MSD Partners LP has named Victor Hwang managing director and co-gead of the investment firm’s newly formed growth investment business. Hwang joins Dan Bitar, a managing director who is an 18-year veteran of MSD, in co-leading MSD Growth, which is focused on investing in rapidly growing, founder-led, private companies, principally in the technology and healthcare industries.

“We are pleased to have Victor Hwang join the MSD team to co-head MSD Growth,” said Gregg Lemkau, chief executive officer of MSD Partners.  “With Victor and Dan as leaders of this new group, we look forward to taking disciplined steps to expand our investments in world-class, founder-led businesses, building on our record to date.  We have set up a differentiated platform that is distinguished by its flexibility and have committed resources and capital to build a successful investment group for the next decade and beyond.” 

“The MSD team has more than two decades of technology-related investing experience, and we look forward to extending this record as we increasingly target rapidly growing, private, technology and healthcare companies,” said Bitar.  “MSD Growth is set apart from other groups by its connection to an extraordinarily successful business-builder in Michael Dell, the patient, long-term nature of our capital, and the ability to be a flexible partner in how we invest alongside innovative teams.” 

“I am excited to join MSD to help lead a dedicated team focused on investments in private companies with exciting growth opportunities,” said Hwang.  “The private markets have been generating significant value and technology innovation will continue to be a dominant investment theme for decades to come.  But successful growth investors will need to be nimble going forward, as it is unlikely that the markets will grow in a straight line.  Flexibility and patience are what distinguish MSD and are the qualities that drew me to this great firm.” 

Most recently, Hwang was a managing director, general partner, and member of the investment committee for the secondary funds of Industry Ventures.