Wisconsin co-investment team cautious as deal prices, leverage multiples rise

State of Wisconsin Investment Board, private equity, pension fund
Jan 26, 2018; Milwaukee, WI, USA; Milwaukee Bucks forward Giannis Antetokounmpo (34) looks to pass the ball as Brooklyn Nets forward DeMarre Carroll (9) defends during the first quarter at BMO Harris Bradley Center. Mandatory Credit: Jeff Hanisch-USA TODAY Sports - 10568725
High deal prices and private equity’s heavy application of debt are cause for concern at State of Wisconsin Investment Board. While deal flow remains solid, the Wisconsin co-investment team is being “cautious given the current purchase price multiples and debt ...

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