VH

Victor Hwang

Managing Director and Co-Head of MSD Growth

San Francisco, California

Overview 

Victor Hwang is the Managing Director and Co-Head of MSD Growth at BDT & MSD Partners in San Francisco, California. With a background in investment banking and executive management, he has successfully led investments in notable companies like Forward Networks and Verkada, focusing on sectors such as cybersecurity and SaaS. Highlights of his career include his role as Managing Director at BDT & MSD Partners, where he oversees growth investments, and his successful investments in companies like SiMa.ai and 6sense, showcasing his expertise in venture capital and strategic partnerships.

Work Experience 

  • Managing Director & Co-Head of MSD Growth at BDT & MSD Partners

    2021 - Current

    Co-head of MSD Growth, which was started with the personal backing of the Dell Family Office to invest in leading technology companies where we can be a value-add, long-term investor. Our team leads the Growth Equity efforts at BDT & MSD Partners, a merchant bank with an advisory and investment platform built to serve the distinct needs of business owners and strategic, long-term investors. The firm is distinguished by its decades of experience advising at the intersection of founders, families, and businesses, as well as by its differentiated capital base and culture of aligned investing.

MSD Partners is a firm that seeks to make investments that consistently generate attractive risk-adjusted returns over the long term.

  • Senior Advisor

    2020 - 2021

  • Managing Director

    2009 - 2020

    Industry Ventures is a leading investment firm focused on the venture capital market. The firm manages a family of funds that invest in secondary direct investments, limited partnership interests and other special situations. Managing Director, General Partner and member of the Secondary Fund Investment Committee during my tenure at the firm. Joined when the firm had less than $500M in AUM and left when the firm had grown to over $3B in AUM. Senior deal partner on numerous successful investments in enterprise, consumer, and healthcare technology related companies, SPVs, and funds.

Industry Ventures is an investment firm that makes venture capital investments and manages over $3.5 billion of institutional capital.

  • Managing Partner

    2003 - 2009

    Founded opportunistic investment vehicle where I took on active Board, Senior Management or Advisor roles in five companies, all of which have been sold.

  • CEO and Vice Chairman

    2000 - 2001

    CEO of a venture capital company publicly traded in the Hong Kong Stock Exchange which was jointly owned by Internet Capital Group in the US and Hutchison Whampoa in Hong Kong. Personally recruited, built and managed a team of over fifteen experienced professionals based in Hong Kong focused on sourcing, investing in and managing business-to-business focused e-commerce companies in Greater China.

  • Managing Director, Acquisitions

    1999 - 2001

    Pre-IPO Managing Director of Internet Capital Group focused on investing in and managing business-to-business e-commerce companies. Based in the SF Bay Area until leading the build out of Internet Capital Group's Greater China operations.

  • Investment Banker

    1995 - 1999

    Led the build out of the Internet focused Investment Banking practice at Goldman Sachs by taking Yahoo!, eBay and GeoCities public. Prior to this focus, I was a generalist in the Investment Banking group focused on High Technology Companies. Completed a wide range of financing transactions, including over ten IPOs and other public offerings that raised in excess of one billion in capital, and merger and acquisitions for a wide range of software, services, hardware, semiconductor, communications equipment, and storage companies.

Goldman Sachs is a multinational financial services firm providing securities, investment banking, and management services.

  • Associate - Summer

    1994 - 1994

General Atlantic is a private equity firm that provides capital and strategic support for growth companies.

  • Investment Banker

    1990 - 1993

    Worked in the technology focused investment banking group.

Goldman Sachs is a multinational financial services firm providing securities, investment banking, and management services.

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