrote Charlotte Moss, a New York interior designer who attended the party, on her Twitter feed after the show.
David Bonderman is a founding partner of TPG, one of the world’s largest private equity firms with US offices in New York, Austin, Fort Worth, and San Francisco.