AdvisorCensus / Financial advisors / New York / New York / MSD Partners, L.P.
MSD Partners, L.P. is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 24, 2026.
Quick answers
From the filingHow is MSD Partners, L.P. compensated?
On its Form ADV (Item 5.E, October 2026), MSD Partners, L.P. reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
Where is MSD Partners, L.P. located?
MSD Partners, L.P.'s principal office is in New York, NY, according to its Form ADV; the September 2026 filing also lists 12 other offices (Schedule D, Section 1.F).
Is MSD Partners, L.P. registered with the SEC or a state?
MSD Partners, L.P. is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161664.
How much does MSD Partners, L.P. manage?
MSD Partners, L.P. reports $21,296,429,689 in regulatory assets under management in its Form ADV filing dated August 24, 2026 (83% discretionary).
How have MSD Partners, L.P.'s assets and staff changed since 2021?
In the Form ADV data for MSD Partners, L.P.: Regulatory assets under management: $8,964,963,903 in the October 2021 data and $21,296,429,689 in the October 2026 data, up 138%. Total employees: 105 in October 2021 and 498 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does MSD Partners, L.P. serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (74); insurance companies (2); other (1).
Does MSD Partners, L.P. report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/161664
What changed in MSD Partners, L.P.'s recent Form ADV filings?
In the September 2026 filing data: Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2ASee the firm's brochure (dated August 3, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$21,296,429,689 as of October 2026, filing dated August 24, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
- Other
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2012 (14 years)
- Employees
- Total: 498. Performing investment advisory functions: 231.
- Wrap fee program participation
- No.
- Other offices (Schedule D, Section 1.F)
-
12 other offices, as of the September 2026 filing
- States registered or notice-filed
-
4 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $21,296,429,689 | 498 | August 24, 2026 |
| October 2025 | $23,134,850,133 | 456 | June 27, 2025 |
| October 2024 | $24,116,933,957 | 421 | September 16, 2024 |
| October 2023 | $16,291,593,415 | 393 | June 15, 2023 |
| October 2022 | $13,055,137,038 | 134 | August 17, 2022 |
| October 2021 | $8,964,963,903 | 105 | August 24, 2021 |
Regulatory assets under management: $8,964,963,903 in the October 2021 data and $21,296,429,689 in the October 2026 data, up 138%.
Total employees: 105 in October 2021 and 498 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- September 2026
- Updated its list of owners and control persons (Schedule A).
- April 2026
- Employees performing advisory functions went from 208 to 231.
- Added an office in Luxembourg.
- Updated its list of owners and control persons (Schedule A).
- December 2025
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. MSD Partners, L.P. (CRD 161664): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/msd-partners-l-p-new-york-ny-161664