
Baird Private Equity names Asia hand Carbone global head
Robert W. Baird & Co. has appointed Gordon Pan as head of its global private equity group. He succeeds Paul Carbone, who has joined Chicago-based investment firm The Pritzker Group.
Pan has been with Baird for 10 years, three years as a partner with Baird Venture Partners and then seven years at Baird Capital Partners. He also helped develop Baird Private Equity Asia. Pan was previously a principal at One Equity Partners and before that set up an international consulting firm specializing in assisting PE firms' portfolio companies establish strategic alliances in China.
Baird Private Equity has also promoted Scott Skie to COO from chief administrative officer and elevated Aaron Rudberg to partner level, where he will continue to take responsibility for investor relations, marketing and business development.
"I have great confidence in Gordon and the rest of the Baird Private Equity leadership team, and our private equity business has never been better positioned," Paul Purcell, Baird chairman, president and CEO, said in a statement. "In fact, 2011 was one of the group's best years ever, and the leadership is in place to continue its record of success."
Baird Private Equity, which focuses on the lower middle market, recorded 27 new and follow-on investments in 2011 and realized approximately $217 million from six exits. The firm set up its first Asia-focused fund in 2005 and has since launched a Greater China-focused fund, Baird Capital Partners Asia I, which launched in 2008 with a target of $100 million.
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