57 min
Gregg Lemkau - The Evolution of MSD Capital Allocators – Inside the Institutional Investment Industry
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- Investing
Gregg Lemkau is the CEO of MSD Partners, the investment firm with roots as Michael Dell's family office. MSD was formed in 1998 to manage $400 million of Michael's capital. In the ensuing twenty-five years, that initial $400 million has grown to north of $20 billion. Gregg joined MSD two years ago after a twenty-eight-year career at Goldman Sachs, where he rose to Co-Head of Investment Banking, served on the Firm's Management Committee, and was widely considered one of a few candidates to succeed David Solomon as Goldman's CEO.
Our conversation covers Gregg's career path at Goldman and lessons learned, including entertaining stories about his work with such fascinating entrepreneurs as Elon Musk and Travis Kalanick. We discuss his decision to join MSD, the firm's history, objectives, competitive advantages, and investment capabilities. We then turn to MSD's recently announced merger with BDT Partners, including the rationale, process, and integration of the businesses. We close with a look into the future of the transformed organization.
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Show Notes:
(4:29) Career path at Goldman Sachs
(11:41) Investment banking in London
(13:09) Working with Elon Musk
(16:41) Role in “The Battle for Uber”
(18:57) Navigating politics in the workplace
(20:52) Learning from David Solomon
(22:08) Leaving Goldman Sachs
(25:08) 10 reasons to join MSD
(25:49) History of MSD
(26:53) An investment DNA at MSD
(28:48) A world-class investment organization
(30:06) Compensation at a family office
(31:24) Competitive advantage
(34:19) Tech expertise and strategy
(36:16) Investing in public markets
(38:30) Merger with BDT
(41:58) Investing to support withdrawal of capital
(43:07) Being a co-CEO again
(47:49) Merging in a remote environment
(50:45) A 5-year business plan
(52:08) Closing questions
Learn More
Follow Ted on Twitter at @tseides or LinkedIn
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Access Transcript with Premium Membership
Gregg Lemkau is the CEO of MSD Partners, the investment firm with roots as Michael Dell's family office. MSD was formed in 1998 to manage $400 million of Michael's capital. In the ensuing twenty-five years, that initial $400 million has grown to north of $20 billion. Gregg joined MSD two years ago after a twenty-eight-year career at Goldman Sachs, where he rose to Co-Head of Investment Banking, served on the Firm's Management Committee, and was widely considered one of a few candidates to succeed David Solomon as Goldman's CEO.
Our conversation covers Gregg's career path at Goldman and lessons learned, including entertaining stories about his work with such fascinating entrepreneurs as Elon Musk and Travis Kalanick. We discuss his decision to join MSD, the firm's history, objectives, competitive advantages, and investment capabilities. We then turn to MSD's recently announced merger with BDT Partners, including the rationale, process, and integration of the businesses. We close with a look into the future of the transformed organization.
Access Stream by AlphaSense Free Trial
Show Notes:
(4:29) Career path at Goldman Sachs
(11:41) Investment banking in London
(13:09) Working with Elon Musk
(16:41) Role in “The Battle for Uber”
(18:57) Navigating politics in the workplace
(20:52) Learning from David Solomon
(22:08) Leaving Goldman Sachs
(25:08) 10 reasons to join MSD
(25:49) History of MSD
(26:53) An investment DNA at MSD
(28:48) A world-class investment organization
(30:06) Compensation at a family office
(31:24) Competitive advantage
(34:19) Tech expertise and strategy
(36:16) Investing in public markets
(38:30) Merger with BDT
(41:58) Investing to support withdrawal of capital
(43:07) Being a co-CEO again
(47:49) Merging in a remote environment
(50:45) A 5-year business plan
(52:08) Closing questions
Learn More
Follow Ted on Twitter at @tseides or LinkedIn
Subscribe to the mailing list
Access Transcript with Premium Membership
57 min