Puneet Varma (Editor)

MSD Capital

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Industry
  
Private equity,

Website
  
msdcapital.com

Founded
  
1998

Number of employees
  
+/-120

Founder
  
Michael S. Dell

Type
  
Limited liability company

MSD Capital httpsmedialicdncommediaAAEAAQAAAAAAAAIbAAAA

Products
  
Leveraged buyout, Growth capital , investments, real-estate

Total assets
  
not public, in excess of $ 12 billion

Headquarters
  
New York City, New York, United States

Dell s msd capital raises 780 million for energy fund


MSD Capital is the investment vehicle owned and controlled by Michael Dell and his family. The company is one of the main investors in the announced Leveraged buyout of Dell Inc. besides Michael Dell in private, Silver Lake Partners, Microsoft and several banks

Contents

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Origins

MSD Capital was formed in 1998 to manage the wealth of Michael Dell and his family.

Management

MSD Capital has a dedicated investment team and according to their own statement Mr Dell is not involved in the day-to-day operations of the firm. The company makes no statement of his involvement on major decisions. The main investment partners are Glenn R. Fuhrman, co-managing partner and co-founder as well as John C. Phelan, also co-managing partner and co-founder

Besides those 2 co-founders and co-managing partners another 10 partners are listed

Relation with Dell Computers

MSD Capital has no direct involvement with Dell as a company although this will likely change if the leveraged buy-out is successful.

Activities

As a private (investment) firm the company doesn't publish detailed records on their activities or strategies. According to information on MSD Capital's website they have a very broad mandate how to invest the money. They are currently (as mentioned on their website on 5 February 2013) specialized in:

  • Value based public investing (buying and selling shares of publicly listed companies)
  • "Special opportunity projects"
  • Partnering with selected hedge funds
  • investments in real estate
  • private equity
  • Dell Inc would likely be their largest investment to date if the leveraged buy out succeeds.

    In 2016, MSD's involvement in the small-sized television over-the-air broadcast properties market was detailed. The report came as the U.S. Federal Communications Commission moved toward a Dutch auction for the re-acquisition and re-sale of the broadcasting frequencies to more lucrative wireless phone uses. OTA Broadcasting LLC, a unit of MSD, was formed in 2011. Amongst "more than a dozen" acquisitions since then, the "most valuable ... is from a former Korean station in New York. [Dell]’s representatives bought the station in March 2012 for $6.6 million. The FCC’s opening bid for that license is $377 million." Also in the report the Wall Street Journal set the maximum proceeds from all OTA properties at $4 billion.

    References

    MSD Capital Wikipedia