# BDT & MSD Partners: portfolio, investments and team > BDT & MSD Partners is an investment bank based in United States. 7 investments on record, 4 in the last 12 months, latest Jul 2026. Source: https://millionrounds.com/fund/bdt-and-msd-partners (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # BDT & MSD Partners Last cheque observed Jul 2026; 7 cheques on record. Email Investment bank Deploying now New fund $3.0M, Sept 2026 Buyout Growth Advice Banking Business Development Follow BDT & MSD Partners and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fbdt-and-msd-partners) Deploying now **100%** of best year **4** **cheques in 12 months**, 7 on record Since the last cheque **113** days **00** hrs **00** min **00** sec Median round **$500M** Rounds led **2 of 7** Mostly in **United States, 43%** Pitch BDT & MSD Partners ## BDT & MSD Partners highlights - 01 4 cheques in the last 12 months - 02 Mostly Series D and Series C: 83% of its rounds - 03 Led 2 rounds ## What they do > BDT & MSD Partners is a merchant bank providing trusted advice, aligned capital, and differentiated investment solutions. From their own website - **Type:** Investment bank - **Cheque size:** Not stated - **Stages:** Buyout Growth - **Sectors:** Advice Banking Business Development - **Based in:** Chicago, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **7 appearances** - **2026** 3 rounds - **Jul** **[Neko Health](https://millionrounds.com/company/neko-health)** Series C · SE · Steven Bartlett **$700M** With 19 others - **Jun** **[NinjaOne](https://millionrounds.com/company/ninjaone)** Series C · US · Crunchbase News **$400M** With 10 others - **Feb** **[Waymo](https://millionrounds.com/company/waymo)** Series D · US · Crunchbase News **$16B** With 16 others - **2025** 4 rounds - **Nov** **[Metropolis Technologies](https://millionrounds.com/company/metropolis-technologies)** Series D · US · Crunchbase News **$500M** With 8 others - **Jun** **[Helsing](https://millionrounds.com/company/helsing)** Series D · DE · TechStartups **$694M** With 7 others - **Jan** **[Cera Care](https://millionrounds.com/company/cera-care)** GB · Firms' own news pages **$150M** *Led* - **Jan** **[Cera](https://millionrounds.com/company/cera)** Debt · GB · TechCrunch **$150M** *Led* An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **23 named** BS **Bob Simonds** Partner and General Counsel of the GP of the GP i Filing they signed BP **Brendan Pearsall Rogers** Executive Officer and Director of the Manager i Filing they signed BD **Byron David Trott** CHAIRMAN AND CO-CHIEF EXECUTIVE OFFICER OF THE GP OF THE GP i Filing they signed CZ **Cindy Zee Michel** PARTNER AND GLOBAL CHIEF COMPLIANCE OFFICER OF THE GP OF THE GP i Filing they signed DH **Dan Hamill Jester** President of the GP of the GP i Filing they signed DR **Daniel R. Stock** PARTNER & CO-CHIEF FINANCIAL OFFICER OF THE GP OF THE GP i Filing they signed DS **David S. Thomas** PARTNER & CHIEF LEGAL OFFICER OF THE GP OF THE GP i Filing they signed GR **Gregg Robert Lemkau** Co-Chief Executive Officer of the GP of the GP i Filing they signed KG **Kenneth Gerold** Executive Officer and Director of the Manager i Filing they signed LE **Lawrence E. Schaltenbrand Iii** PARTNER & CO-CHIEF FINANCIAL OFFICER OF THE GP OF THE GP i Filing they signed LS **Lawrence Schaltenbrand** Officer of the Manager i Filing they signed LF **Logie Fitzwilliams** Co-President and Co-CEO i Filing they signed ML **Marcello Liguori** Executive Officer and Director of the Manager i Filing they signed MA **Mary Ann Todd** Partner & Chief Legal Officer of the GP of the GP i Filing they signed ME **Michael Edwin Burns** Partner & Chief Financial Officer of the GP of the GP i Filing they signed MH **Michael Hankin** Co-President and Co-CEO i Filing they signed RK **Robert Kenneth Simonds** PARTNER AND GENERAL COUNSEL OF THE GP OF THE GP i Filing they signed RL **Robert L. Veriga** Executive Officer i Filing they signed SW **San W. Orr, III** President of the GP of the GP i Filing they signed SW **San Watterson Orr** President i Form ADV SC **Saritha Chandrupatla Reddy** Chief Compliance Officer i Form ADV WO **William O. White** Chief Operating Officer i Filing they signed WR **William R. Bush** Executive Officer i Filing they signed We also hold **31** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$80B** assets it manages, 3 advisers combined Oct 2026 **Registered** investment adviser full reporting to the SEC - **Legal name:** BDT Capital Partners, LLC - **SEC number:** CRD 160914 Funds on its Form ADV **90** private funds, **$89B** in gross assets · filed Jul 2024 Private equity **58** Hedge **18** Real estate **13** - BDT Capital Partners Fund 4, L.P. *Private equity* 473 investors $10B - BDT Capital Partners Fund 3, L.P. *Private equity* 321 investors $7.4B - BDT Capital Partners Fund II, L.P. *Private equity* 172 investors $6.5B - BDT Osmosis Holdings, L.P. *Private equity* 28 investors $5.5B - BDT Sunrise Holdings, LLC *Private equity* 27 investors $4.9B - BDT Alpha Holdings 2, LLC *Private equity* 39 investors $4.7B - BDT Capital Partners Fund 3 (Lux) SCSP *Private equity* 62 investors $3.4B - BDT Capital Partners Fund 4 (Int), L.P. *Private equity* 60 investors $3.4B - BDT Badger Holdings, LLC *Private equity* 14 investors $2.9B - BDT Europe Fund SCSP *Private equity* 10 investors $2.6B And 80 more on the filing. New fund on file **$3.0M** raised in Sept 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Buyout Growth Median round joined **$500M** the round, not its cheque Led 2 of 7 rounds **29%** - **Sole investor:** Never alone - **Last cheque:** Jul 2026 Rounds by stage said on their site - Series D *3* - Series C *2* - Debt *1* - Buyout said *-* - Growth said *-* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [CapitalG](https://millionrounds.com/fund/capitalg) 2 - [General Catalyst](https://millionrounds.com/fund/general-catalyst) 2 - [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) 2 - [Schroders Capital](https://millionrounds.com/fund/schroders-capital) 2 - [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 2 **Pitching BDT & MSD Partners?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as BDT & MSD Partners. A count of rooms they were both in, not a relationship either has claimed. [**CapitalG** Corporate VC **2** rounds together](https://millionrounds.com/fund/capitalg)[**General Catalyst** VC firm **2** rounds together](https://millionrounds.com/fund/general-catalyst)[**Lightspeed Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Schroders Capital** Hedge fund **2** rounds together](https://millionrounds.com/fund/schroders-capital)[**Sequoia Capital** VC firm **2** rounds together](https://millionrounds.com/fund/sequoia-capital) ## Recently backed The latest companies BDT & MSD Partners put money into. [**Neko Health** $700M · Jul 2026](https://millionrounds.com/company/neko-health)[**NinjaOne** $400M · Jun 2026](https://millionrounds.com/company/ninjaone)[**Waymo** $16B · Feb 2026](https://millionrounds.com/company/waymo)[**Metropolis Technologies** $500M · Nov 2025](https://millionrounds.com/company/metropolis-technologies)[**Helsing** $694M · Jun 2025](https://millionrounds.com/company/helsing)[**Cera** $150M · Jan 2025](https://millionrounds.com/company/cera) ## Quick answers about BDT & MSD Partners ### What does BDT & MSD Partners invest in? BDT & MSD Partners invests most often at Series D and Series C (83% of the rounds on record), in sectors such as Advice, Banking and Business Development. ### How active is BDT & MSD Partners? 7 investments on record, 4 of them in the last 12 months, and it led 2. The most recent was in Jul 2026. ### What has BDT & MSD Partners invested in recently? Its most recent investments on record: Neko Health (Series C, Jul 2026), NinjaOne (Series C, Jun 2026) and Waymo (Series D, Feb 2026). ### How big are BDT & MSD Partners's cheques? The median round it joins is $500M. ### Does BDT & MSD Partners lead rounds? Yes: it led 2 of its 7 investments on record (29%). ### Where does BDT & MSD Partners invest? Most of the companies it backs are in the United States (43%), the United Kingdom (29%) and Sweden (14%). ### Is BDT & MSD Partners investing now? Yes: it is actively investing, with 4 investments in the last 12 months. ### Who does BDT & MSD Partners invest alongside? Most often CapitalG (2 rounds together), General Catalyst (2 rounds together) and Lightspeed Venture Partners (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. 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