Baird Capital Management Company, LLC (“Baird Capital Management”), is a Delaware limited liability company and
registered investment adviser that began operations in October 2022. Baird Capital Management and its affiliated registered investment
advisers provide investment advisory services to private fund clients.
Baird Capital Management’s clients include Baird Venture Partners VI (defined below), Global Fund I (defined below), and
Global Fund II (defined below) (collectively, and together with any future private investment funds managed by Baird Capital
Management, the “Funds”).
Baird Capital Management Advised Funds
• Baird Venture Partners VI consists of Baird Venture Partners VI LP along
with related parallel vehicles BVP VI Special Affiliates Fund LP and BVP
VI Affiliates Fund LP and any related alternative investment vehicles
(collectively, “Baird Venture Partners VI”). Baird Venture Partners VI’s
general partner, Baird Venture Partners GP VI LLC, relies on Baird Capital
Management’s investment adviser registration in accordance with SEC
guidance under the Advisers Act.
• Global Fund I consists of Baird Capital Global Fund I LP along with related
parallel vehicles Baird Capital Global Fund I - DE LP, BCGF I Special
Affiliates LP, and BCGF I Affiliates Fund LP and any related alternative
investment vehicles (collectively, “Global Fund I”). The Global Fund I’s
general partner, Baird Capital Global Fund Management I LP, relies on
Baird Capital Management’s investment adviser registration in accordance
with SEC guidance under the Advisers Act.
• Global Fund II consists of Baird Capital Global Fund II Limited Partnership
along with related parallel vehicles BCGF II Special Affiliates LP and
BCGF II Affiliates Fund LP and alternative investment vehicles
(collectively, “Global Fund II”). The Global Fund II’s general partner,
Baird Capital Global Fund Management II LLC, relies on Baird Capital
Management’s investment adviser registration in accordance with SEC
guidance under the Advisers Act.
Baird Capital Management and the general partners of the Funds (collectively, the
“Adviser”) are operated as a single advisory business formed by Baird Capital, the U.S. based
venture capital and global private equity business unit of Robert W. Baird & Co. Incorporated
(“Baird”). Baird is a broker-dealer and investment advisory firm founded in 1919 and is based in
Milwaukee, Wisconsin. Baird Capital Management is 100% owned by Baird. Baird Financial
Corporation (“BFC”) owns 100% of Baird. Baird Financial Group, Inc. is a holding company that owns 100% of BFC. Shares of Baird
Financial Group, Inc. are 95% owned by employees of Baird and its affiliates with no individual employee owning greater than 2% of the
outstanding shares.
The Adviser provides investment advisory services to the Funds that consists of identifying and evaluating investment
opportunities, negotiating investments, managing and monitoring investments and achieving dispositions for such investments. Baird
Capital Management
tailors its advisory services in accordance with each Fund’s investment strategy as disclosed in such Fund’s offering
documents. The Adviser provides advisory services to the Funds and does not tailor its advisory services to the needs of individual Fund
investors, nor does it permit individual Fund investors to impose restrictions on investing in certain securities or types of securities. Further
specific details of the Adviser’s services are set forth in the Funds’ respective private placement memoranda, investment flipbook,
partnership agreement, subscription agreements, or other offering documents (collectively, the “Fund Documents”) and are further
described below in Item 8, “Methods of Analysis, Investment Strategies and Risk of Loss.” As of December 31, 2023, the Adviser managed
approximately $837.6 in client assets on a discretionary basis with no assets managed on a non-discretionary basis.
Baird Financial
Corporation
Robert W. Baird &
Co. Incorporated
Baird Capital
Management
Company, LLC
Baird Venture
Partners GP VI LLC
Baird Capital Global
Fund Management I
LP
Baird Capital Global
Management II LLC
100%
100%
Relying
Advisors
2
The Adviser has entered into, and may in the future enter into, side letters or other similar agreements with certain investors that
provide such investors with rights that are more favorable to those offered other investors under the Fund’s partnership agreement or
subscription agreement. Such rights or alterations could be regarding economic terms, fee structures, excuse rights, information rights,
investment limitations, co-investment rights (including the provision of stated co-invest opportunities or priority allocation rights to, for
example, limited partners who have capital commitments in excess of certain thresholds to one or more Fund), or transfer rights, among
others. Any rights established or any terms altered or supplemented will govern only the investment of the specific investor and not the
terms of a Fund as whole. Further, most side letters or other similar arrangements provide such investors with “most favored nations”
rights pursuant to side letters entered into with other investors in that Fund.
Investors in the Funds participate in the overall investment program for the applicable Fund but could be excused from a
particular investment due to legal, regulatory or other applicable constraints. The Adviser has offered and may in the future offer certain
investors or other persons, including operating partners or advisors, the opportunity to invest directly in a portfolio company. The Adviser
has discretion in offering such investment opportunities in accordance with the Funds’ partnership agreements, and such investment
opportunities typically will be offered to some and not to other Fund investors or third parties.
The information provided above about the investment advisory services provided by the Adviser is qualified in its
entirety by reference to the Fund Documents of the Funds.