BDT & MSD Partners
Merchant bank grown from Michael Dell's family office.
Family Offices & Private WealthFirmGlobal
Target market
Founder and family capital; long-duration equity and credit strategies
Typical check
Very large — family capital at merchant-bank scale
Geography
Global
Overview
BDT & MSD Partners was formed by the 2023 merger of BDT & Company, Byron Trott's merchant bank for founders and family businesses, with MSD Partners, the investment firm that grew out of Michael Dell's family office. The combined firm advises and invests alongside some of the world's wealthiest families across credit, real estate and long-hold equity. For venture GPs it is less a conventional LP than a gateway to family capital at enormous scale — relationships here can lead to anchor commitments, co-investments and strategic introductions across its founder-family network.
Key facts
- Formed by the 2023 merger of BDT & Company and MSD Partners
- MSD grew out of Michael Dell's family office, MSD Capital
- Advises and invests for founders and business-owning families
- Offices include Chicago and New York