State of Wisconsin Investment Board
Early institutional PE investor managing Wisconsin's retirement system.
LP & Institutional CapitalFirmGlobal
Target market
Buyout, growth, venture and private-debt funds
Geography
Global
Overview
SWIB manages the assets of the fully funded Wisconsin Retirement System and was one of the first public pension managers to invest in private markets, having launched a private placements program in the 1960s. It has been growing its private-equity and private-debt allocation and invests through funds, co-investments and venture programs.
Key facts
- Manages the fully funded Wisconsin Retirement System
- Among the earliest public pensions in private markets (1965 program)
- Approved raising its private equity/debt allocation in 2025
- Based in Madison, Wisconsin