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BDT & MSD Partners

Medium
Chicago and New York City, United States · Founded 2023 · AUM $50 billion · Website
Private EquityCreditInvestment Banking/AdvisoryGrowth EquityFinancial ServicesConsumer GoodsHospitalityReal EstateHealthcareTechnologyIndustrialsNorth AmericaEurope
Last verified
10/8/2026

Firm Overview

0
Portfolio tracked
7
Sectors
2
Regions
10/8/2026
Last verified

BDT & MSD Partners is an American merchant bank that provides investment advisory services and manages an investment platform focused on family and founder-led companies.

BDT & MSD Partners was formed in January 2023 through the merger of BDT & Company, a merchant bank founded by Byron Trott, and MSD Partners, an investment firm managing the wealth of Michael Dell and his family. The firm operates as a merchant bank with both an advisory platform for family and founder-led businesses and a multi-strategy investment platform.

The firm is co-headquartered in Chicago and New York City and maintains a significant global presence. Its leadership includes veteran executives from Goldman Sachs, including Co-CEO Gregg Lemkau and President Greg Olafson. BDT & MSD Partners has quickly established itself as a major player in private equity, ranking 36th in the PEI 300 list of the world's largest private equity firms by 2024.

The company's investment philosophy emphasizes long-term capital appreciation through both majority and minority stakes. Their activity spans diverse transactions, from providing financial advice on multi-billion dollar acquisitions like Metropolis Technologies' purchase of SP Plus to direct investments in luxury real estate, hospitality, and consumer brands.

Founded2023
HeadquartersChicago and New York City, United States
AUM$50 billion
Target investmentconfidently omitted
Employeesconfidently omitted
StrategiesPrivate Equity, Credit, Investment Banking/Advisory, Growth Equity
Sector focusFinancial Services, Consumer Goods, Hospitality, Real Estate, Healthcare, Technology, Industrials
Geographic focusNorth America, Europe

Leadership

Byron Trott
Chairman and co-CEO
Chairman and co-CEO of the firm and founder of predecessor BDT & Company.
Gregg Lemkau
Co-CEO
Co-CEO of the firm and former CEO of MSD Partners and Goldman Sachs executive.
Greg Olafson
President and Co-CIO
President, co-head of global credit and co-chief investment officer who joined from Goldman Sachs in 2025.
Dina Powell
Advisory Board Member
Advisory board member and former Goldman Sachs executive who served as president and vice chair until 2026.

Notable Investments

WhataburgerWeber Inc.CulliganUnder ArmourTory Burch LLCFour Seasons Resort HualalaiAuberge ResortsCharlotte Tilbury BeautyAlliance Laundry SystemsCasa DragonesBadia SpicesQualtricsWest Monroe Partners

Historical and current deals referenced in public sources.

Portfolio Companies

Portfolio not yet mapped for BDT & MSD Partners.

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Portfolio Web Readiness

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Sources

This profile is based on publicly available information and may be incomplete or outdated. PE Firm Index is not affiliated with BDT & MSD Partners and does not provide investment advice.

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