BDT & MSD Partners is a Chicago-based merchant bank and private capital investment firm formed in 2023 from BDT & Company and MSD Partners. It provides long-term aligned capital and investment solutions for founders and family-led businesses and has co-led large later-stage venture, growth and debt financings. Its private-company investing spans enterprise software, SaaS, AI, analytics, automation, fintech, healthtech, logistics, mobility and transportation, with investment activity in Canada, the United States and the United Kingdom.