Baird Capital Raises $450 Million for Third Private Equity Fund

Robert W. Baird & Co.'s private equity arm has raised $450 million for a new fund targeting investments in companies in the US and the UK. The fundraise signals ongoing investor appetite for private markets capital despite a muted deal environment. The announcement is positive for Baird's asset management franchise but is unlikely to have a broad market impact.

Analysis

Robert W. Baird & Co.'s private equity arm has raised $450 million for a new fund targeting investments in companies in the US and the UK. The fundraise signals ongoing investor appetite for private markets capital despite a muted deal environment. The announcement is positive for Baird's asset management franchise but is unlikely to have a broad market impact.