Baird Capital has closed its global fund at about $310 million, beating its $300 million target. The fund will back middle-market companies in the technology and services, healthcare and industrial solutions markets in the U.S., UK and Asia. So far, the fund has invested in R2i, an American digital marketing provider and UK-based CAV Ice Protection Limited and CAV Advanced Technologies, which supplies safety critical and energy efficiency components to the global aviation industry. No financial terms were disclosed.
CHICAGO, June 28, 2017 – Baird Capital, the direct investment arm of Robert W. Baird & Co., announced today the final close for its Global Fund with a total of approximately $310 million in committed capital, exceeding the original target of $300 million. The fund invests in lower middle-market companies in the Technology and Services, Healthcare, and Industrial Solutions sectors in the US, UK and Asia.
Baird Capital has already made two investments from the fund, in US-based digital marketing service provider R2i and in UK-based CAV Ice Protection Limited and CAV Advanced Technologies Ltd (CAV) which supply safety critical and energy efficiency components to the global aviation industry.
“In today’s highly competitive M&A environment, we believe that our global resources and ability to take a portfolio company global is a significant advantage,” said Gordon Pan, President of Baird Capital. “Our approach allows us to capitalize on the opportunities that exist across different geographies, while having a global team that reviews potential investments through a shared lens.”
“Our team of talented professionals operates as one global platform – sharing investment ideas, supporting our portfolio and collaborating to drive portfolio value – to help our portfolio companies compete in today’s international marketplace,” said Paul Purcell, Chairman of Baird Capital and Chairman of Baird. “We don’t know of any other firm that is investing in lower middle market companies from a global fund. This is a very innovative approach that positions us well to maximize the value of our extensive capabilities.”
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 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. Baird Capital Partners Europe Limited is authorised and regulated by the Financial Conduct Authority. For more information, please visit www.BairdCapital.com.