{
  "crd_number": 161664,
  "slug": "msd-partners-l-p-new-york-ny-161664",
  "primary_business_name": "MSD PARTNERS, L.P.",
  "legal_name": "MSD PARTNERS, L.P.",
  "dbas": [],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2012-03-30",
  "years_registered": 14,
  "period": "2026-10-01",
  "filing_date": "2026-08-24",
  "carried_forward": false,
  "raum_total": 21296429689.0,
  "raum_discretionary": 17716805551.0,
  "raum_non_discretionary": 3579624138.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 498,
  "advisory_employees": 231,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 1502461833.0,
      "count": 1,
      "description": "SEPARATELY MANAGED ACCOUNTS"
    },
    "insurance_companies": {
      "raum": 286659727.0,
      "count": 2
    },
    "pooled_investment_vehicles": {
      "raum": 19507308129.0,
      "count": 74
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CO",
    "FL",
    "NY",
    "TX"
  ],
  "websites": [
    "https://bdtmsd.com",
    "https://linkedin.com/company/bdtmsd-partners"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/161664",
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/msd-partners-l-p-new-york-ny-161664",
  "display_name": "MSD Partners, L.P.",
  "summary": "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.",
  "citation": "AdvisorCensus. MSD Partners, L.P. (CRD 161664): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is MSD Partners, L.P. compensated?",
      "a": "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."
    },
    {
      "q": "Where is MSD Partners, L.P. located?",
      "a": "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)."
    },
    {
      "q": "Is MSD Partners, L.P. registered with the SEC or a state?",
      "a": "MSD Partners, L.P. is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 161664."
    },
    {
      "q": "How much does MSD Partners, L.P. manage?",
      "a": "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)."
    },
    {
      "q": "How have MSD Partners, L.P.'s assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does MSD Partners, L.P. serve?",
      "a": "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)."
    },
    {
      "q": "Does MSD Partners, L.P. report any disciplinary disclosures?",
      "a": "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"
    },
    {
      "q": "What changed in MSD Partners, L.P.'s recent Form ADV filings?",
      "a": "In the September 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 8964963903.0,
      "total_employees": 105,
      "filing_date": "2021-08-24"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 13055137038.0,
      "total_employees": 134,
      "filing_date": "2022-08-17"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 16291593415.0,
      "total_employees": 393,
      "filing_date": "2023-06-15"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 24116933957.0,
      "total_employees": 421,
      "filing_date": "2024-09-16"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 23134850133.0,
      "total_employees": 456,
      "filing_date": "2025-06-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 21296429689.0,
      "total_employees": 498,
      "filing_date": "2026-08-24"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 208 to 231.",
        "Added an office in Luxembourg.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/msd-partners-l-p-new-york-ny-161664.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 74,
      "fewer_than_5": false,
      "raum": 19507308129.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 2,
      "fewer_than_5": false,
      "raum": 286659727.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 1,
      "fewer_than_5": false,
      "raum": 1502461833.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/161664",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}