Baird Capital, the global private equity and venture capital arm of US-based Baird, is planning to expand its UK portfolio. The group has now announced the final close for its second Global Fund (Global Fund II) with over $340 million in committed capital. The fund will be used in markets, including the UK for buyout and growth equity investments of $15 million to $40 million in Technology & Services and Industrial Technology & Solutions sectors.
Expansion of UK portfolio
UK features in the top list for Baird’s investments. It has already made four investments from Global Fund II, including in the UK-based eCube which provides aircraft storage, disassembly and recycling services and UK-based Prescient Healthcare Group, a leading product strategy consultancy to the global biopharmaceutical industry.
Taking advantage of market dislocations
Target opportunities have EBITDA of $5 million to $15 million. The first Global Fund closed in 2017 with $310 million in committed capital. The company 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.
Backed with long-tenured investment team
“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. “We are 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, we 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.”
The post Baird Capital eyes growth in UK portfolio with $340M second global fund appeared first on UKTN (UK Tech News).
