Baird Principal Group Management Company II, LLC (BPGMC II) provides investment management services to its client, Baird Principal Group Partners Fund II Limited Partnership. BPGMC II identifies and evaluates investment opportunities, negotiates investments, monitors investments, and achieves dispositions for such investments. BPGMC II 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.
Fee Structure
Baird Principal Group Management Company II, LLC manages investments for Baird Principal Group Partners Fund II Limited Partnership. The General Partner will receive an annual management fee and a carried interest. The Partnership will pay the General Partner an annual management fee, payable quarterly in advance, equal to 1.0% of aggregate commitments during the investment period. Commencing with the 12-month period beginning on the first Management Fee due date after the expiration of the Investment Period or earlier upon the occurrence of certain events as set forth in the Partnership Agreement, and for each succeeding 12-month period, the Management Fee will be reduced to 90% of the Management Fee for the immediately preceding 12-month period. After the General Partner has achieved an 8% compounded annually preferred return, the General Partner will receive a carried interest or performance fee from investors in the Partnership equal to 10% of distributions.