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BDT Capital Partners, LLC
Byron Trott · Private Equity · Buyout
BDT Capital Partners, LLC is an American merchant bank and investment firm headquartered in Chicago. Founded in 2009 by former Goldman Sachs executive Byron Trott, the firm specializes in providing long-term capital and strategic advice specifically to family-controlled and founder-led businesses. In January 2023, the firm merged with MSD Partners, the investment firm that manages the capital of Michael Dell and his family, to form BDT & MSD Partners. The institution operates a unique merchant banking model that combines a global network of business owners with a differentiated, patient capital base. It manages significant assets across private equity, credit, and real estate strategies, often taking minority or control stakes in companies to support growth, liquidity, and legacy preservation. The firm is known for its deep relationships with prominent entrepreneurs and its focus on businesses with strong cultures and sustainable competitive advantages.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | -4.1% |
| YTD return | +2.6% |
| Sharpe ratio | 2.67 |
| Win rate | 40% |
| AUM | $4.3B |
| Inception | Oct 1, 2025 |
| Updated | Sep 21, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $4.3B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://bdtmsd.com |
Current Holdings
Updated on Sep 21, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| ALH | Alliance Laundry Holdings Inc. | 85.2% | -1.6% |
| UAA | Under Armour Inc A | 10.1% | -3.0% |
| EQPT | EquipmentShare.com Inc | 4.7% | -37.3% |
| CBUS | Cibus Global LLC | 0.0% | +20.1% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Jul 6, 2026 | BUY | EQPT | 5.4% → 4.7% |
| Jul 6, 2026 | SELL | ARKO | 0.2% → 0.0% |
| Jul 6, 2026 | SELL | UAA | 8.7% → 10.1% |
| Jul 6, 2026 | BUY | ALH | 85.8% → 85.2% |
| May 25, 2026 | SELL | UAA | 10.5% → 8.7% |
Investment Style Analysis
BDT Capital Partners, LLC is widely recognized for employing a Buyout strategy. As of Sep 21, 2026, the firm oversees approximately $4.3B in assets under management (AUM). The portfolio demonstrates a clear preference for the Furnishings, Fixtures & Appliances and Apparel Manufacturing sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Jul 6, BDT Capital Partners, LLC made a significant move by increasing exposure to EQPT. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
The firm follows a merchant banking philosophy that emphasizes providing patient, long-term capital and strategic advisory services to family-owned and founder-led companies. Its strategy is built on the principle of aligned investing, where the firm acts as a trusted partner and advisor to entrepreneurs rather than a traditional short-term private equity investor. By leveraging an unparalleled global network of world-class business leaders, the institution provides its portfolio companies with access to unique insights and resources to help them navigate transitions, achieve growth objectives, and manage their legacies. The firm prioritizes flexible structuring and a 'long-hold' orientation to ensure that capital solutions are tailored to the specific needs and long-term goals of business owners.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with BDT Capital Partners, LLC.
Similar Investment Style
Based on Buyout.
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Frequently asked questions
How is the simulated portfolio for BDT Capital Partners, LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is BDT Capital Partners, LLC's largest holding?
As of the latest filing, BDT Capital Partners, LLC's top position is Alliance Laundry Holdings Inc. (ALH), representing 85.2% of the portfolio. This reflects a high-conviction bet by the institution.
What is BDT Capital Partners, LLC's historical performance and risk profile?
Our simulation indicates a total return of -4.1% with a win rate of 40%. Notably, the portfolio maintains a Sharpe Ratio of 2.67, suggesting an excellent level of risk-adjusted returns compared to the broader market.
What sectors does BDT Capital Partners, LLC primarily invest in?
BDT Capital Partners, LLC has a strong preference for the Furnishings, Fixtures & Appliances sector, which makes up 85.2% of their disclosed assets. The portfolio also has exposure to Apparel Manufacturing, indicating a specific thematic focus.
Is BDT Capital Partners, LLC's portfolio concentrated or diversified?
BDT Capital Partners, LLC runs a highly concentrated portfolio with 4 disclosed positions. The top 3 holdings alone account for 100.0% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has BDT Capital Partners, LLC performed in 2026?
Our AI-simulated model portfolio for BDT Capital Partners, LLC tracks a Year-to-Date (YTD) return of +2.6%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Byron Trott manage BDT Capital Partners, LLC directly?
Yes, Byron Trott serves as the key portfolio manager for BDT Capital Partners, LLC, overseeing the investment strategy and final capital allocation decisions.