TPG Capital, a US private-equity firm with about $55 billion in assets under management, would consider an initial public offering, according to founding partner David Bonderman, Ryanair's chairman since 2003.

TPG hasn’t ruled out the possibility of an IPO for the Forth Worth, Texas-based business at some point, though it isn’t something the firm would think too hard about, Mr Bonderman (71) said in response to a question at the SuperReturn conference in Berlin today.

The company is one of the world's largest private-equity firms to remain closely held following the IPOs of competitors including Blackstone, Carlyle and KKR in the past seven years. Blackstone, which sold shares to the public before the financial crisis, more than doubled in 2013, lifting the wealth of chairman Stephen Schwarzman by $3.7 billion. – (Bloomberg)