MSD Capital, the family office of billionaire Michael Dell, hired Douglas Londal as a partner and head of private equity.
Londal was previously president and chief operating officer at New Mountain Capital, a private equity firm, according to a statement Wednesday from New York-based MSD Capital. Before New Mountain, Londal spent 14 years at Goldman Sachs Group Inc.
Londal will help the firm deploy more capital and continue to invest in “high-quality companies with world-class management teams,” MSD’s co-managing partners Glenn Fuhrman and John Phelan said in the statement.
MSD was established in 1998 to manage the investments of the founder of computer maker Dell and his family. The firm generally targets private equity deals where it can invest $100 million to $300 million in equity. It also invests in other asset classes including public companies, credit and real estate. MSD and its affiliate MSD Partners, which is open to some outside investors, manage more than $16 billion, according to the statement.
Dell is the world’s 37th richest person, with an estimated net worth of $18.7 billion, according to the Bloomberg Billionaires Index.