BDT & MSD Partners

BDT & MSD Partners is an investment firm.

Active

Updated: Mar 14, 2026 ·

About

BDT & MSD Partners functions as a merchant bank, providing a comprehensive suite of services that include trusted advice, aligned capital, and differentiated investment solutions. The firm's platform is specifically designed to address the unique requirements of business owners, founders, families, and long-term investors, emphasizing a partnership approach to foster sustainable growth and value creation.

The firm distinguishes itself by focusing on investments in family-owned and entrepreneurial businesses, offering both strategic guidance and financial resources. Its integrated model allows for tailored solutions that support these companies through various stages of their development, leveraging deep industry insights and a long-term perspective.

Financial History

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Valuation

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Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Feb 2, 2026	Waymo	$16.0B Series D	Alphabet, Dragoneer Investment Group, DST Global, Sequoia Capital	Andreessen Horowitz, Bessemer Venture Partners, CapitalG, Fidelity, Google Ventures, Kleiner Perkins, Mubadala Capital, Perry Creek Capital, Silver Lake, Temasek Holdings, Tiger Global Management, T. Rowe Price

Financial History

Total Raised

N/A

Valuation

N/A

Deep Dive

BDT & MSD Partners operates as a distinctive merchant bank, delivering an integrated platform of advisory services, capital, and investment solutions. This model is specifically tailored to serve the intricate needs of founders, families, business owners, and long-term investors. The firm's approach is rooted in providing trusted guidance and flexible capital, aiming to support the strategic objectives and generational success of its clients.

A core aspect of BDT & MSD Partners' strategy is its focus on family-owned and entrepreneurial businesses. The firm partners with these enterprises, offering not just financial backing but also strategic insights and operational support. This commitment to long-term relationships and a deep understanding of the unique dynamics of such businesses allows BDT & MSD Partners to provide highly customized and impactful solutions.

The firm's offerings encompass a range of financial services, from strategic advisory on complex transactions to providing patient, aligned capital for growth initiatives, acquisitions, or recapitalizations. Its investment solutions are designed to be flexible, adapting to the specific circumstances and goals of each client, thereby fostering enduring value.

BDT & MSD Partners was formed from the combination of BDT & Company and MSD Partners, bringing together complementary expertise and client bases. BDT & Company, established in 2009, was also a merchant bank known for advising and investing alongside family-controlled businesses. This heritage underpins the combined entity's continued dedication to this specialized market segment.

With headquarters in both Chicago, Illinois, and New York City, New York, BDT & MSD Partners maintains a significant presence in key financial centers. This geographic footprint enables the firm to effectively engage with a broad spectrum of clients and opportunities across various industries, reinforcing its role as a prominent partner in the venture ecosystem.

Sources

Frequently Asked Questions

What type of businesses does BDT & MSD Partners primarily focus its investments on?

BDT & MSD Partners primarily focuses on investments in family-owned and entrepreneurial businesses, providing both strategic advice and capital solutions.

What is the operational model of BDT & MSD Partners?

BDT & MSD Partners operates as a merchant bank, which means it provides both advisory services and capital solutions to its clients.

How was BDT & MSD Partners established?

BDT & MSD Partners was formed through the combination of BDT & Company, which was established in 2009, and MSD Partners.