Baird Capital, the direct private investment arm of Robert W. Baird & Co. (Baird), today announced that Richard Neff has joined the firm as its newest Operating Partner.
Mr. Neff will work with Baird Capital’s healthcare team to pursue new investments in hospitals and physician organizations focused on provider efficiency. “Baird Capital has cultivated a very talented, experienced team with in-depth industry expertise and a global relationship network,” said Mr. Neff. “I am looking forward to working with the group to help build value in the portfolio.”
Mr. Neff has nearly thirty years of experience with GE, most recently as Vice President & General Manager of GE Healthcare’s $2.3 billion Hospital Services business. During his time at GE he held multiple positions including CEO of the Specialty Finance Group of GE Capital Global Banking in London, COO and CEO of GE Capital Global Banking in Southeast Asia, and CEO of GE Money Bank in Switzerland. Mr. Neff holds an MBA from Columbia and a BA from Rutgers College.
“Rich is a seasoned executive with extensive international experience and we are very pleased to have him join the Baird Capital team,” said Gordon Pan, Managing Partner of Baird Capital. “His deep experience in healthcare and his record of driving growth, makes him a perfect fit with our global operating model and further strengthens our competitive position.”
Baird Capital invests in lower middle-market companies in the manufactured products, healthcare and business services sectors. The firm invests from $15 million to $35 million in companies with enterprise values of $25 million to $125 million and EBITDAs greater than $5 million. Baird Capital was founded in 1989 and is based in Chicago (www.bairdcapital.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 9-11-15
