Overview
Baird Venture Partners Management Company V, LLC (“Baird Venture V” or the “Adviser”), the registered investment adviser,
is a Delaware limited liability company. Baird Venture V was formed to provide “investment supervisory services” to its clients, which
consist of private investment-related funds, including Baird Venture Partners V Limited Partnership, BVP V Special Affiliates Limited
Partnership and BVP V Affiliates Fund Limited Partnership (collectively, the “Partnerships” or the “Funds,” and together with any future
private investment funds, “Private Investment Funds”). Baird Venture V is also the general partner of the Funds (the “General Partner”)
and has the authority to make the investment decisions for the Funds and control the business and affairs of the Funds. The General
Partner was formed by Venture Capital (“VC”), the U.S. based venture capital group of Baird Capital (“BC”), the global private equity
group of Robert W. Baird & Co. Incorporated (“Baird”). BC was founded in 1989 and is headquartered in Chicago, Illinois. Baird is the
principal
owner of Baird Venture V. Baird Financial Corporation (“BFC”) owns 100% of Baird and Baird Financial Group, Inc. owns
100% of BFC.
The Funds and any other Private Investment Funds that may be formed by the General Partner (or its affiliates) at a later date or
that may otherwise become clients of the General Partner are expected to invest through negotiated transactions in operating entities. The
General Partner’s investment advisory services to each Fund consist of identifying and evaluating investment opportunities, negotiating
investments, managing and monitoring investments and achieving dispositions for such investments. As the General Partner provides
advisory services to the Funds, the General Partner does not tailor its advisory services to the needs of individual investors nor does it
permit individual investors to impose restrictions on investing in certain securities or types of securities. As of December 31, 2023, Baird
Venture V managed approximately $238 million on a discretionary basis and no assets on a non-discretionary basis.