For the fifth consecutive year, Baird Capital's U. S. Private Equity team was named a top "Consistent Performer" among international buyout managers by Private Equity Intelligence Ltd.1
1 Based on a universe of 160 firms and 734 funds fulfilling the selection criteria
We have raised and managed $2.8 billion of capital and invested in 267 companies since inception in 1989.
At year end, the Baird Capital funds had active investments in 57 portfolio companies, which collectively generate approximately $2.5 billion in revenues and employ 15,000 individuals.
Baird Capital operates four fund families - U.S. Private Equity, Venture Capital, U.K. Private Equity and China Growth Equity. Across these funds, we focus on smaller, high-potential companies in the Business Services, Healthcare and Industrial & Consumer sectors. Building on the skills that underlie Baird Capital's performance, we are implementing a more globally integrated and collaborative approach that will make the best use of our capabilities, relationships and knowledge to capture opportunities and support growth across our funds. To reflect this evolution and our mandate as the direct private investment group of Baird, in early 2013 we renamed Baird Private Equity as Baird Capital.
Our consistent success is built on the deeply held idea that Baird Capital should be a builder of great companies. We partner with entrepreneurial management teams and work closely with them to develop strategic initiatives that will grow their businesses. We give company management access to our global team of nearly 60 investment and operating professionals as well as to the experience of approximately 40 senior executives on sector-focused advisory boards.
Our Portfolio Operations team provides operating tools and resources that can help our companies accelerate revenue growth and drive operating efficiencies. Our team of operating professionals in China, for example, has been particularly effective in leveraging its on-the-ground presence to help portfolio companies generate significant operating improvements by creating sourcing relationships, building supply chains and establishing operations in Asia and globally. During 2012, we created a third-party strategic relationship to expand Baird Capital's global support capabilities. This partnership provides our companies with local resources in Vietnam, India and Mexico.
In 2012, we returned $129 million in investment proceeds to investors, predominantly from the exit of four companies. We deployed $140 million across the Baird Capital platform in nine new investments and a number of follow-on investments to existing portfolio companies. These purchases were made with the care and discipline that underlie our long track record of consistent performance, a record that continues to win recognition. In 2012, for the fifth consecutive year, Baird Capital's U.S. Private Equity team was named a top "Consistent Performer" among international buyout managers by Private Equity Intelligence Ltd.