Team

Badger Fund® of Funds General Partner Team – As of November 1, 2026

Badger Fund of Funds General Partner Managing Member Board of Directors – As of November 1, 2026

History

2013 Wisconsin Act 41 (opens in a new window) was passed 91 to 2 in the Assembly and 29 to 3 in the Senate (one not voting), appropriating $25 million to a state-mandated Fund of Funds Program.

In 2014 SWIB and the DOA selected the Fund of Funds Program Investment Manager through a competitive RFP. The three objectives presented in that process have not changed: be the first $500,000 investment in a new Wisconsin startup, establish venture capital funds throughout the state, and develop the next generation of Wisconsin venture capital managers.

On June 3, 2015, the State of Wisconsin signed the Badger Fund of Funds Partnership Agreement.

On June 3, 2016, the Badger Fund of Funds had its final close.

On November 2, 2017, an underlying Badger Fund made the first investment in a Wisconsin startup (opens in a new window).

On February 29, 2024, Act 98 passed by unanimous voice vote in the Wisconsin Assembly and Senate, the State of Wisconsin appropriated a second $25 million to the Badger Fund of Funds and permitting reinvestment of State of Wisconsin returns (opens in a new window) into venture capital funds headquartered in Wisconsin.

Power Creek, watercolor and photographs by Tommy Sweeney Green Bay – Montreal River
Power Creek, watercolor and photographs by Tommy Sweeney

Power Creek

The Leo Frigo Bridge crosses the Fox River at Green Bay. Here it spans the Montreal River on the Michigan line.

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