Baird Capital has formed a partnership with the Texas Medical Center. According to the details of the partnership, Baird will provide funding to the Texas Medical Center; plus, Baird will establish its Houston office in the Texas Medical Center.
Houston, August 23, 2018 – Baird Capital, the direct private investment arm of Baird – an employee-owned wealth management, capital markets, asset management and private equity firm – announced today that it has formed a strategic partnership with the Texas Medical Center (TMC), a world leader in collaborative medicine and research.
The Baird Capital-TMC partnership is significant as it brings deep venture expertise in healthcare and technology as well as access to capital to Houston. The unique collaboration will be designed to fuel an infusion of “growth” venture capital into the Texas Medical Center’s burgeoning entrepreneurial ecosystem. Growth equity is essential for companies in order to achieve critical regulatory and market milestones.
“Texas Medical Center’s unique position as a leading expert in the healthcare and life sciences sectors will be an invaluable advantage to Baird Capital and its portfolio companies and will serve as a significant asset in Baird’s continued growth and success,” noted Steve Booth, Baird President & Chief Executive Officer.
Baird Capital will establish its Houston office in the Texas Medical Center, providing a front door for commercialization and investment resources. Baird Capital, together with TMC leadership, will explore and foster investment opportunities and link directly to Baird Capital’s global platform with the ability to tap into capital and expert advisors.
“Texas Medical Center is excited to welcome Baird as a key component to our growing and unprecedented life science hub,” commented Bill McKeon, Texas Medical Center President & CEO. He added, “This is yet another major milestone for establishing the Texas Medical Center as the Third Coast of life sciences.”
“We’ve developed a strong relationship with TMC for the last few years and are thrilled to see this partnership come together,” said Gordon Pan, President of Baird Capital, adding, “This partnership will provide a number of compelling opportunities for Baird Capital and TMC to share expertise and resources.”
About Texas Medical Center
Texas Medical Center (TMC) is the largest medical city in the world. The medical center campus is comprised of more than 1400 acres and houses 21 hospitals, four medical schools, six nursing schools, and over 100,000 medical professionals dedicated to advancing clinical care for over 10 million patients each year. For more information, please visit tmc.edu.
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 300 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.