MSD Partners manages investments for private funds, co-investment vehicles, and separately managed accounts. MSD Partners focuses on private credit, real estate credit, and real estate equity. The firm investigates investment opportunities, negotiates investments, manages investments, and disposes of investments. Investment advice is provided directly to the funds, not to the individual investors within those funds.
Fee Structure
MSD Partners manages investments for various private funds and other investment vehicles. Investors in these funds generally pay a quarterly management fee based on the gross asset value, net asset value, or invested capital. The specific fees and expenses are detailed in each fund's documents. MSD Partners or its affiliates may also receive incentive allocations based on the net capital appreciation of the fund's investments. The firm may also receive arrangement, origination, agency, acquisition, transaction, commitment, amendment, waiver, modification, directors’, “break-up,” extension, financing, monitoring, consulting, advisory and similar fees from portfolio investments. These fees may be waived or offset against management fees, but in some cases, the firm retains a portion without offset.