Baird Capital closes second global buyout fund at over $340m

The firm hits a final close after spending 12 months on road.

  • Fund name: Baird Capital Global Fund II
  • Amount raised: $340 million plus
  • Final close date: July 2021
  • Time on the road: 12 Months
  • Predecessor fund: Baird Capital Global Fund I ($310 million)

Baird Capital has announced the final close for its second Global Fund after collecting more than $340 million in capital commitments in just 12 months.

The fund seeks buyout and growth equity style transactions of $15 million to $45 million across technology and industrial tech solution and service sectors across the UK, US and Asia. The targeted opportunities need to have an EBITDA between $5 million to $15 million for consideration.

The firm has already made four investments from the second fund, including two US and two UK-based companies. The US companies are Blue Matter and Azzur Group. The first is a global pharma consultancy service and the latter being a GXP advisory and consulting service for life sciences companies. The UK investments comprises eCube, which provides aircraft storage, disassembly and recycling services; the other company is Prescient Healthcare Group, a leading consultancy service for the global biopharmaceutical industry.

The Wisconsin-based fund manager had previously raised $310 million for the predecessor vehicle in 2017.