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Chicago & Midwest  + Downtown  + Finance  |  December 20, 2023
Jasmine Kilman
By: Jasmine Kilman

BDT & MSD Partners Raises $3.2B for Real Estate Credit Fund

Merchant bank BDT & MSD Partners raised $3.2B for a new real estate credit fund, MSD Real Estate Credit Opportunity Fund II, reported Bloomberg. BDT & MSD Partners was formed by the merger of BDT & Co., founded by Chicago billionaire Byron Trott, and MSD Partners, a firm that invests on behalf of business entrepreneur and Dell Technologies founder Michael Dell.

The firm’s employees and Dell committed $600 million to MSD Real Estate Credit Opportunity Fund II, according to Bloomberg citing a confidential source. Led by real estate credit co-heads Jason Kollander and Adam Piekarski, the vehicle aims to return 10 percent to 15 percent annually, after fees. Global credit chief Rob Platek is also on the fund’s investment committee.

BDT & MSD is among select firms looking to lend against top-performing commercial real estate backed by trusted borrowers while maintaining loan-to-value ratios of 50-55 percent.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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