Venture CapitalRIA · CRD 145166SEC-RegisteredPrivate Fund Adviser

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Baird Venture Partners

Baird Venture Partners Management Company III, LLC is an SEC-registered investment adviser in Milwaukee, WI, registered since 2007. The firm manages $1 million...

Baird Venture Partners

Baird Venture Partners Management Company III, LLC is an SEC-registered investment adviser in Milwaukee, WI, registered since 2007. The firm manages $1 million in regulatory assets. It has 14 employees and 2 investment advisers.

General information

Firm type

Venture Capital

Year founded

1997

Location

Region

North America

Country

United States

City

Milwaukee

Corporate office

Milwaukee, WI, United States

Additional offices

Chicago · Palo Alto

Principals

Jim Pavlik

Partner

Mark B. Williams

Partner

Thomas A. Dykstra

Partner

Sector focus

Enterprise SoftwareHealthcare ServicesIndustrial TechnologyFinTech

Frequently asked questions

Who runs investment decisions at Baird Venture Partners?

The investment team is led by partners Jim Pavlik, Mark B. Williams, and Thomas A. Dykstra. Pavlik has been with the firm since 2003 and oversees the healthcare and software verticals. Williams focuses on industrial technology, and Dykstra leads fintech deals (per public record).

How does Baird Venture Partners source proprietary deal flow?

The firm benefits from its parent company Robert W. Baird & Co., an investment bank with a strong middle-market franchise. Baird's investment bankers often identify companies raising growth capital or exploring strategic alternatives, creating an internal referral channel that is distinct from venture firms without a banking affiliate (per public record).

Is Baird Venture Partners a single family office or a venture firm?

It is a venture capital firm structured as a separate affiliate of Robert W. Baird & Co., not a family office. The firm raises capital from institutional LPs, including endowments, foundations, and pension funds, alongside commitments from Baird's partners and employees.

What investment stages does Baird Venture Partners typically target?

The firm focuses on growth-stage companies — typically Series B through Series D — investing $5 million to $20 million per round. It leads or co-leads rounds and reserves capital for follow-on investments in its portfolio companies.

Which sectors does Baird Venture Partners explicitly avoid?

The firm does not invest in early-stage pre-revenue startups, cryptocurrency/blockchain, or consumer internet companies. Its focus is exclusively on enterprise-facing business models in software, healthcare, and industrial technology.

Does Baird Venture Partners participate in fund commitments or only direct deals?

It operates primarily through direct investments but will make select fund commitments to smaller venture managers as a limited partner, particularly those focused on sectors aligned with Baird's investment banking verticals.

What is Baird Venture Partners' known posture on co-investments alongside external GPs?

The firm actively co-invests with lead venture capital firms such as Insight Partners, Accel, and NEA. Co-investments are typically structured as minority positions alongside the lead investor, with Baird Venture Partners contributing operational or strategic support derived from Baird's investment banking network.

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