BDT & MSD Partners Exceed Target with $14b Capital Raise for Fund IV

BDT & MSD Partners, the result of a merger last year, successfully closed its fourth flagship private capital offering, BDT Capital Partners Fund 4, amassing an impressive $14 billion. The Chicago-based firm, renowned as a family and founder-oriented merchant bank, exceeded its initial $13 billion target. Notably, the bulk of the capital was secured in the fall of the previous year.

The fund garnered commitments from 157 Limited Partners (LPs), with a striking 97 percent representation from family business owners, founders, their family offices, and charitable foundations. BDT & MSD Partners emerged as the single largest investor in the fund, showcasing confidence in their own venture. This milestone follows the merger of BDT & Company, established in 2009 by former Goldman Sachs investment banker Byron Trott, with MSD Partners, the investment arm associated with the family of Michael Dell, founder of Dell Technologies, and other notable entities.