Baird Capital Holds Final Close On $300 Million Fund IV

Apr 25 2007 | 1:01pm ET

Baird Capital Partners, the U.S.-based buyout fund of Baird Private Equity, has closed its fourth buyout fund with a total of $300 million in committed capital. The fund invests in U.S. middle-market companies in the business services and manufactured products sectors.

Fund IV saw inflows from both existing and new investors such as American Family Mutual Insurance, Hexagon Investments, Robert W. Baird & Co., The Northwestern Mutual Life Insurance Company and Thrivent Financial for Lutherans, a Fortune 500 financial services concern.
“Thrivent invested in BCP IV because the team at Baird Capital Partners, with its operational focus in the U.S. and Asia, has an impressive track record when it comes to building value in its investments,” said Timothy Wegener, a managing director of private investments at Thrivent.

To date, the new buyout vehicle has already invested in three companies: Accume Partners, a provider of internal auditing, IT auditing and related risk management services; Campbell Alliance Group, a pharmaceutical and biotech management consulting firm; and Backyard Adventures/Leisure Time Products, a supplier of outdoor wood play sets.

Baird Private Equity is the global private affiliate of Robert W. Baird & Co.

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