Msd Partners, L.P.
SEC-registered
Private Fund Manager · Large ($10B–$100B)
CRD 161664
· SEC file 801-74071
· New York, NY
· bdtmsd.com
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ADV data as of May 26, 2026
- Regulatory AUM
- $21.3B
- Discretionary
- $17.7B
- Clients
- 77
- Avg AUM / client
- $277M
- Accounts
- 77
- Employees
- 498
AUM over time
$4.4B
$24.1B
Dec 2011
May 2026
Annual snapshots from Form ADV filings · as of May 26, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 74 | $19.5B | 91.6% |
| Insurance companies | 2 | $287M | 1.35% |
| Other | 1 | $1.5B | 7.05% |
Private funds (45)
View all →Reported in Form ADV Section 7.B.(1), filing of Nov 2024 · $18.8B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Msd Hospitality Partners, L.P. | Real Estate Fund | Delaware | $2.4B | 190 |
| Msd Real Estate Credit Opportunity Fund Ii, L.P. master | Real Estate Fund | Delaware | $1.9B | 326 |
| Msd Private Credit Opportunity Master (Eci) Fund 2, L.P. master | Hedge Fund | Cayman Islands | $1.7B | 250 |
| Msd Credit Opportunity Master Fund, L.P. master | Hedge Fund | Cayman Islands | $1.4B | 30 |
| Msd Real Estate Credit Opportunity Fund, L.P. master | Real Estate Fund | Delaware | $1.4B | 303 |
| Msd Aqua Partners, Llc master | Private Equity Fund | Delaware | $973M | 36 |
| Msd Special Investments Fund Ii, L.P. | Hedge Fund | Delaware | $859M | 232 |
| Msd Growth Fund, L.P. | Private Equity Fund | Delaware | $819M | 78 |
| Msd Bdc Clo I, Llc | Securitized Asset Fund | Delaware | $604M | 1 |
| Msd Sif Holdings Ii, L.P. master | Hedge Fund | Delaware | $526M | 60 |
| Msd Rcof1 Bc, Llc | Real Estate Fund | Delaware | $524M | 1 |
| Msd Private Credit Opportunity Master (Eci) Fund, L.P. master | Hedge Fund | Cayman Islands | $517M | 177 |
| Msd Wm Partners, L.P. | Private Equity Fund | Delaware | $494M | 13 |
| Msd Ring Partners, L.P. master | Private Equity Fund | Delaware | $385M | 42 |
| Msd Real Estate Credit Opportunity Fund (G), Llc | Real Estate Fund | Delaware | $367M | 2 |
People (9)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Trott, Byron, David | Chairman & Co Chief Executive Officer | Apr 2009 (17y) | 75% or more of Bdtp Gp, Llc (indirect) | |
| Rogers, Brendan, Pearsall | Partner & Chief Operating Officer | Oct 2014 (12y) | Less than 5% | |
| Simonds, Robert, Kenneth | Partner & General Counsel | Feb 2015 (12y) | Less than 5% | |
| Lemkau, Gregg, Robert | Co Chief Executive Officer | Feb 2021 (6y) | Less than 5% | |
| Burns, Michael, Edwin | Partner & Chief Financial Officer | Jan 2023 (4y) | Less than 5% | |
| Dan Hamill Jester | President | Jan 2023 (4y) | Less than 5% | |
| Orr, San, Watterson | President | Jan 2023 (4y) | Less than 5% | |
| Todd, Mary Ann | Partner & Chief Legal Officer | Jan 2023 (4y) | Less than 5% | |
| Reddy, Saritha, Chandrupatla | Chief Compliance Officer | Jan 2024 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Bdt & Msd Holdings, L.P. | Limited Partner | Jan 2023 | A | 75% or more |
| Msd Partners (Gp), Llc | General Partner | Feb 2010 | A | Less than 5% |
| Bdtp Gp, Llc | General Partner | Dec 2011 | B | GP / trustee / elected manager of Bdt & Msd Holdings, L.P. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (45, $18.8B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Msd Hospitality Partners, L.P. | Real Estate Fund | $2.4B | $25.0M | 190 |
| Msd Real Estate Credit Opportunity Fund Ii, L.P. | Real Estate Fund | $1.9B | $5.0M | 326 |
| Msd Private Credit Opportunity Master (Eci) Fund 2, L.P. | Hedge Fund | $1.7B | $5.0M | 250 |
| Msd Credit Opportunity Master Fund, L.P. | Hedge Fund | $1.4B | $10.0M | 30 |
| Msd Real Estate Credit Opportunity Fund, L.P. | Real Estate Fund | $1.4B | $5.0M | 303 |
| Msd Aqua Partners, Llc | Private Equity Fund | $973M | $5.0M | 36 |
| Msd Special Investments Fund Ii, L.P. | Hedge Fund | $859M | $5.0M | 232 |
| Msd Growth Fund, L.P. | Private Equity Fund | $819M | $100K | 78 |
| Msd Bdc Clo I, Llc | Securitized Asset Fund | $604M | $250K | 1 |
| Msd Sif Holdings Ii, L.P. | Hedge Fund | $526M | $5.0M | 60 |
| Msd Rcof1 Bc, Llc | Real Estate Fund | $524M | $0 | 1 |
| Msd Private Credit Opportunity Master (Eci) Fund, L.P. | Hedge Fund | $517M | $5.0M | 177 |
| Msd Wm Partners, L.P. | Private Equity Fund | $494M | $0 | 13 |
| Msd Ring Partners, L.P. | Private Equity Fund | $385M | $1.0M | 42 |
| Msd Real Estate Credit Opportunity Fund (G), Llc | Real Estate Fund | $367M | $5.0M | 2 |
| Msd Pcof1 Bc, Llc | Hedge Fund | $361M | $0 | 1 |
| Msd Sbafla Fund, L.P. | Hedge Fund | $325M | $0 | 2 |
| Msd Empire Fund, L.P. | Hedge Fund | $314M | $1.0M | 2 |
| Msd Rcof2 Phx, Llc | Real Estate Fund | $279M | $0 | 1 |
| Msd Rcof2 Bc2, Llc | Real Estate Fund | $268M | $0 | 1 |
| Msd Special Investments Fund, L.P. | Hedge Fund | $247M | $5.0M | 146 |
| Msd Pcof1 Pc, Llc | Hedge Fund | $242M | $0 | 1 |
| Msd Geo Partners, L.P. | Private Equity Fund | $200M | $0 | 4 |
| Msd Bolt Partners, L.P. | Private Equity Fund | $181M | $1.0M | 31 |
| Msd Manufacturing Partners, L.P. | Private Equity Fund | $161M | $0 | 2 |
Top 25 of 45 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/26/2026 | 12.6 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Other services
Custody
Reported custodians
- Wells Fargo $1.6B (10% of AUM) Jun 2023
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 26, 2026.
View current Form ADV (SEC/IAPD) ↗