Form D · Other Investment Fund

BDT & MSD Real Estate Credit Opportunity Fund III, L.P.

New York, NY · CIK 0002055827

Offering snapshot reported Sep 30, 2026 · SEC filing

Reported sold: $792M
Investors reported: 100
Minimum accepted: $0
First sale: Sep 26, 2025

What changed?

Latest filing versus its linked predecessor, where available.

Reported investors0 → 100

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Sep 30, 2026	Amendment	$792,440,000	No comparison	100	SEC filing
Sep 29, 2025	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $980K (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-559164

The aggregate amount sold by the Issuer and its parallel fund is approximately $1,010,590,000.

The Sales Commissions reported herein represents the aggregate amount of fees paid by the Issuer and its parallel fund.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Barak Leumi Underwriters Ltd.	None

Source: Form D, filed Sep 30, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

BDT & MSD REAL ESTATE CREDIT OPPORTUNITY FUND III, L.P.

Investment adviser: MSD PARTNERS, L.P.

Gross asset value: $886M
Beneficial owners: 109
ADV minimum commitment: $5M

Reported in Form ADV on Aug 24, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator CITCO FUND ADMINISTRATION (CAYMAN ISLANDS) LIMITED TORONTO, Canada Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE & TOUCHE LLP NEW YORK, New York, United States

Custodian J.P. MORGAN CHASE BANK, N.A. NEW YORK, New York, United States Related to adviser: No

Marketer LEUMI PARTNERS UNDERWRITERS LTD. TEL AVIV, Israel Related to adviser: No

Prime broker J.P. MORGAN CHASE BANK, N.A. NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

DELOITTE & TOUCHE LLP
PCAOB 34

Filing source

Form ADV 2126973 · Aug 24, 2026 · Schedule D 7.B.(1), fund 805-8374335760

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
N/A Bdt & Msd Partners (Gp) Rcof Iii, Llc	Executive
Michael E. Burns	Executive
Kenneth Gerold	Executive
Gregg Lemkau	Executive
Marcello Liguori	Executive
Gregory G. Olafson	Executive
Lawrence E. Schaltenbrand	Executive
Robert K. Simonds	Executive
Daniel R. Stock	Executive
David S. Thomas	Executive
Mary Ann Todd	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

550 Madison Avenue, 20th Floor
New York, NY, 10022