MSD Partners, L.P.
MSD Partners, L.P. was founded in 2009 by the principals of MSD Capital to allow outside investors to invest alongside the Dell family, focusing on long-term capital appreciation in credit, growth, private capital, and real estate. The firm manages assets for Michael Dell (founder of Dell Technologies), his family, and external investors, with offices in New York, Santa Monica, and West Palm Beach. In January 2023, MSD Partners merged with BDT & Company to form BDT & MSD Partners, an integrated merchant bank now co-headquartered in Chicago and New York City, with over 130-140 employees primarily serving business owners, founders, and long-term oriented investors.
Investment Strategy
MSD Partners pursues a multi-asset investment strategy focused on private capital (including buyouts, structured equity, and significant minority stakes), credit (including private and real estate credit), growth equity in founder-led technology, consumer, and healthcare businesses, and real estate (targeting complex, large-scale, and high-quality assets in prime locations). The firm leverages flexible, long-term capital, seeking risk-adjusted returns through aligned, strategic partnerships—historically investing alongside the Dell family and now, via its merger with BDT, providing a global merchant banking platform and advisory services.
Top Holdings
Equity Positions (7)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
O ODD | ODDITY TECH LTD | 78.11% | $134.5M | 1,781,661 | $28.35 | $75.47 | +$57.4M |
R RNW | RENEW ENERGY GLOBAL PLC | 8.40% | $14.5M | 2,091,480 | $7.78 | $6.91 | +$2.1M |
X XPOF | XPONENTIAL FITNESS INC | 7.20% | $12.4M | 1,655,390 | $14.38 | $7.49 | -$1.4M |
E EEX | EMERALD HOLDING INC | 3.01% | $5.2M | 1,066,638 | $4.36 | $4.85 | +$1.0M |
S SAFE | SAFEHOLD INC | 2.01% | $3.5M | 222,644 | $23.95 | $15.56 | -$703.6K |