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BDT & MSD Partners raises $3.2b for real estate credit fund
Fundraising - DECEMBER 21, 2023

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BDT & MSD Partners raises $3.2b for real estate credit fund

by Lewis Dayton

BDT & MSD Partners, a merchant bank that has deployed more than $50 billion across its investment strategies since 2010, has raised $3.2 billion for MSD Real Estate Credit Opportunity Fund II (MSD RECOF II), reported Bloomberg.

BDT & MSD Partners formed after BDT & Co. and MSD Partners, which manages the capital of Dell Technologies founder Michael Dell and his family, merged in October 2022.

MSD RECOF II is a dedicated real estate credit strategy that seeks to generate superior, risk-adjusted returns by originating and actively managing structured credit investments secured by high-quality real estate, according to the IREI.Q database.

The fund has invested 40 percent of its capital to date, including transactions such as the acquisition of a roughly $500 million face value performing loan portfolio from HSBC Holdings and a $200 million loan for the construction of an industrial facility in Southern California, reported Bloomberg.

$600 millio

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