
Baird's Shanghai-based Zhang promoted to principal
Baird Capital, the private investment arm of Robert W. Baird, has promoted Shanghai-based Yongshan Zhang to principal. Zhang, who was previously vice president, joined Baird in 2008 and works with the company's China growth equity fund.
Prior to joining Baird, Zhang was with EG Capital Group, a New York-based mid-market buyout fund, conducting transactions in the consumer sector. He also worked in IBM's sales and distribution division, serving financial services clients.
Baird has also promoted Gordon C.C. Liao to principal from vice president and Alex Kessel from senior associate to vice president. The firm also announced that John DiGiovanni is rejoining the company as a senior associate after spending the last three years at graduate school. All three will be based in Chicago.
"Gordon, Yongshan and Alex have made substantial contributions to our business and investors, and these promotions reflect their hard work in driving value in our portfolio," Gordon Pan, managing partner of Baird Capital, said in a statement.
The private equity operations of Robert W. Baird & Co were rebranded under the new umbrella name Baird Capital last month. In 2012, Baird globally deployed more than $140 million in 33 new or follow-on investments and realized nearly $130 million, principally through three exits.
Baird Capital's Greater China-focused fund, Baird Capital Partners Asia Fund I, had its final close in December 2008 at $72 million, just two months after it launched. Its most recent investments include Shanghai-based Boston Plastics and the Henan Bingxiong Refrigerated Truck company.
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