MSD nabs Onex partner

The Michael Dell-backed investment firm has named former Onex partner Eric Rosen to lead the company’s private equity effort.

New York-based investment firm MSD Capital announced today that Eric Rosen, a former managing director of Onex Corporation, has been named to lead the firm’s private equity group.

Rosen will join the firm’s six other partners, including MSD co-founders Glenn Fuhrman and John Phelan.

For the past 16 years, Rosen worked at Onex, a diversified Canadian-listed holding company with a significant presence in private equity. At Onex, Rosen was involved with the acquisitions of Loews Cineplex, Dura Automotive, Caterair International, Phoenix Pictures and Ripplewood Holdings. He currently serves as a director of DRS Technologies, Commercial Vehicle Group, JL French Automotive and Cypress Insurance.

“Going forward,” Rosen noted in a statement, “MSD Capital’s mandate within private equity will be broad and unconstrained by the types of restrictions characteristic of a traditional fund.” He added that MSD will “actively pursue opportunities to partner on transactions with other private equity firms.”

Earlier this month, MSD teamed up with private equity real estate groups Blackacre and Rockpoint, along with developer Lennar Homes, in their $650 million acquisition of the marine base in El Toro, California.

Founded in 1998, MSD Capital exclusively manages the assets of Michael Dell, founder and chairman of computer manufacturer Dell Inc. The firm, which controls more than $10 billion in capital, invests in a broad range of activities, including public equities, private equity and real estate.