MSD Partners LP has closed its real estate credit opportunities fund at over $1.1 billion, beating its initial $750 million target. The fund’s investors included Michael Dell and his family.
NEW YORK, June 19, 2020 /PRNewswire/ — MSD Partners, L.P. (the “Firm”) today announced the final closing of its MSD Real Estate Credit Opportunities Funds (“RCOF” or the “Fund”) with in excess of $1.1 billion in commitments. The Fund received significant demand, closing well above its initial target of $750 million. Investors in the Fund include a diverse and global base of investors. In addition, Michael Dell and his family, together with Firm employees, committed approximately $300 million to the Fund.
RCOF is a dedicated real estate credit strategy that seeks to generate superior, risk-adjusted returns by originating and actively managing structured credit investments secured by high-quality real estate. The Fund has a broad mandate to make commercial real estate loans, structured investments and purchase real estate loans and securities. It will seek to take advantage of current market dynamics and maintains a robust pipeline of opportunities.
MSD Partners has a broad track record in credit, real estate, private equity and public securities. It is an SEC-registered investment advisor formed in 2009 by the partners of MSD Capital, L.P. Established in 1998, MSD Capital exclusively manages the assets of Michael S. Dell and his family.
The Fund is led by Portfolio Managers Rob Platek, Jason Kollander and Adam Piekarski.
“We are gratified to have received such strong support from new and existing limited partners,” said Mr. Platek. “Since launching the Fund, we have been investing actively, particularly during the recent market dislocation. We believe the Fund is well positioned to deploy capital to a range of opportunities that will continue to materialize as a result of the broader market environment and benefitting from MSD’s robust pipeline and relationships.”
“RCOF operates with a broad mandate that allows our team to identify and structure what are, in our view, the best risk-adjusted opportunities,” said Mr. Piekarski.
Mr. Kollander added, “We believe our ability to rapidly address situations with complex financing requirements and offer creative solutions puts us in a favorable market position.”
About MSD Partners
MSD Partners, L.P. is an SEC-registered investment adviser that was formed in 2009 by the principals of MSD Capital, L.P. to enable a select group of investors to invest in strategies that were developed by MSD Capital (the private investment firm for Michael Dell and his family). MSD Partners utilizes a multi-disciplinary investment strategy focused on maximizing long-term capital appreciation by making investments across the globe in the equities of public and private companies, credit, real estate and other asset classes and securities. MSD Partners is headquartered in New York with an additional office in Santa Monica. Additional information regarding MSD Partners may be found at msdpartners.com.