TPG Capital founding partner David Bonderman believes that governments trying to tell Uber what to do should just leave the San Francisco-based company alone.
Bonderman wants governments worldwide to stop legislating against Uber, the online for-hire car application which has run into a number of issues with cab drivers and regulators in the United States and Europe.
Uber, which is backed by TPG, raised $1.2 billion from mutual funds and other investors in a June funding round, which valued the service at $18.2 billion at the time.
The company faces an array of legal and regulatory challenges, however, as it tries to expand into new markets.
"Governments should stay out of the way. Uber doesn't need government help particularly, but it doesn't need government interference," Bonderman said in response to an audience question about whether governments should support the business, at the annual SuperReturn private equity conference, according to Reuters.
The four-year-old company allows users to summon taxi-like services on their smartphones within minutes. It has faced regulatory complaints and other court injunctions since its early days before expanding into around 150 cities globally.
Earlier this month, a U.S. judge rejected a bid by Uber to dismiss a civil lawsuit accessing the company of charging customers a 20 percent driver gratuity but pocketing most of the additional revenue instead.
U.S. District Judge Edward Chen in San Francisco said the online for-hire car service must face multiple civil counts, like allegations that the company violated California's unfair competition laws.
Also this month, in Germany, a judge overturned a temporary injunction against Uber. Taxi Deutschland had sought the injunction as part of a civil lawsuit to ban the company's ride-sharing service, according to Reuters.
Uber so far has only pulled out of one city, Vancouver, Canada, and is active in 43 countries.
"Uber disintermediates the taxi industry and the taxi industry has its political clout in various places," said Bonderman at the conference in Hong Kong on Wednesday.
Bonderman added that he believes such disputes will be figured out over time.
See Now: OnePlus 6: How Different Will It Be From OnePlus 5?
