Baird Capital, the private equity arm of financial services firm Robert W Baird & Co, has raised $450m for its latest global buyout fund – Global Fund III – which will focus on lower mid-market companies across the US and UK.
The vehicle, which is approximately 30% larger than its predecessor and has already begun deploying capital, with three investments completed to date, according to a statement from the firm.
The fundraising takes place against a backdrop of more selective private equity...
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