MSD Capital

MSD Capital is a private investment firm that exclusively manages the capital of Michael Saul Dell and his family. The firm, which is based in New York and has offices in Santa Monica and West Palm Beach, was formed in 1998.

In 2009, the principals of MSD Capital formed MSD Partners, an investment adviser registered with the U.S. Securities and Exchange Commission, to enable outside investors to invest in strategies that were developed by MSD Capital. Among other things, MSD Partners makes control equity and structured preferred investments through its MSD Private Capital Group.

Founding 

In 1998, Michael Dell recruited John C. Phelan and Glenn R. Fuhrman to form MSD Capital to manage his family's wealth. For nearly 20 years, Mr. Phelan and Mr. Fuhrman, the firm's co-founders, have served as co-managing partners of MSD Capital.

Management

MSD Capital has a dedicated investment team. According to the firm's statement on its website, Mr. Dell is not involved in its day-to-day operations.

Activities

According to information on MSD Capital's website, the firm has a broad investment mandate, focused principally on making investments across the globe in the debt and equity of public and private companies, real estate and other asset classes. 

Based on the most recent Form 13F filings by MSD Capital, its holding of the equity of public companies include PVH Corp., the apparel company that owns brands including Calvin Klein and Tommy Hilfiger, and Dine Brands Global, known for its IHOP and Applebee's restaurants.

 PVH Corp. 
 Dine Brands Global

Among MSD Capital's real estate holdings are the luxury resorts Four Seasons Resort Maui and Four Seasons Resort Hualalai, both located in Hawaii. 

In July 2016, it was announced that MSD Capital and MSD Partners would provide preferred equity financing to support WME | IMG in its acquisition of UFC, the professional mixed martial arts (MMA) organization, alongside strategic investors KKR and Silver Lake Partners.

In 2008, MSD Capital joined a consortium to acquire the assets of IndyMac Bank for around $13.9 billion, renaming it OneWest Bank.

In August 2017, MSD Capital partnered with TruAmerica Multifamily to acquire the Florida-based multifamily community Sienna at Lake Vista for $66 million.

In June 2019, MSD Partners purchased Boca Raton Resort & Club including 356 waterfront acres in Boca Raton, Florida.

MSD Partners 
In 2009, the principals of MSD Capital formed MSD Partners, an investment adviser registered with the U.S. Securities and Exchange Commission, to enable outside investors to invest in strategies that were developed by MSD Capital. These strategies include the equities of public and private companies, credit, real estate and other asset classes and securities. 

MSD Partners operates from New York and Santa Monica. MSD Partners' Private Capital Group is led by Douglas Londal, who joined in 2015 from New Mountain Capital, where he was President. 

The Private Capital Group is primarily focused on control private equity investments. In 2017, it invested a combined $650 million in the acquisitions of Hayward Industries Inc. and Ring Container Technologies Inc. MSD Partners committed $1.4 billion to seven investments between January 2016 and October 2017.

In 2013, MSD Partners participated with Michael Dell and Silver Lake Partners in the acquisition of Dell Inc., worth approximately $24 billion.

Current holdings 
Based on the most recent Form 13F filings by MSD Partners, its holdings of the equity of public companies include the following:

 Altaba, Inc.
 Apollo Global Management LLC
 Blueknight Energy Partners, L.P.
 BMC Stock Holdings, Inc.
 Cedar Fair, L.P.
 Coty, Inc.
 Halozyme Therapeutics Inc.
 Harbinger Group Inc.
 Interpublic Group of Companies, Inc.
 JPMorgan Chase & Co
 Liberty Media Corporation
 Macquarie Infrastructure Company LLC
 Marten Transport Ltd
 National General Holdings Corp.
 Nexstar Broadcasting Group
 Novagold Resources Inc.
 Restaurant Brands International Inc.
 Ring Energy Inc.
 SPDR S&P 500 ETF Index Depositary Receipts
 SS&C Technologies Holdings, Inc.
 StealthGas Inc. 
 Tribune Media
 US Foods Holding Corporation
 Vistra Energy Corp.
 Ziopharm Oncology Inc.

References

External links
MSD Partners
Category:Private equity firms of the United States
Category:Financial services companies established in 1998
Category:Private equity portfolio companies
Category:Companies based in New York City