MSD Capital, the family office Dell founder Michael Dell, has hired Douglas Londal as partner and head of its private equity investment group.
Londal will be in charge of expanding the firm’s private equity activities, the firm said. He joins MSD Capital from alternative asset management firm New Mountain Capital, where he was president and chief operating officer.
He joined New Mountain in 2004 when the firm had one PE fund and managed $770 million of assets. As of last year, the firm managed $15 billion and had invested more than $4 billion in PE and mezzanine financing.
Before New Mountain, Londal was at Goldman Sachs for 14 years and held various positions including managing director in the principal investment group, co-head of the US merchant banking business and co-head of the US mezzanine business.
MSD’s private equity group usually makes investments of between $100 million and $300 million in equity, the firm said, with the possibility to commit above or below the range.
MSD Capital was founded in 1998 to exclusively manage Michael Dell and his family’s capital and currently manages over $16 billion in assets, including the assets of investment adviser MSD Partners.