Wisconsin seeks distressed debt, restructuring funds with multiples near historic peaks


State of Wisconsin Investment Board, pension fund, private equity, limited partners
New York Giants fans, wearing blue cheese hats, sit in the stands before their game against the Green Bay Packers during their NFL NFC Divisional playoff football game in Green Bay, Wisconsin, January 15, 2012. REUTERS/Jeff Haynes.
  • Wisconsin to back restructuring and distressed funds
  • $109 bln system backed Sterling Group, Glendon vehicles last year
  • PE portfolio valued at $8.4 bln
State of Wisconsin Retirement Board is looking for opportunities to commit to restructuring or distressed-for-control funds, according to its June 12-13 meeting materials. The board, which manages the state public-pension fund’s $109 billion investment portfolio, noted that private equity purchase prices ...

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