BDT & MSD Partners explained

BDT & MSD Partners
Type:	Private
Industry:	Financial services
Predecessor:	BDT & Company MSD Partners
Location:	Equitable Building, Chicago, U.S. One Vanderbilt, New York City, U.S.
Key People:	Byron Trott (Chairman and co-CEO) Gregg Lemkau (co-CEO)
Aum:	US$50 billion (2023)
Products:	Investment banking Private equity
Footnotes:	^[1]

BDT & MSD Partners (BDT & MSD) is an American merchant bank that is co-headquartered in Chicago and New York City. The firm has both an advisory platform and an investment platform.

Background

In January 2023, BDT & MSD was formed from the merger of BDT & Company, a merchant bank founded by Byron Trott that provides advice and capital to family and founder-led companies, and MSD Partners, an investment firm that manages the wealth of Michael Dell and his family.^{[2] [3] [4]}

Trott is currently the Chairman and co-CEO of the firm while Gregg Lemkau who was previously CEO of MSD Partners is the other co-CEO.

Dina Powell left Goldman Sachs to join the firm in May 2023.^[5]

BDT & MSD is co-headquartered in Chicago and New York City with additional offices in Santa Monica, Dallas, and elsewhere.^[6]

Notes and References

1. Web site: BDT & MSD PARTNERS, LLC . brokercheck.finra.org.
2. News: Gottfried . Miriam . 20 October 2022 . BDT to Merge With MSD Partners, Form New Investment and Advisory Firm . Wall Street Journal . 7 June 2023.
3. News: Fontanella-Khan . James . Gara . Antoine . Indap . Sujeet . 20 October 2022 . Michael Dell-backed investment group merges with Warren Buffett's favoured advisory firm . Financial Times . 7 June 2023.
4. News: Dorbian . Iris . 17 January 2023 . BDT and MSD Partners completes merger . PE Hub . 7 June 2023.
5. News: Gottfried . Miriam . Andriotis . AnnaMaria . Goldman Sachs Executive Dina Powell McCormick to Depart for Merchant Bank . 7 June 2023 . Wall Street Journal . 30 May 2023.
6. Web site: BDT & MSD Home . 2023-10-30 . BDT & MSD . en.