Madison, Wisconsin-based FluGen Inc, which is currently developing a universal flu vaccine, has closed $12 million in Series A funding. The investors included Knox LLC, Venture Investors LLC, the Wisconsin Alumni Research Foundation and the State of Wisconsin Investment Board. In conjunction with the funding, FluGen has added Dr. Dan Stinchcomb and C. Boyd Clarke to its board of directors.Continue
EatStreet has secured $4 million in Series B funding. The investors were 4490 Ventures and the State of Wisconsin Investment Board. According to the company, the capital will be used for growth and to further develop its iOS and Android apps. Based in Madison, Wisc., EatStreet is an online and mobile food ordering service.Continue
The State of Wisconsin Investment Board, which as of Dec. 31, 2013, managed more than [...]Continue
The State of Wisconsin Investment Board oversees a legacy private equity portfolio that was valued [...]Continue
Neurovance has raised a $6.3 million extension in its Series A1 round. The investors included Novartis Venture Fund, Venture Investors, H&Q Healthcare Investors and H&Q Life Science Investors, GBS Venture Partners and State of Wisconsin Investment Board. Headquartered in Cambridge, Mass., Neurovance is a clinical stage neuroscience company focused on treating adult attention deficit hyperactivity disorderContinue
A Wisconsin pension fund and research organization have formed a $30 million venture capital fund to focus on early stage IT companies. Called 4490 Ventures, a reference to the 44O N latitude and 90O W longitude lines that approximate the center of the state, the fund is being backed by the State of Wisconsin Investment Board and Wisconsin Alumni Research Foundation are creating an early-stage venture capital fund focused on information technology.Continue
A mixed bag of job vacancies this week including associate and senior associate positions, investment [...]Continue
The $83 billion State of Wisconsin Investment Board logged five private equity commitments totaling $340 [...]Continue
Keith Bozarth, executive director of the $80 billion State of Wisconsin Investment Board, announced plans to retire in 2012, the extra time being needed to allow SWIB to find a replacement and help with a transition, according to a press release.
Wisconsin runs one of the nation’s largest private equity programs. The system’s current private equity target is 7 percent, and SWIB manages about $5 billion in invested private equity capital.
In a statement, the chairman of SWIB’s board of trustees, Jim Sentry, said, “We are sorry to see Keith leave, but appreciate his many accomplishments,” adding, “SWIB has accomplished a great deal (under Bozarth), including increasing its internal management of funds from 21 percent to 55 percent and revising its risk management process. These accomplishments have helped SWIB remain a model organization with an outstanding reputation.”Continue
Following the best performance in 25 years for Wisconsin’s main pension fund, the State of Wisconsin Investment Board outlined long range plans to commit more than $6 billion to private equity through 2016, including $1 billion in both 2011 and 2012, rising to $1.4 billion per year in 2015 and 2016, according to a report by StepStone Group, Wisconsin’s private equity advisor.
Overall, the IRR for Wisconsin’s private equity portfolio was 12.9 percent for the year through March, beating the portfolio’s 12.1 percent benchmark, according to StepStone. Private equity returns for Wisconsin represented a gain of $949 million for the year.Continue
Cortec Group expects to close its fifth buyout fund at its $620 million hard cap on Wednesday, a source close to the fundraising effort told Buyouts. The New York-based shop raised $600 million in commitments from LPs, and principals at the firm are committing an additional $20 million. The firm’s target had been $500 million. […]Continue