April 21, 2008 / 2:43 PM / in 10 years

Michael Dell's MSD investor in National City-source

NEW YORK (Reuters) - MSD Capital LP, an investment firm that manages capital of Michael Dell and his family, is one of the investors in National City Corp NCC.N, a source familiar with the matter said on Monday.

MSD Capital is a significant investor in the $985 million private equity capital component led by Corsair Capital, this person said.

Michael Dell is chief executive of computer maker Dell Inc DELL.O.

National City, a large U.S. Midwest regional bank, said it is raising $7 billion of capital, slashed its dividend and posted a first-quarter loss.

Reporting by Paritosh Bansal, editing by Gerald E. McCormick

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