Baird Capital Announces Close of Sixth Venture Capital Fund
CHICAGO, Dec. 18, 2023 – Baird Capital today announced the final close of its sixth U.S. Venture Capital fund with a total of $218 million in committed capital, its largest venture fund to date. The fund is anchored by Baird and joined by returning and new institutions, foundations, family offices and industry executives.
“I am incredibly proud of the team for raising this fund in such a challenging market,” said Gordon Pan, President of Baird Capital. “It’s a testament to our track record and strategy that we received such strong support. We look forward to partnering with world-class management teams to deploy this capital in our target sectors and geographies.”
Baird Capital’s Venture Capital platform invests in mid-stage venture companies in the B2B technology and services markets. Committing $10 million to $20 million in equity over the life of an investment, the Venture Capital team looks to partner with companies with experienced and visionary management teams, capital-efficient business models, and differentiated products or services that address large market opportunities.
The fund will be led by investment partners Joanna Arras, Mark Donnelly, Jim Pavlik and Benedict Rocchio, who collectively have over 70 years of investment experience in the technology and services sector.
“Our team’s deep sector knowledge, investment experience and global network of resources position us well to support and navigate accelerated growth for our partner companies,” said Jim Pavlik, Partner with the Venture Capital team. “We are incredibly excited about the continued innovation in our target sectors and optimistic about the investment opportunities ahead of us for Fund VI.”
To date, Fund VI has invested $34.5 million in three companies:
- Osano (Austin, Texas) – A leader in data privacy management software.
- Parallax (Edina, Minn.) – A leading provider of predictive forecasting and capacity planning software for digital services organizations.
- Zylo (Indianapolis, Ind.) – The enterprise leader in SaaS management.
For more information on Baird Capital’s investment approach, team members, or portfolio, visit BairdCapital.com.
About Baird Capital
Baird Capital manages two investment platforms, Venture Capital and Global Private Equity, and invests in B2B technology & services-focused companies worldwide. Founded in 1989, the group focuses on investing in sub-sectors where it has deep institutional knowledge and leveraging global operating capabilities to support the operational and growth needs of partner companies. Baird Capital is the direct private investment arm of Robert W. Baird & Co. For more information, please visit BairdCapital.com.
For additional information, contact:
Rachel Berkowitz, Public Relations
rberkowitz@rwbaird.com
Katie Schoen, Investor Relations
kschoen@bairdcapital.com