Overview
Baird Venture Partners Management Company IV, LLC (“Baird Venture IV” or the “Adviser”), the registered investment
adviser, is a Delaware limited liability company. Baird Venture IV was formed to provide “investment supervisory services” to its
clients, which consist of private investment-related funds, including Baird Venture Partners IV Limited Partnership, BVP IV Special
Affiliates Limited Partnership and BVP IV Affiliates Fund Limited Partnership (collectively, the “Partnerships” or the “Funds,” and
together with any future private investment funds, “Private Investment Funds”). Baird Venture IV 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 IV. 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. However,
the General Partner has entered into side letters with certain investors in which the General Partner has certain obligations. Those
obligations include the requirement to make certain investments in the State of Michigan and provide certain reports to a particular
investor. If the General Partner does not make certain types of investments in the State of Michigan and/or provide certain reports to
a certain investor, the General Partner may have to refund and/or reduce the management fee paid or payable by such investor. As of
December 31, 2023, Baird Venture IV managed $237.5 million on a discretionary basis and no assets on a non-discretionary basis.