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More from year 2012
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From New York Times, November 19, 2012:
These are not halcyon days for the private equity industry. Returns are down. Fund-raising is trying. A tax increase looms.
Such challenges, however, did not deter one of the industry’s titans, David Bonderman, from holding a 70th birthday party for himself and about 700 of his closest friends at the Wynn resort in Las Vegas Saturday night.
Paul McCartney was the surprise musical guest, playing for more than two hours. A newly minted septuagenarian himself, Mr. McCartney, the former Beatle, headlined a concert that also featured the comedian Robin Williams and the rocker John Fogerty. Mr. McCartney played several Beatles hits, including “Revolution” and, in a song befitting a 70th birthday, “The Long and Winding Road.” […]
Mr. McCartney and the other aging rockers who play these affairs are part of a growing cottage industry of stars that play private concerts for hire. Mr. Bonderman was not even the first moneyman to score Mr. McCartney as a headline act. In 2003, the investor Ralph V. Whitworth hired him to play at his wife’s 50th birthday.
It is unclear how much Mr. McCartney earned for his performance, but music industry executives say that his asking price is well north of $1 million. […]
Wynn Resort
This was the 1st and only concert played at Wynn Resort.
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