MSD is an the investment firm begun by Michael Dell, who founded the computer company 30 years ago, the Times reported Friday.
Dell began his computer company with $1,000 and started the money management firm 15 years ago as a vehicle for investing his wealth and managing his philanthropic interests.
MSD is now a diversified investment firm. It was started with $400 million of Dell's money and is discussing a $20 billion leveraged buyout of the computer company although the deal could still fail to go through, the Times said.
Private equity firm Silver Lake would also be a party to the deal, as would other potential partners.
Financing the buyout would require Dell to include his 16 percent ownership of Dell, a stake worth about $3.5 billion.