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BDT Capital Partners

SEC-registered adviser since 2012Chicago, ILCRD 160914

$51.5B
AUM
45
Clients
See fees
Fee
231
Advisory staff

From Form ADV filed 3 August 2026 · data retrieved 15 October 2026SEC record

BDT Capital Partners is an investment adviser headquartered in Chicago, Illinois, and registered with the SEC since 2012. Its clients include pooled investment vehicles and other clients.

Its services include portfolio management for pooled vehicles. Fee arrangements include a percentage of assets under management, fixed fees and performance-based fees. BDT & MSD Holdings, L.P. owns 75% or more of BDT Capital Partners, and Gregg Lemkau is its CEO.

Clients

BDT Capital Partners serves 45 clients. The average client has about $1.14 billion with the firm.

Regulatory assets by client type
  • Pooled investment vehicles45 clients100%
  • Other0 clients0%
Show client breakdown
Pooled investment vehicles
Clients
45
Regulatory AUM
$51,513,603,464
Share
100.0%
Avg. per client
$1.14B
Other
Clients
0
Regulatory AUM
$1,666,667
Share
0.0%
Avg. per client
—

Total

Clients
45
Regulatory AUM
$51,515,270,131
Share
100%
Avg. per client
$1.14B

What it does

BDT Capital Partners provides portfolio management for pooled vehicles. It is paid through a percentage of assets, fixed fees and performance-based fees.

BDT Capital Partners advises 45 private funds.

Nearly all assets ($51.51B across 45 accounts) are managed with discretion; $1.67M across 1 account is not. 28% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Cash100%

Custodians

BDT Capital Partners’ client accounts are held mainly at Impactassets, with 0% of managed assets. BDT Capital Partners has custody of $495.7M for 1 clients.

Managed account assets by custodian
  • OtherImpactassets, All other custodians100%

Ownership and leadership

BDT & MSD Holdings, L.P. owns 75% or more of BDT Capital Partners, and Gregg Lemkau is its CEO.

Who owns the firm
BDT Capital Partners, LLC· the adviser

  • BDT & MSD Holdings, L.P.

    Control person · since January 2023

    Owns 75% or more of BDT Capital Partners, LLC

Leadership

  • Gregg Lemkau
    Co-Chief Executive Officer
  • Byron Trott
    Chairman & Co-Chief Executive Officer
  • Adam Beshara
    President
  • Juliet Debaubigny
    President
  • Amy Ennesser
    President
  • Dan Jester
    President
  • Gregory Olafson
    President
  • San Orr
    President
  • Lawrence Schaltenbrand
    Partner & Co-Chief Financial Officer
  • Daniel Stock
    Partner & Co-Chief Financial Officer
  • Chad Feingold
    Partner & Chief Operating Officer
  • Cindy Michel
    Partner & Global Chief Compliance Officer
  • Robert Simonds
    Partner & General Counsel
  • David Thomas
    Partner & Chief Legal Officer

Staff

  • 498 employees
  • 231 in advisory functions
  • 171 broker-dealer reps

Reported holdings

BDT Capital Partners’ reported 13F holdings total $4.35B across 3 positions, and the ten largest make up 100.0% of it.

$4.35B
Reported 13F value
3
Positions
100.0%
In the 10 largest
+24.0%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Alliance Laundry Hldgs Inc.85.7%
  2. Under Armour Inc. · CL C9.5%
  3. Equipmentshare Com Inc. · Com CL A4.8%

Together, the ten largest are 100.0% of reported value.

The 3 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 14 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $4.35B is not its $51.52B in regulatory assets and does not represent any individual client's portfolio.

Fees

BDT Capital Partners is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.

BDT Capital Partners’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, BDT Capital Partners has 12 offices, with 8 listed addresses across 6 states.

Listed office addresses by state

Illinois · 1 listed address

  • 401 N. Michigan Avenue, Suite 3100, ChicagoHQ

Registration details

Legal name
BDT Capital Partners, LLC
Headquarters
401 N. Michigan Avenue, Suite 3100, Chicago, IL 60611
Phone
312-660-7300
Website
Not reported
SEC file
801-73499
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does BDT Capital Partners have?

BDT Capital Partners has 45 clients and manages $51.5 billion for them, as of August 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 August 2026

What services does BDT Capital Partners offer?

BDT Capital Partners provides portfolio management for pooled vehicles.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does BDT Capital Partners use?

BDT Capital Partners’ separately managed account assets are held at Impactassets, Inc (Bethesda, MD), with $1,666,667. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 3 August 2026

How many financial advisors does BDT Capital Partners have?

BDT Capital Partners has 0 investment adviser representatives registered with state securities authorities, out of 498 employees, and 231 perform investment advisory functions. 171 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does BDT Capital Partners invest in?

At the end of its last fiscal year, BDT Capital Partners’ separately managed accounts held 100% cash and equivalents. It advises 45 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns BDT Capital Partners?

BDT Capital Partners is owned through a chain of holding companies by Byron Trott. Its direct owner is BDT & MSD Holdings, L.P. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 3 August 2026

How does BDT Capital Partners get paid?

BDT Capital Partners is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 3 August 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 160914.
  3. Form 13F-HR, filed 14 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with BDT Capital Partners, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.