Could it be that Bonderman is a leading indicator for Bonderman? A Google search reveals there are two notable Bondermans in the world: one is David Bonderman, the co-founder of private equity firm TPG; the other is Jeremy Bonderman, starting pitcher for baseball team the Detroit Tigers. No relation. Both are called “Bondo” by friends. The private equity Bonderman hasn't exactly enjoyed a winning streak of late; the baseball Bonderman seems poised for a rebound after a season of hobbled performance.
Jeremy Bonderman had surgery last June to correct a circulatory problem that prevented him from fully controlling the ball.“My fingers were numb all the time,” he said of the 2008 season. Several months after the pitcher's surgery, the private equity Bonderman would enter his own period of diminished velocity, with the collapse of portfolio companies Washington Mutual and Aleris International destroying some $2.13 billion in equity, while some LPs requested a downsized fund.
There is high hope among Tigers fans that Bondo's recovery will be complete, allowing him to pitch the team to victory again this spring. His return may portend a TPG recovery. TPG fans are hoping that their own highly motivated Bondo will unleash his still-impressive equity firepower and return the firm to its former glory.