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Alternative Assets  + VC  | 
Baird Capital Closes 6th VC Fund at $218M

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 for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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