MSD Partners, L.P. is an SEC-registered investment adviser based in New York, NY that reports managing 20 hedge funds on Form ADV. It reports $21.3 billion in regulatory assets under management. Its private funds, of all types, hold $20.4 billion in gross assets. Its disclosed U.S. stock holdings returned an estimated -33.5% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated -32.6% from Q3 2024 to Q2 2026, compared with +37.2% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- $21.3 billionForm ADV Item 5.F
- Gross assets of private funds
- $20.4 billionAll private fund types, Form ADV
- Hedge funds managed
- 2053 private funds in total
- Employees
- 498Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 161664
- Latest Form ADV
- 08/24/2026Disciplinary disclosures: none reported
Estimated 13F portfolio performance
Est. 2026 YTD-33.5%Through Q2 2026 · S&P 500 +9.5%
Est. 2-year return-32.6%Q3 2024 – Q2 2026
S&P 500+37.2%Same quarters, price only
13F holdings$76.8 million9 positions, 2026-06-30
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q2 2026 | +33.2% | +14.8% |
| Q1 2026 | -50.1% | -4.6% |
| Q4 2025 | -29.0% | +2.4% |
| Q3 2025 | -12.3% | +7.8% |
| Q2 2025 | +42.7% | +10.4% |
| Q1 2025 | -8.5% | -4.5% |
| Q4 2024 | +2.8% | +2.1% |
| Q3 2024 | +21.4% | +5.4% |
Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures
Largest disclosed holdings
- Oddity Tech LTD$27.0 million
- Renew Energy Global PLC$13.1 million
- Xponential Fitness Inc$11.5 million
- 05501u601$10.3 million
- Lindblad Expeditions Hldgs I$9.8 million
- Safehold Inc$3.5 million
- Servicetitan Inc CL A$1.3 million
- 67623c307$182,019
- Trisalus Life Sciences Inc$181,995
As of 2026-06-30, from 13F filing by MSD Partners, L.P..
Private funds reported on Form ADV (42)
Fund
Gross assets
Minimum
Owners
Adviser
MSD Hospitality Partners, L.P.
Delaware, United StatesReal estate fund
Gross assets$2.4B
Minimum$25.0M
Owners190
AdviserMSD Partners, L.P.
MSD Real Estate Credit Opportunity Fund II, L.P.
Delaware, United StatesReal estate fund
Gross assets$1.9B
Minimum$5.0M
Owners326
AdviserMSD Partners, L.P.
MSD Private Credit Opportunity Master (Eci) Fund 2, L.P.
Cayman IslandsHedge fund
Gross assets$1.7B
Minimum$5.0M
Owners250
AdviserMSD Partners, L.P.
MSD Credit Opportunity Master Fund, L.P.
Cayman IslandsHedge fund
Gross assets$1.4B
Minimum$10.0M
Owners30
AdviserMSD Partners, L.P.
MSD Real Estate Credit Opportunity Fund, L.P.
Delaware, United StatesReal estate fund
Gross assets$1.4B
Minimum$5.0M
Owners303
AdviserMSD Partners, L.P.
MSD Aqua Partners, LLC
Delaware, United StatesPrivate equity fund
Gross assets$973M
Minimum$5.0M
Owners36
AdviserMSD Partners, L.P.
MSD Special Investments Fund II, L.P.
Delaware, United StatesHedge fund
Gross assets$859M
Minimum$5.0M
Owners232
AdviserMSD Partners, L.P.
MSD Growth Fund, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$819M
Minimum$100K
Owners78
AdviserMSD Partners, L.P.
MSD Bdc CLO I, LLC
Delaware, United StatesSecuritized asset fund
Gross assets$604M
Minimum$250K
Owners1
AdviserMSD Partners, L.P.
MSD Sif Holdings II, L.P.
Delaware, United StatesHedge fund
Gross assets$526M
Minimum$5.0M
Owners60
AdviserMSD Partners, L.P.
MSD Rcof1 - Bc, LLC
Delaware, United StatesReal estate fund
Gross assets$524M
MinimumNone set
Owners1
AdviserMSD Partners, L.P.
MSD Private Credit Opportunity Master (Eci) Fund, L.P.
Cayman IslandsHedge fund
Gross assets$517M
Minimum$5.0M
Owners177
AdviserMSD Partners, L.P.
MSD Wm Partners, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$494M
MinimumNone set
Owners13
AdviserMSD Partners, L.P.
MSD Ring Partners, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$385M
Minimum$1.0M
Owners42
AdviserMSD Partners, L.P.
MSD Real Estate Credit Opportunity Fund (G), LLC
Delaware, United StatesReal estate fund
Gross assets$367M
Minimum$5.0M
Owners2
AdviserMSD Partners, L.P.
MSD Pcof1 - Bc, LLC
Delaware, United StatesHedge fund
Gross assets$361M
MinimumNone set
Owners1
AdviserMSD Partners, L.P.
MSD Sbafla Fund, L.P.
Delaware, United StatesHedge fund
Gross assets$325M
MinimumNone set
Owners2
AdviserMSD Partners, L.P.
MSD Empire Fund, L.P.
Delaware, United StatesHedge fund
Gross assets$314M
Minimum$1.0M
Owners2
AdviserMSD Partners, L.P.
MSD Rcof2 - Phx, LLC
Delaware, United StatesReal estate fund
Gross assets$279M
MinimumNone set
Owners1
AdviserMSD Partners, L.P.
MSD Rcof2 - Bc2, LLC
Delaware, United StatesReal estate fund
Gross assets$268M
MinimumNone set
Owners1
AdviserMSD Partners, L.P.
MSD Special Investments Fund, L.P.
Delaware, United StatesHedge fund
Gross assets$247M
Minimum$5.0M
Owners146
AdviserMSD Partners, L.P.
MSD Pcof1 - Pc, LLC
Delaware, United StatesHedge fund
Gross assets$242M
MinimumNone set
Owners1
AdviserMSD Partners, L.P.
MSD Geo Partners, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$200M
MinimumNone set
Owners4
AdviserMSD Partners, L.P.
MSD Bolt Partners, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$181M
Minimum$1.0M
Owners31
AdviserMSD Partners, L.P.
MSD Manufacturing Partners, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$161M
MinimumNone set
Owners2
AdviserMSD Partners, L.P.
MSD Pcof2 - Bc2, LLC
Delaware, United StatesHedge fund
Gross assets$140M
MinimumNone set
Owners1
AdviserMSD Partners, L.P.
MSD Real Estate Credit Opportunity Fund II (M), L.P.
Cayman IslandsReal estate fund
Gross assets$139M
MinimumNone set
Owners1
AdviserMSD Partners, L.P.
MSD Pcof2 - Bc3, LLC
Delaware, United StatesHedge fund
Gross assets$134M
MinimumNone set
Owners1
AdviserMSD Partners, L.P.
MSD Private Credit Opportunity Master (Eci) Fund II, L.P.
Cayman IslandsHedge fund
Gross assets$129M
Minimum$5.0M
Owners22
AdviserMSD Partners, L.P.
MSD Rcof1 - Pc, LLC
Delaware, United StatesReal estate fund
Gross assets$104M
MinimumNone set
Owners1
AdviserMSD Partners, L.P.
MSD Sif Holdings, L.P.
Delaware, United StatesHedge fund
Gross assets$94.6M
Minimum$5.0M
Owners35
AdviserMSD Partners, L.P.
MSD Rcof2 - Pc2, LLC
Delaware, United StatesReal estate fund
Gross assets$93.8M
MinimumNone set
Owners1
AdviserMSD Partners, L.P.
MSD Eiv Private, LLC
Delaware, United StatesPrivate equity fund
Gross assets$92.4M
Minimum$25K
Owners98
AdviserMSD Partners, L.P.
MSD Boca Partners, L.P.
Delaware, United StatesReal estate fund
Gross assets$73.6M
Minimum$5.0M
Owners15
AdviserMSD Partners, L.P.
MSD Ns Partners, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$63.8M
Minimum$25K
Owners32
AdviserMSD Partners, L.P.
MSD Cira Square Investments, LLC
Delaware, United StatesReal estate fund
Gross assets$29.8M
Minimum$5.0M
Owners1
AdviserMSD Partners, L.P.
MSD Sports Partners, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$14.1M
Minimum$5.0M
Owners10
AdviserMSD Partners, L.P.
MSD Mortgage Partners, L.P.
Delaware, United StatesHedge fund
Gross assets$8.8M
Minimum$1.0M
Owners43
AdviserMSD Partners, L.P.
MSDC Eiv, LLC
Delaware, United StatesHedge fund
Gross assets$5.6M
Minimum$25K
Owners39
AdviserMSD Partners, L.P.
MSDC Music Investments, LLC
Delaware, United StatesPrivate equity fund
Gross assets$399K
Minimum$1.0M
Owners18
AdviserMSD Partners, L.P.
Torchlight Tv Holdings, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$60K
Minimum$1.0M
Owners21
AdviserMSD Partners, L.P.
MSD Real Estate Credit Opportunity Fund II (G), LLC
Delaware, United StatesReal estate fund
Gross assets$0
MinimumNone set
Owners2
AdviserMSD Partners, L.P.
As reported in the adviser's Form ADV filed Nov 21, 2024. Funds also listed from Form D are shown above.
Fund vehicles: feeder funds and single-deal vehicles (3)
Fund
Gross assets
Minimum
Owners
Adviser
BDT & Msd Pcof Co-Investment B, L.P.
Delaware, United StatesHedge fund
Gross assets$80.5M
MinimumNone set
Owners10
AdviserMSD Partners, L.P.
MSD Pcof Co-Investment A, L.P.
Delaware, United StatesHedge fund
Gross assets$77.5M
MinimumNone set
Owners4
AdviserMSD Partners, L.P.
MSD Eiv Private, LLC - Series B
Delaware, United StatesPrivate equity fund
Gross assets$72.6M
Minimum$25K
Owners78
AdviserMSD Partners, L.P.
Feeder funds invest through a master fund; single-deal vehicles (SPVs, co-investments, series) hold one investment.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures