Baird Venture Partners closes $170m fund

by Richard Kilner

Story link: Baird Venture Partners closes $170m fund

Baird Venture Partners (BVP) has announced the closure of its third venture fund (BVP III), with committed capital exceeding $170m.

BVP, which is the US-based venture capital group of Baird Private Equity, had a target for BVP III of $150m, an objective which they achieved and then surpassed by more than 13%.

The committed capital reached the levels it did due to the support of a number of respected institutions, family offices and foundations.

BVP Managing Partner and Baird Private Equity Director Paul J. Carbone put the success down to the strength of the firm’s global private equity platform.

Carbone went on to add that he was pleased the firm was supported by investors, including many new partners.

Thus far, BVP III has invested in two companies, InsideTrack, Inc, and LatinVest Investment Company II, LLC.