WRS News Online

Private Debt Portfolio Program Expands

To take advantage of more investment opportunities, the State of Wisconsin Investment Board private debt program has expanded. The Board of Trustees recently approved guideline changes to the Wisconsin Private Debt Portfolio that expanded the investment region from Wisconsin, Illinois, Iowa and Michigan to include Indiana, Ohio and Pennsylvania. The guideline changes removed the percentage restrictions on investments in companies outside Wisconsin and transfer loans not made in the state into a new portfolio called the Non-Wisconsin Private Debt Portfolio. About 90% of the Wisconsin Private Debt Portfolio is invested in Badger State opportunities.

SWIB’s private debt portfolio started in the late 1960s and at one time had a national and global focus, before switching its attention to investments in the state in 1983. Since the start of the dedicated Wisconsin strategy, there have been about 200 transactions totaling $2 billion.