Firm profile

Bdt Capital Partners

CHICAGO, ILCRD 160914Registration Status: ApprovedEffective since March 30, 2012SEC # 801-73499Latest ADV August 3, 2026

Bdt Capital Partners is an SEC registered investment adviser organized as a limited liability company with a primary office location in Chicago, IL. Its latest Form ADV filing, dated August 3, 2026, reports $51.5B in regulatory assets under management, 498 employees, 13 offices, and 46 accounts.

Assets Under Management
$51.5B
Employees
498
Offices
13 offices
Total Clients
45

Associated firm names

2 names listed
  • BDT CAPITAL PARTNERS
  • BDT CAPITAL PARTNERS, LLC

Leadership

6 roles identified
CEOByron D. Trott
CEOGregg R. Lemkau
CCOCindy Z. Michel

Advisory services offered

1 types reported
Portfolio management for pooled investment vehicles

Fee models offered

3 types reported
Asset based fees
Fixed fees
Performance-based fees

Offices & Contact

Primary office

CHICAGO, Illinois, United States

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Primary office regionOther reported regions

Shading shows states and countries with reported offices. Cities are listed below; shading does not indicate service coverage.

Illinois

CHICAGOPrimary office

California

SANTA MONICA · MENLO PARK

Colorado

DENVER

Florida

PALM BEACH

Germany

FRANKFURT

Luxembourg

LUXEMBOURG

New York

NEW YORK · RYE

Switzerland

VERBIER

Texas

DALLAS

United Arab Emirates

DUBAI

United Kingdom

LONDON

13 office records listed · 13 total offices reported. Counts can use different reporting dates. SEC filers may list only their largest 25 additional offices.

Contact and digital presence

ADV profile links

Regulatory Assets Under Management Breakdown

Total regulatory assets under management$51.5Bas of August 3, 2026
Discretionary100.0%
$51.5B
100% of total RAUM100.0%
Non-discretionary0.0%
$2M
0% of total RAUM0.0%
All regulatory assets under management are discretionary.

Client Coverage Demographics

Top client segmentPooled Investment Vehicles represent 100.0% of total clients.
Top client categories% of clientsClients
1
Pooled Investment Vehicles
100.0%
45
Categories with <5 clients
CHARITABLE GIVING VEHICLE<5 clients

Assets under management Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total AUM$51.5B
Total Accounts46
10Y AUM Change+$38.9B (+309.7%)

Private Funds

Private funds reported by Bdt Capital Partners

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Employee Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total Employees498
Clients per Employee0:1
10Y Employee Change+408 (+453.3%)

Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.


Ownership

Reported direct and indirect ownership ranges

Each range applies to a separate reported relationship and should not be added together.

Reported ownership ranges

Highlighted bands show the percentage range reported in Form ADV.

0%25%50%75%100%
BDT & MSD HOLDINGS, L.P.Direct owner · Schedule AInterest in BDT CAPITAL PARTNERS
75%+
BDTP GP, LLCDirect owner · Schedule AInterest in BDT CAPITAL PARTNERS
< 5%
CINDY ZEE MICHELDirect owner · Schedule AInterest in BDT CAPITAL PARTNERS
< 5%
ROBERT KENNETH SIMONDSDirect owner · Schedule AInterest in BDT CAPITAL PARTNERS
< 5%
DANIEL ROBERT STOCKDirect owner · Schedule AInterest in BDT CAPITAL PARTNERS
< 5%
LAWRENCE EDWARD SCHALTENBRANDDirect owner · Schedule AInterest in BDT CAPITAL PARTNERS
< 5%
CHAD MORGAN FEINGOLDDirect owner · Schedule AInterest in BDT CAPITAL PARTNERS
< 5%
David Scott ThomasDirect owner · Schedule AInterest in BDT CAPITAL PARTNERS
< 5%
BYRON DAVID TROTTIndirect owner · Schedule BInterest in BDTP GP, LLC
75%+
BYRON DAVID TROTTIndirect owner · Schedule BInterest in BDT & MSD HOLDINGS, L.P.
25% to < 50%

Bars represent the reported range at that individual ownership step, not an estimated percentage of the advisory firm. Indirect relationships may refer to intermediate entities rather than directly to Bdt Capital Partners.

Reported ownership and control details

Form ADV · Filing date 2026-08-03 · Schedules A and B

19 entries
#Owner / person & roleInterest in entityReported interestControl personTitle / status acquiredSource
1BDT & MSD HOLDINGS, L.P.PARENTDomestic entityBDT CAPITAL PARTNERS75% or moreCode EYesPARENT01/2023Schedule APDF page 257
2BYRON DAVID TROTTCHAIRMAN & CO-CHIEF EXECUTIVE OFFICERIndividualBDT CAPITAL PARTNERSLess than 5%Code NAYesCHAIRMAN & CO-CHIEF EXECUTIVE OFFICER04/2009Schedule APDF page 257
3SAN WATTERSON ORRPRESIDENTIndividualBDT CAPITAL PARTNERSLess than 5%Code NAYesPRESIDENT04/2009Schedule APDF page 257
4DAN HAMILL JESTERPRESIDENTIndividualBDT CAPITAL PARTNERSLess than 5%Code NAYesPRESIDENT11/2013Schedule APDF page 257
5BDTP GP, LLCMANAGING MEMBERDomestic entityBDT CAPITAL PARTNERSLess than 5%Code NAYesMANAGING MEMBER04/2009Schedule APDF page 257
6CINDY ZEE MICHELPARTNER & GLOBAL CHIEF COMPLIANCE OFFICERIndividualBDT CAPITAL PARTNERSLess than 5%Code NAYesPARTNER & GLOBAL CHIEF COMPLIANCE OFFICER01/2020Schedule APDF page 257
7GREGG ROBERT LEMKAUCO-CHIEF EXECUTIVE OFFICERIndividualBDT CAPITAL PARTNERSLess than 5%Code NAYesCO-CHIEF EXECUTIVE OFFICER01/2023Schedule APDF page 257
8ROBERT KENNETH SIMONDSPARTNER & GENERAL COUNSELIndividualBDT CAPITAL PARTNERSLess than 5%Code NAYesPARTNER & GENERAL COUNSEL09/2023Schedule APDF page 257
9DANIEL ROBERT STOCKPARTNER & CO-CHIEF FINANCIAL OFFICERIndividualBDT CAPITAL PARTNERSLess than 5%Code NAYesPARTNER & CO-CHIEF FINANCIAL OFFICER01/2026Schedule APDF page 257
10LAWRENCE EDWARD SCHALTENBRANDPARTNER & CO-CHIEF FINANCIAL OFFICERIndividualBDT CAPITAL PARTNERSLess than 5%Code NAYesPARTNER & CO-CHIEF FINANCIAL OFFICER01/2026Schedule APDF page 257
11CHAD MORGAN FEINGOLDPARTNER & CHIEF OPERATING OFFICERIndividualBDT CAPITAL PARTNERSLess than 5%Code NAYesPARTNER & CHIEF OPERATING OFFICER01/2026Schedule APDF page 257
12GREGORY GORDON OLAFSONPRESIDENTIndividualBDT CAPITAL PARTNERSLess than 5%Code NAYesPRESIDENT01/2026Schedule APDF page 257
13AMY LEE ENNESSERPRESIDENTIndividualBDT CAPITAL PARTNERSLess than 5%Code NAYesPRESIDENT01/2026Schedule APDF page 257
14ADAM CHRISTOPHER BESHARAPRESIDENTIndividualBDT CAPITAL PARTNERSLess than 5%Code NAYesPRESIDENT05/2026Schedule APDF page 257
15David Scott ThomasPARTNER & CHIEF LEGAL OFFICERIndividualBDT CAPITAL PARTNERSLess than 5%Code NAYesPARTNER & CHIEF LEGAL OFFICER07/2026Schedule APDF page 257
16JULIET BARNETT DEBAUBIGNYPRESIDENTIndividualBDT CAPITAL PARTNERSLess than 5%Code NAYesPRESIDENT07/2026Schedule APDF page 257
17BDTP GP, LLCGENERAL PARTNERDomestic entityBDT & MSD HOLDINGS, L.P.Percentage not specifiedCode FYesGENERAL PARTNER12/2011Schedule BPDF page 257
18BYRON DAVID TROTTMEMBERIndividualBDTP GP, LLC75% or moreCode EYesMEMBER04/2009Schedule BPDF page 257
19BYRON DAVID TROTTLIMITED PARTNERIndividualBDT & MSD HOLDINGS, L.P.25% to less than 50%Code CYesLIMITED PARTNER09/2011Schedule BPDF page 258

Less than 5% may include zero. Code F identifies a role without specifying a percentage. Reported interests may overlap and may not include every owner. Total indirect ownership is not calculated.

Compliance & Disclosures

Filing dated 8/3/2026 4:52:39 PM

Responses were selected by the RIA in its filing. Questions are shortened for readability; “you” refers to the reporting firm, and some questions also cover advisory affiliates.

RIA or supervised-person involvementThe RIA reported that none of the events below involve the firm or its supervised persons.RIA responseNo
AFelonies2 No

In the past ten years, have you or any advisory affiliate:

  • A1Been convicted of or pleaded guilty or no contest to a felony?No
  • A2Been charged with a felony?No
BMisdemeanors2 No

In the past ten years, have you or any advisory affiliate:

  • B1Been convicted of or pleaded guilty or no contest to a misdemeanor involving investments, an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion?No
  • B2Been charged with a misdemeanor of the kind listed above?No
CSEC or CFTC actions5 No

Has the SEC or CFTC ever:

  • C1Found you or an advisory affiliate made a false statement or omission?No
  • C2Found you or an advisory affiliate violated SEC or CFTC regulations or statutes?No
  • C3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • C4Entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • C5Imposed a civil money penalty on you or an advisory affiliate, or ordered you or an advisory affiliate to cease and desist from any activity?No
DOther regulatory actions5 No

Has any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority ever:

  • D1Found you or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?No
  • D2Found you or an advisory affiliate violated investment-related regulations or statutes?No
  • D3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • D4In the past ten years, entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • D5Denied, suspended, or revoked your or an advisory affiliate’s registration or license, or otherwise prevented association with an investment-related business or restricted activities?No
ESelf-regulatory organization actions4 No

Has a self-regulatory organization or commodities exchange ever:

  • E1Found you or an advisory affiliate made a false statement or omission?No
  • E2Found you or an advisory affiliate violated its rules, other than a violation designated as a minor rule violation under an SEC-approved plan?No
  • E3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • E4Disciplined you or an advisory affiliate by expulsion, suspension, barring association with other members, or otherwise restricting activities?No
FProfessional authorizations1 No
  • FHas an authorization to act as an attorney, accountant, or federal contractor granted to you or an advisory affiliate ever been revoked or suspended?No
GPending regulatory proceedings1 No
  • GAre you or any advisory affiliate now the subject of a regulatory proceeding that could result in a “Yes” answer to any part of C, D, or E?No
HCivil judicial actions and proceedings4 No

(1) Court actions

Has a domestic or foreign court:

  • H(1)(a)In the past ten years, enjoined you or an advisory affiliate in connection with investment-related activity?No
  • H(1)(b)Found that you or an advisory affiliate violated investment-related statutes or regulations?No
  • H(1)(c)Dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or an advisory affiliate by a state or foreign financial regulatory authority?No

(2) Pending civil proceedings

  • H(2)Are you or any advisory affiliate now the subject of a civil proceeding that could result in a “Yes” answer to any part of H(1)?No

* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.