PE chief Rosen exits Dell’s family office to start own shop

  • Rosen to invest from “flexible” pool of capital
  • Joined MSD in 2005 to head private equity
  • Howard Berk now leads private equity at MSD Capital

Rosen began transitioning out of MSD Capital at the end of 2013. It’s not clear when he officially left, though he spent part of last year in a consulting role, according to a person close to MSD. Rosen was listed as a partner on the firm’s website last August, but he no longer appeared as of last October, according to the Internet Archive.

Howard Berk, a partner at MSD who joined in 2002, now heads private equity investing, the person close to MSD said.

Rosen, a partner who joined MSD to lead private equity investing in 2005, will use a pool of capital from select investors to make platform deals, according to two people familiar with Rosen’s plans. It’s not clear what sectors Rosen will focus on with the new fund.

Rosen is said to be using a flexible private equity fund-like structure to invest, though details of how the vehicle works were not clear.

Rosen also is hiring to build a team, one source said.

Prior to MSD Capital, Rosen worked for 16 years at Onex Corp, according to sources and his LinkedIn profile.

MSD Capital invests the wealth of Michael Dell, founder of computer company Dell. Michael Dell established MSD Capital in 1998, along with former Goldman Sachs executives Glenn Fuhrman and John Phelan. Fuhrman and Phelan are managing partners of the firm.

MSD focuses on investments in publicly traded securities, private equity, real estate, special opportunities and investments with third-party managers in private and public markets, according to its website.

MSD took part in Michael Dell’s $24.4 billion take-private of Dell in 2013.

In January, Reuters reported that MSD Capital was one of several firms interested in buying Marquette Transportation, which was said to be exploring a sale that could value it at $1 billion.