MSD Partners collects $825m for opportunistic credit strategies

Dell founder Michael Dell’s private investment firm MSD Partners attracted $825 million in commitments for its latest offering, MSD Special Investments Funds (SIF). The amount exceeded the funds initial $500 million target as Dell and his family along with MSD employees made a significant investment into the offering. MSD Special Investments Funds has a unique flexible, opportunistic mandate and is expected to target investments across the corporate capital structure -- including liquid and illiquid credit opportunities, structured financing solutions and equities. With the close of the new SIF offering, the firm’s credit business now manages in excess of $5 billion. The fundraise follows the closing last month of the MSD Real Estate Credit Opportunities Funds. The new fund led by Robert Platek and co-portfolio managers Jeremy Herz, Matthew Olim and Scott Segal. “Since launching SIF, we have been investing in a substantially expanded opportunity set, and we continue to find very attractive entry points in businesses and industries we know well,” said Platek, global head of credit at MSD Partners. “As MSD’s business evolves, we will continue to evaluate growing our broad investment platform not only in credit, but in the equities of public and private companies, real estate and other asset classes and securities,” added John Phelan, managing partner and co-founder of MSD Partners LP.

MSD Partners collects $825m for opportunistic credit strategies

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