Private fund adviser · New York, NY
MSD Partners, L.P.
SEC-registered investment adviser · CRD 161664 · SEC 801-74071
At a glance
MSD Partners, L.P. is an SEC-registered investment adviser based in New York, New York, with $21.3 billion in regulatory assets under management as of its Form ADV filed August 24, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 349th of 4,686 private fund advisers and 836th of 17,210 SEC-registered advisers by assets.
Main office 212-303-1650bdtmsd.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $21B
- Rank among private fund advisers
- #349 of 4,686
- Rank among all SEC RIAs
- #836 of 17,210
- Rank in New York
- #222 of 2,591
- Clients
- 77
- Accounts
- 77
- Discretionary
- 83% of AUM
- Employees
- 498
- Advisory staff
- 231
- Offices
- 13
Owners and executives on its Form ADV
- Robert K. SimondsPartner & General Counsel
- Gregg R. LemkauCo-Chief Executive Officer
- Byron D. TrottChairman & Co-Chief Executive Officer
- San W. OrrPresident
- Dan H. JesterPresident
- Saritha C. ReddyChief Compliance Officer
- Cindy Z. MichelPartner
- Chad M. FeingoldPartner and Chief Operating Officer
- Daniel R. StockPartner & Co-Chief Financial Officer
- Gregory G. OlafsonPresident
- Amy L. EnnesserPresident
- Lawrence E. SchaltenbrandPartner & Co-Chief Financial Officer
Custody and brokerage
Custodian
MSD Partners, L.P.’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Hybrid RIA
MSD Partners, L.P. is a hybrid RIA: 171 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: BDT & MSD Europe S.a R.L., BDT & MSD Partners Europe Gmbh, BDT & MSD Partners International, LLP, BDT & MSD Partners, LLC and BDT & MSD Switzerland Gmbh.
- BDT & MSD Europe S.a R.L.
- BDT & MSD Partners Europe Gmbh
- BDT & MSD Partners International, LLP
- BDT & MSD Partners, LLC ↗CRD 150459
- BDT & MSD Switzerland Gmbh
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 74 | $20B | 92% |
| Other | 1 | $1.5B | 7% |
| Insurance companies | 2 | $287M | 1% |
Private funds
MSD Partners, L.P. reports 53 private funds with $20B in gross assets: hedge funds, private equity funds, real estate funds, securitized asset funds (Form ADV Item 7.B).
Disciplinary disclosures
MSD Partners, L.P. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
- Other services
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗bdtmsd.com ↗
AtlasMembers
The full record on MSD Partners, L.P.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 630 peers of its type and size
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- Owners and executives, with titles and stakes
- 15 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 7Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does MSD Partners, L.P. manage?
MSD Partners, L.P. reports $21.3 billion in regulatory assets under management across 77 accounts, 83% of it on a discretionary basis, on its Form ADV filed August 24, 2026.
What kind of firm is MSD Partners, L.P.?
MSD Partners, L.P. is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are MSD Partners, L.P.’s clients?
By assets, its largest client types are pooled investment vehicles ($19.5 billion, 74 clients); other ($1.5 billion, 1 clients); insurance companies ($287 million, 2 clients).
Does MSD Partners, L.P. manage private funds?
Yes. It reports 53 private funds with $20.4 billion in gross assets, including hedge funds, private equity funds, real estate funds, securitized asset funds.
Does MSD Partners, L.P. have any disciplinary history?
MSD Partners, L.P. reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is MSD Partners, L.P.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-08-24), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →