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Alternative Assets  + VC  |  January 5, 2024
Baird Capital Closes 6th VC Fund at $218M
Joe Palmisano
By: Joe Palmisano

Baird Capital Closes 6th VC Fund at $218M

Baird Capital, the Chicago, IL-based direct private investment arm of Robert W. Baird & Co., closed its sixth venture capital fund at $218 million, its largest yet, focused on mid-stage B2B technology & services companies.

Led by Joanna Arras, Mark Donnelly, Jim Pavlik and Benedict Rocchio, the platform commits $10 million to $20 million in equity over the life of an investment in companies that have between $2 million and $15 million in revenue.

The firm has already invested $34.5 million from the new fund in three startups, including a $31.5 million Series C round in SaaS management firm Zylo, a $25 million Series B in data privacy management software firm Osano, and a $12 million Series B round in predictive forecasting and capacity planning software startup Parallax.

The firm’s fifth venture fund closed at $215 million, while the fourth fund cllosed at $185 million.

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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