VC Manager @ SWIB in Madison, WI

The State of Wisconsin Investment Board (SWIB), founded in 1951, is a premier global investment organization responsible for managing the more than $156 billion of assets of the fully funded Wisconsin Retirement System (WRS), the State Investment Fund and other state funds. Through SWIB’s effective and innovative investment management, WRS remains one of the only fully funded US public pensions. We are the 9th largest public pension fund in the U.S. and the 25th largest public or private pension fund in the world.

SWIB is recognized by the investment industry for our teamwork and innovation. SWIB pursues sophisticated global investment strategies across the asset and risk allocation spectrum. Providers across the investment ecosystem seek to partner with SWIB.

Serving more than 691,000 beneficiaries of the WRS, SWIB is a mission-driven organization focused on providing a strong financial future to those who committed their careers to public service. For public employees and the 1,500 Wisconsin employers who contribute on their behalf, we are a trusted partner. Our team innovates continuously to meet the challenges of an evolving investment landscape while growing and protecting the assets of the WRS.

SWIB provides a strong, steady economic pillar for the state of Wisconsin by growing the trust funds under its management, managing risk, and optimizing costs of the long term. We are a mission-driven organization and the participants we serve are our mission. By bringing a disciplined, prudent, and innovative approach to market opportunities, SWIB has been successful in generating required returns and maintaining the trust of the beneficiaries and stakeholders of the funds we oversee.

Our high-performing staff is key to what makes us a premier investment manager. SWIB is committed to investing in talented professionals to implement our robust, sophisticated investment strategies and to keep the organization at the forefront of the investment industry. We encourage innovation and offer professional development opportunities to help staff sharpen and expand their skills. Approximately 61 percent of SWIB’s investment professionals are Chartered Financial Analyst (CFA) charter holders.

We’re seeking an experienced investment professional to join our Venture Capital team as a Portfolio Manager. This high-impact role will focus on identifying, underwriting, and monitoring venture capital and growth equity fund commitments, with selective investment in direct opportunities alongside managers. You will support or lead sourcing, due diligence, relationship management, and portfolio monitoring, while partnering with top-tier managers and entrepreneurs to create enduring value for the Wisconsin Retirement System beneficiaries.

• Identify and evaluate high-quality venture capital and growth equity fund opportunities through rigorous market research, sector analysis, and networking.
• Lead or assist in managing all aspects of fund due diligence, including investment strategy evaluation, team assessment, track record analysis, portfolio construction, and reference checks.
• Develop clear investment recommendations, prepare materials for internal investment meetings, and manage the approval process.
• Monitor existing fund relationships, track portfolio company performance, and maintain active dialogue with general partners.
• Source and evaluate select direct co-investment opportunities alongside trusted managers, including conducting financial modeling, market sizing, and risk assessment as needed.
• Participate on Limited Partner Advisory Committees (LPACs) for key fund relationships when applicable, providing thoughtful input on governance, conflicts, and other material decisions to ensure our investors’ interests are well represented.
• Provide insights on market trends and contribute to regular updates for SWIB’s Investment Committee, Trustees, and other stakeholders.
• Represent SWIB at annual meetings, industry conferences, and manager events to strengthen our network and market intelligence.
• Participate in panels, round tables, and other speaking engagements to…