Baird Capital wraps up sophomore fund at over $340m

Baird Capital has closed its second fund at over $340 million. The fund will make investments of $15 million to $40 million in technology and services and industrial technology and solutions sectors in the U.S., U.K. and Asia.

PRESS RELEASE

CHICAGO/LONDON, July 22, 2021 – Today, Baird Capital, the global private equity and venture capital arm of Baird, announced the final close for its second Global Fund (“Global Fund II”) with over $340 million in committed capital.

The fund makes buyout and growth equity investments of $15 million to $40 million in Technology & Services and Industrial Technology & Solutions sectors in the U.S., U.K. and Asia. Target opportunities have EBITDA of $5 million to $15 million. The first Global Fund closed in 2017 with $310 million in committed capital.

Baird Capital leverages its global investment platform to target founder-owned businesses with global growth opportunities. The fund differentiates itself in the lower-middle market with the ability to flex capital deployment across geographies and sectors to take advantage of market dislocations.

Baird Capital has already made four investments from Global Fund II, including U.S.-based global pharma services consultancy Blue Matter; U.K.-based eCube which provides aircraft storage, disassembly, and recycling services; U.S.-based Azzur Group which provides GXP advisory and consulting services to life science companies; and U.K.-based Prescient Healthcare Group, a leading product strategy consultancy to the global biopharmaceutical industry.

“I am very proud of our long-tenured investment team and their commitment and focus on driving meaningful investment gains for our investors,” said Gordon Pan, President of Baird Capital. “We believe our global footprint combined with our significant investment experience and operating focus positions us well to assist lower-middle market companies to navigate challenges and take advantage of globalization opportunities.”

“We are pleased to celebrate Baird Capital in the close of Global Fund II,” said Steve Booth, President, CEO & Chairman of Baird. “Baird is proud to be a meaningful investor in the Baird Capital funds, whose other investors include third-party institutions, high-net-worth clients and Baird associates. Since its inception, Baird Capital and related legacy entities have raised and managed approximately $3.9 billion and made more than 325 investments – that underscores the strength of Baird Capital’s unique approach, and we’re excited to see what the team does next.”
Learn more about Baird Capital’s global reach, investment strategies and how they add value to portfolio companies.

About Baird Capital
Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. Having invested in more than 325 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital provides operational support to its portfolio companies through teams on the ground in the United States, Europe and Asia, a proactive portfolio operations team and a deep network of relationships, which together strive to deliver enhanced shareholder value. Baird Capital is the direct private investment arm of Robert W. Baird & Co. For more information, please visit BairdCapital.com.